Overall unemployment rate moved down to 3.6% with the biggest shift in Business Services, which gained 800 roles, based on the most recently available information published in April 2021.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 3,921 jobs in February and the unemployment rate decreased compared to the prior month by 50 bps to 3.6%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 295 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 0.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 34,200; +300
- Education & Healthcare: 30,800; +200
- Government: 28,700; +400
- Business Services: 26,700; +800
- Restaurants & Hotels: 23,000; +200
- Financial Services: 15,300; +100
- Construction, Mining: 12,000; +200
- Manufacturing: 6,900; +100
- Other Jobs: 6,600; +100
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.