Overall unemployment rate stayed flat at 3.8% with the biggest shift in Business Services, which gained 1,200 roles, based on the most recently available information published in December 2021.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 2,001 jobs in October and the unemployment rate stayed flat. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 46 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 11.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Transportation & Utilities: 34,800; +500
- Education & Healthcare: 31,700; +400
- Government: 29,100; +200
- Business Services: 26,100; +1,200
- Restaurants & Hotels: 24,700; +400
- Financial Services: 16,000; +100
- Construction, Mining: 12,600; -100
- Manufacturing: 7,100; +100
- Other Jobs: 6,600; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.