Overall unemployment rate moved down to 2.3% with the biggest shift in Restaurants & Hotels, which gained 600 roles, based on the most recently available information published in April 2023.
Total employment in the Crestview-Fort Walton Beach-Destin, FL market rose by 1,443 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 2.3%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Crestview-Fort Walton Beach-Destin, FL unemployment rate is 159 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in February versus prior month by -2.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Restaurants & Hotels: 23,100; +600
- Transportation & Utilities: 22,500; -200
- Business Services: 22,400; +400
- Government: 21,800; +200
- Education & Healthcare: 13,200; +100
- Construction, Mining: 8,000; no change
- Financial Services: 7,800; no change
- Other Jobs: 5,000; +100
- Manufacturing: 3,600; no change
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.