Overall unemployment rate moved up to 6.0% with the biggest shift in Government, which lost 400 roles, based on the most recently available information published in July 2021.
Total employment in the Sebastian-Vero Beach, FL market rose by 220 jobs in June and the unemployment rate increased compared to the prior month by 90 bps to 6.0%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Sebastian-Vero Beach, FL unemployment rate is 9 bps below the national rate which is a positive sign.
- Unemployment in the market is 450 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 12.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:
- Education & Healthcare: 10,800; -100
- Transportation & Utilities: 10,300; no change
- Restaurants & Hotels: 7,500; +100
- Business Services: 6,700; no change
- Construction, Mining: 4,800; no change
- Government: 4,800; -400
- Financial Services: 2,700; no change
- Other Jobs: 2,700; no change
- Manufacturing: 2,200; no change
- IT & Development: 500; no change