Overall unemployment rate moved down to 4.5% with the biggest shift in Government, which lost 2,900 roles, based on the most recently available information published in September 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 1,156 jobs in July and the unemployment rate decreased compared to the prior month by 50 bps to 4.5%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 116 bps below the national rate which is a positive sign.
- Unemployment in the market is 510 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 5.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.5%. Key sectors include:
- Transportation & Utilities: 59,900; -200
- Education & Healthcare: 59,200; +1,700
- Business Services: 48,200; +100
- Restaurants & Hotels: 38,900; -200
- Construction, Mining: 27,600; -200
- Government: 24,300; -2,900
- Manufacturing: 17,000; +100
- Financial Services: 15,500; no change
- Other Jobs: 14,500; no change
- IT & Development: 3,500; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.