Overall unemployment rate moved up to 5.2% with the biggest shift in Restaurants & Hotels, which gained 300 roles, based on the most recently available information published in April 2021.
Total employment in the Sebastian-Vero Beach, FL market rose by 473 jobs in March and the unemployment rate increased compared to the prior month by 40 bps to 5.2%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Sebastian-Vero Beach, FL unemployment rate is 98 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 21.2% 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: 10,400; -100
- Restaurants & Hotels: 7,600; +300
- Business Services: 6,500; +100
- Government: 5,300; no change
- Construction, Mining: 4,600; +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 March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.