Overall unemployment rate moved up to 4.7% with the biggest shift in Restaurants & Hotels, which lost 2,200 roles, based on the most recently available information published in July 2021.
Total employment in the Naples-Immokalee-Marco Island, FL market declined by 4,408 jobs in June and the unemployment rate increased compared to the prior month by 100 bps to 4.7%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 139 bps below the national rate which is a positive sign.
- Unemployment in the market is 600 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 14.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.5%. Key sectors include:
- Transportation & Utilities: 28,400; +100
- Restaurants & Hotels: 25,700; -2,200
- Education & Healthcare: 23,700; -300
- Business Services: 19,300; -400
- Construction, Mining: 18,300; +300
- Government: 12,200; -1,400
- Financial Services: 8,800; no change
- Other Jobs: 8,500; -100
- Manufacturing: 5,100; +100
- IT & Development: 1,300; no change