Overall unemployment rate moved up to 2.3% with the biggest shift in Transportation & Utilities, which gained 400 roles, based on the most recently available information published in January 2022.
Total employment in the Crestview-Fort Walton Beach-Destin, FL market declined by 1,563 jobs in November and the unemployment rate increased compared to the prior month by 10 bps to 2.3%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Crestview-Fort Walton Beach-Destin, FL unemployment rate is 106 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) grew in November versus prior month by 0.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 23,300; +400
- Restaurants & Hotels: 22,500; -200
- Government: 21,700; no change
- Business Services: 20,500; -100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.