Overall unemployment rate moved down to 3.5% with the biggest shift in Transportation & Utilities, which gained 900 roles, based on the most recently available information published in December 2021.
Total employment in the Pensacola-Ferry Pass-Brent, FL market declined by 105 jobs in November and the unemployment rate decreased compared to the prior month by 30 bps to 3.5%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 16.1% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 35,700; +900
- Education & Healthcare: 31,800; +200
- Government: 29,500; +400
- Business Services: 26,200; -100
- Restaurants & Hotels: 25,000; +300
- Financial Services: 16,100; +100
- Construction, Mining: 12,800; +200
- Manufacturing: 7,100; 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 November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.