Overall unemployment rate moved up to 3.0% , based on the most recently available information published in March 2022.
Total employment in the Daphne-Fairhope-Foley, AL market declined by 1,195 jobs in January and the unemployment rate increased compared to the prior month by 70 bps to 3.0%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Daphne-Fairhope-Foley, AL unemployment rate is 143 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 3.7% and are up 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 January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.