Overall unemployment rate moved up to 5.0% with the biggest shift in Restaurants & Hotels, which gained 2,800 roles, based on the most recently available information published in July 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 6,101 jobs in June and the unemployment rate increased compared to the prior month by 90 bps to 5.0%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 109 bps below the national rate which is a positive sign.
- Unemployment in the market is 470 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 5.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 60,000; +700
- Education & Healthcare: 57,200; -300
- Business Services: 48,000; +300
- Restaurants & Hotels: 40,600; +2,800
- Construction, Mining: 27,800; +400
- Government: 27,600; -500
- Manufacturing: 16,900; +100
- Financial Services: 15,500; +100
- Other Jobs: 14,400; -200
- IT & Development: 3,400; no change