Overall unemployment rate moved down to 4.8% with the biggest shift in Government, which gained 500 roles, based on the most recently available information published in September 2021.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 3,000 jobs in July and the unemployment rate decreased compared to the prior month by 40 bps to 4.8%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 86 bps below the national rate which is a positive sign.
- Unemployment in the market is 410 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 12.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 34,100; +100
- Education & Healthcare: 30,900; no change
- Government: 26,900; +500
- Business Services: 25,200; -300
- Restaurants & Hotels: 24,900; +100
- Financial Services: 15,700; +100
- Construction, Mining: 12,800; +300
- Manufacturing: 7,000; no change
- Other Jobs: 6,600; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.