Overall unemployment rate moved down to 4.2% with the biggest shift in Restaurants & Hotels, which lost 2,700 roles, based on the most recently available information published in June 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 3,772 jobs in May and the unemployment rate decreased compared to the prior month by 10 bps to 4.2%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 130 bps below the national rate which is a positive sign.
- Unemployment in the market is 870 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 2.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 59,300; +700
- Education & Healthcare: 57,600; +1,800
- Business Services: 48,100; +100
- Restaurants & Hotels: 37,300; -2,700
- Government: 28,300; +200
- Construction, Mining: 27,500; -100
- Manufacturing: 16,900; +200
- Financial Services: 15,400; -100
- Other Jobs: 14,600; no change
- IT & Development: 3,400; -100
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.