Overall unemployment rate moved down to 3.7% with the biggest shift in Restaurants & Hotels, which gained 300 roles, based on the most recently available information published in February 2022.
Total employment in the Sebastian-Vero Beach, FL market rose by 627 jobs in December and the unemployment rate decreased compared to the prior month by 30 bps to 3.7%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Sebastian-Vero Beach, FL unemployment rate is 1 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in December versus prior month by -2.3% and are down 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:
- Transportation & Utilities: 11,200; +300
- Education & Healthcare: 10,900; no change
- Restaurants & Hotels: 8,400; +300
- Business Services: 6,800; no change
- Government: 5,200; no change
- Construction, Mining: 4,900; -100
- Financial Services: 2,800; no change
- Other Jobs: 2,800; no change
- Manufacturing: 2,300; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.