Overall unemployment rate moved up to 5.2% with the biggest shift in Government, which lost 8,200 roles, based on the most recently available information published in July 2021.
Total employment in the Tampa-St. Petersburg-Clearwater, FL market rose by 14,352 jobs in June and the unemployment rate increased compared to the prior month by 60 bps to 5.2%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Tampa-St. Petersburg-Clearwater, FL unemployment rate is 89 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 June versus prior month by 1.3% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Business Services: 266,700; +1,200
- Transportation & Utilities: 255,000; +1,200
- Education & Healthcare: 212,400; +1,000
- Restaurants & Hotels: 150,200; +4,500
- Government: 143,900; -8,200
- Financial Services: 125,800; +1,000
- Construction, Mining: 87,900; +700
- Manufacturing: 66,500; -700
- Other Jobs: 47,800; +600
- IT & Development: 24,500; +600