Overall unemployment rate moved up to 2.0% 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 1,406 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 2.0%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- 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 May versus prior month by 6.4% and are up 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: 23,800; +600
- Transportation & Utilities: 22,000; -400
- Government: 21,600; +100
- Business Services: 20,400; no change
- Education & Healthcare: 12,600; no change
- Financial Services: 7,900; +100
- Construction, Mining: 7,300; no change
- Other Jobs: 5,200; +100
- Manufacturing: 3,500; no change
- IT & Development: 1,400; +100
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.