Overall unemployment rate moved down to 3.7% with the biggest shift in Business Services, which gained 1,500 roles, based on the most recently available information published in April 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 5,693 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 3.7%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 285 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 1.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 59,300; +100
- Education & Healthcare: 56,900; +1,200
- Business Services: 46,000; +1,500
- Restaurants & Hotels: 39,300; no change
- Government: 28,000; +200
- Construction, Mining: 26,800; -200
- Manufacturing: 16,500; +100
- Financial Services: 15,500; no change
- Other Jobs: 14,400; +200
- IT & Development: 3,500; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.