Overall unemployment rate moved down to 1.9% with the biggest shift in Restaurants & Hotels, which gained 600 roles, based on the most recently available information published in June 2022.
Total employment in the Crestview-Fort Walton Beach-Destin, FL market rose by 945 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 1.9%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Crestview-Fort Walton Beach-Destin, FL unemployment rate is 144 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 5.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Restaurants & Hotels: 23,200; +600
- Transportation & Utilities: 22,300; -300
- Government: 21,500; no change
- Business Services: 20,300; no change
- Education & Healthcare: 12,700; +200
- Financial Services: 7,800; no change
- Construction, Mining: 7,300; no change
- Other Jobs: 5,200; +100
- Manufacturing: 3,500; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.