Overall unemployment rate moved down to 3.9% with the biggest shift in Restaurants & Hotels, which gained 2,100 roles, based on the most recently available information published in March 2021.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 4,862 jobs in January and the unemployment rate decreased compared to the prior month by 40 bps to 3.9%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 291 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 21.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Restaurants & Hotels: 29,200; +2,100
- Transportation & Utilities: 28,500; -600
- Education & Healthcare: 23,800; no change
- Business Services: 19,000; +500
- Construction, Mining: 17,700; -100
- Government: 13,600; no change
- Other Jobs: 8,700; +100
- Financial Services: 8,600; -200
- Manufacturing: 4,900; -100
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.