Overall unemployment rate moved down to 3.7% with the biggest shift in Government, which gained 1,400 roles, based on the most recently available information published in November 2021.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 3,828 jobs in September and the unemployment rate decreased compared to the prior month by 60 bps to 3.7%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 86 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 5.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 60,100; +700
- Transportation & Utilities: 59,100; no change
- Business Services: 49,800; +1,300
- Restaurants & Hotels: 37,200; -700
- Government: 27,700; +1,400
- Construction, Mining: 27,600; -200
- Manufacturing: 17,200; +300
- Financial Services: 15,400; -100
- Other Jobs: 14,400; no change
- IT & Development: 3,500; no change
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.