Overall unemployment rate moved down to 3.6% with the biggest shift in Education & Healthcare, which gained 1,700 roles, based on the most recently available information published in December 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 4,569 jobs in October and the unemployment rate decreased compared to the prior month by 10 bps to 3.6%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 66 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 10.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.8% . Key sectors include:
- Education & Healthcare: 60,900; +1,700
- Transportation & Utilities: 59,900; +900
- Business Services: 50,400; +100
- Restaurants & Hotels: 38,700; +1,300
- Construction, Mining: 28,400; +800
- Government: 28,200; +300
- Manufacturing: 17,100; no change
- Financial Services: 15,600; +200
- Other Jobs: 14,600; +200
- IT & Development: 3,500; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.