Overall unemployment rate moved up to 5.3% with the biggest shift in Restaurants & Hotels, which lost 100 roles, based on the most recently available information published in June 2021.
Total employment in the Sebastian-Vero Beach, FL market rose by 32 jobs in April and the unemployment rate increased compared to the prior month by 10 bps to 5.3%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Sebastian-Vero Beach, FL unemployment rate is 45 bps below the national rate which is a positive sign.
- Unemployment in the market is 900 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 19.9% and are down 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:
- Education & Healthcare: 10,900; no change
- Transportation & Utilities: 10,400; no change
- Restaurants & Hotels: 7,500; -100
- Business Services: 6,400; -100
- Government: 5,200; -100
- Construction, Mining: 4,600; no change
- Financial Services: 2,700; no change
- Other Jobs: 2,700; no change
- Manufacturing: 2,200; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.