Overall unemployment rate moved up to 4.5% with the biggest shift in Business Services, which lost 700 roles, based on the most recently available information published in April 2021.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 252 jobs in March and the unemployment rate increased compared to the prior month by 10 bps to 4.5%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 168 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 0.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 34,000; -100
- Education & Healthcare: 31,000; +100
- Government: 28,700; +100
- Business Services: 25,900; -700
- Restaurants & Hotels: 23,800; +500
- Financial Services: 15,200; no change
- Construction, Mining: 12,100; +100
- Manufacturing: 6,900; no change
- Other Jobs: 6,500; -100
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.