Overall unemployment rate moved up to 4.4% with the biggest shift in Restaurants & Hotels, which gained 2,700 roles, based on the most recently available information published in April 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 2,665 jobs in March and the unemployment rate increased compared to the prior month by 30 bps to 4.4%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 178 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in March versus prior month by -0.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 59,400; -300
- Education & Healthcare: 56,200; -500
- Business Services: 46,200; -400
- Restaurants & Hotels: 42,500; +2,700
- Government: 28,000; no change
- Construction, Mining: 27,100; +400
- Manufacturing: 16,800; +200
- 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 March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.