Overall unemployment rate moved down to 2.7% , based on the most recently available information published in April 2022.
Total employment in the Daphne-Fairhope-Foley, AL market rose by 1,057 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 2.7%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Daphne-Fairhope-Foley, AL unemployment rate is 144 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 February versus prior month by 0.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 10,300; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.