Overall unemployment rate moved down to 2.4% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in August 2022.
Total employment in the Crestview-Fort Walton Beach-Destin, FL market rose by 1,090 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 2.4%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Crestview-Fort Walton Beach-Destin, FL unemployment rate is 138 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 0.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Restaurants & Hotels: 24,700; +100
- Transportation & Utilities: 23,000; +200
- Government: 20,900; +400
- Business Services: 20,600; +100
- Education & Healthcare: 12,600; no change
- Financial Services: 8,000; +100
- Construction, Mining: 7,500; +100
- Other Jobs: 5,200; no change
- Manufacturing: 3,500; no change
- IT & Development: 1,400; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.