Overall unemployment rate moved up to 2.5% with the biggest shift in Government, which lost 1,100 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 1,630 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 2.5%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Crestview-Fort Walton Beach-Destin, FL unemployment rate is 134 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 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 4.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Restaurants & Hotels: 24,700; +900
- Transportation & Utilities: 22,700; +500
- Government: 20,500; -1,100
- Business Services: 20,400; no change
- Education & Healthcare: 12,600; no change
- Financial Services: 7,900; no change
- Construction, Mining: 7,400; +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 June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.