Overall unemployment rate moved down to 3.4% with the biggest shift in Restaurants & Hotels, which gained 2,700 roles, based on the most recently available information published in December 2021.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 6,094 jobs in October and the unemployment rate decreased compared to the prior month by 20 bps to 3.4%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 86 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 14.1% 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: 29,600; +200
- Restaurants & Hotels: 27,900; +2,700
- Education & Healthcare: 24,400; +400
- Business Services: 19,800; -100
- Construction, Mining: 18,100; +500
- Government: 12,600; -100
- Financial Services: 9,000; +100
- Other Jobs: 8,600; +200
- Manufacturing: 5,200; +100
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.