Overall unemployment rate moved down to 3.3% with the biggest shift in Transportation & Utilities, which gained 4,300 roles, based on the most recently available information published in February 2022.
Total employment in the Tampa-St. Petersburg-Clearwater, FL market rose by 8,319 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 3.3%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Tampa-St. Petersburg-Clearwater, FL unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 8.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Business Services: 273,700; -600
- Transportation & Utilities: 271,400; +4,300
- Education & Healthcare: 220,900; -100
- Restaurants & Hotels: 158,000; +3,000
- Government: 152,600; -1,700
- Financial Services: 133,000; +1,600
- Construction, Mining: 87,100; -1,200
- Manufacturing: 68,100; +300
- Other Jobs: 51,700; +1,200
- IT & Development: 24,700; -100
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.