Overall unemployment rate moved down to 4.4% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in April 2021.
Total employment in the Sebastian-Vero Beach, FL market rose by 801 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 4.4%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Sebastian-Vero Beach, FL unemployment rate is 215 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 19.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 10,900; no change
- Transportation & Utilities: 10,500; no change
- Restaurants & Hotels: 7,300; +200
- Business Services: 6,400; +100
- Government: 5,300; +100
- Construction, Mining: 4,400; 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 February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.