Overall unemployment rate moved down to 3.1% with the biggest shift in Business Services, which lost 1,100 roles, based on the most recently available information published in February 2022.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 1,837 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 3.1%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 59 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 12.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 63,000; +800
- Education & Healthcare: 60,500; +600
- Business Services: 51,200; -1,100
- Restaurants & Hotels: 40,900; +700
- Construction, Mining: 28,500; +400
- Government: 28,200; -300
- Manufacturing: 17,400; +200
- Financial Services: 15,600; +200
- Other Jobs: 14,800; +100
- IT & Development: 3,600; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.