Overall unemployment rate moved down to 4.4% with the biggest shift in Government, which gained 2,200 roles, based on the most recently available information published in September 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market declined by 1,101 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 4.4%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 89 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 59,500; +700
- Transportation & Utilities: 59,100; -900
- Business Services: 48,600; +600
- Restaurants & Hotels: 37,300; -800
- Construction, Mining: 27,800; +200
- Government: 26,600; +2,200
- Manufacturing: 16,900; -100
- Financial Services: 15,400; -100
- Other Jobs: 14,500; +100
- IT & Development: 3,500; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.