Overall unemployment rate moved down to 5.3% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in September 2021.
Total employment in the Sebastian-Vero Beach, FL market rose by 10 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 5.3%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Sebastian-Vero Beach, FL unemployment rate is 1 bps above the national rate which is a negative sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 13.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 10,800; +100
- Transportation & Utilities: 10,300; no change
- Restaurants & Hotels: 7,400; no change
- Business Services: 6,700; no change
- Government: 5,100; +400
- Construction, Mining: 4,800; 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 August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.