Overall unemployment rate moved down to 5.4% with the biggest shift in Construction, Mining, which gained 100 roles, based on the most recently available information published in September 2021.
Total employment in the Sebastian-Vero Beach, FL market rose by 381 jobs in July and the unemployment rate decreased compared to the prior month by 60 bps to 5.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Sebastian-Vero Beach, FL unemployment rate is 26 bps below the national rate which is a positive sign.
- Unemployment in the market is 530 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 14.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Education & Healthcare: 10,800; no change
- Transportation & Utilities: 10,300; no change
- Restaurants & Hotels: 7,400; no change
- Business Services: 6,700; no change
- Construction, Mining: 4,900; +100
- Government: 4,700; -100
- 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 July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.