Overall unemployment rate moved down to 3.3% with the biggest shift in Business Services, which gained 2,300 roles, based on the most recently available information published in December 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 2,794 jobs in November and the unemployment rate decreased compared to the prior month by 30 bps to 3.3%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 59 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 7.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.8% . Key sectors include:
- Transportation & Utilities: 62,200; +1,900
- Education & Healthcare: 59,700; -1,000
- Business Services: 52,500; +2,300
- Restaurants & Hotels: 40,900; +1,700
- Government: 28,500; +300
- Construction, Mining: 28,100; +200
- Manufacturing: 17,200; +100
- Financial Services: 15,600; +100
- Other Jobs: 14,700; +100
- IT & Development: 3,600; +100
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.