Overall unemployment rate moved down to 4.3% with the biggest shift in Business Services, which gained 1,200 roles, based on the most recently available information published in June 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 2,762 jobs in April and the unemployment rate decreased compared to the prior month by 10 bps to 4.3%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 145 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,020 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -1.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 58,700; -600
- Education & Healthcare: 55,800; -100
- Business Services: 48,000; +1,200
- Restaurants & Hotels: 41,000; -100
- Government: 28,100; +100
- Construction, Mining: 27,600; +400
- Manufacturing: 16,700; -100
- Financial Services: 15,500; +100
- Other Jobs: 14,600; +100
- IT & Development: 3,500; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.