Overall unemployment rate moved down to 4.4% with the biggest shift in Restaurants & Hotels, which lost 1,300 roles, based on the most recently available information published in September 2021.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 274 jobs in July and the unemployment rate decreased compared to the prior month by 30 bps to 4.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 126 bps below the national rate which is a positive sign.
- Unemployment in the market is 610 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 13.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.0%. Key sectors include:
- Transportation & Utilities: 28,200; -300
- Restaurants & Hotels: 24,400; -1,300
- Education & Healthcare: 23,500; -100
- Business Services: 19,700; +400
- Construction, Mining: 18,300; no change
- Government: 12,000; -200
- Financial Services: 8,900; +100
- Other Jobs: 8,400; -100
- Manufacturing: 5,200; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.