Overall unemployment rate moved down to 2.9% with the biggest shift in Restaurants & Hotels, which gained 2,300 roles, based on the most recently available information published in December 2021.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 3,652 jobs in November and the unemployment rate decreased compared to the prior month by 50 bps to 2.9%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 99 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 9.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.6% . Key sectors include:
- Transportation & Utilities: 30,300; +700
- Restaurants & Hotels: 29,700; +2,300
- Education & Healthcare: 24,600; +200
- Business Services: 19,900; +100
- Construction, Mining: 18,600; +500
- Government: 12,600; no change
- Financial Services: 9,100; +100
- Other Jobs: 8,700; +100
- Manufacturing: 5,300; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.