Overall unemployment rate stayed flat at 2.9% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in March 2022.
Total employment in the Crestview-Fort Walton Beach-Destin, FL market declined by 427 jobs in January and the unemployment rate stayed flat. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Crestview-Fort Walton Beach-Destin, FL unemployment rate is 153 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 7.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Transportation & Utilities: 22,500; -400
- Restaurants & Hotels: 21,100; -200
- Government: 21,100; -100
- Business Services: 20,100; -200
- Education & Healthcare: 12,200; -100
- Financial Services: 7,700; no change
- Construction, Mining: 7,100; no change
- Other Jobs: 5,000; no change
- Manufacturing: 3,500; no change
- IT & Development: 1,300; -100
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.