Overall unemployment rate moved down to 3.9% with the biggest shift in Restaurants & Hotels, which gained 700 roles, based on the most recently available information published in December 2021.
Total employment in the Sebastian-Vero Beach, FL market rose by 550 jobs in November and the unemployment rate decreased compared to the prior month by 40 bps to 3.9%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Sebastian-Vero Beach, FL unemployment rate is 1 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 5.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 3.0% . Key sectors include:
- Transportation & Utilities: 10,900; +400
- Education & Healthcare: 10,900; no change
- Restaurants & Hotels: 8,500; +700
- Business Services: 6,800; no change
- Government: 5,200; +100
- Construction, Mining: 5,000; +100
- Financial Services: 2,800; +100
- Other Jobs: 2,800; +100
- Manufacturing: 2,300; +100
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.