Overall unemployment rate moved down to 4.6% with the biggest shift in Transportation & Utilities, which lost 700 roles, based on the most recently available information published in March 2021.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 6,056 jobs in January and the unemployment rate decreased compared to the prior month by 30 bps to 4.6%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 221 bps below the national rate which is a positive sign.
- Unemployment in the market is 140 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in January versus prior month by -3.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:
- Transportation & Utilities: 34,000; -700
- Education & Healthcare: 30,700; -200
- Government: 28,300; +200
- Business Services: 25,900; -200
- Restaurants & Hotels: 22,900; +300
- Financial Services: 15,200; -200
- Construction, Mining: 11,800; -100
- Manufacturing: 6,800; -100
- Other Jobs: 6,500; -100
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.