Overall unemployment rate moved up to 2.5% with the biggest shift in Government, which lost 100 roles, based on the most recently available information published in March 2023.
Total employment in the Daphne-Fairhope-Foley, AL market rose by 1,875 jobs in January and the unemployment rate increased compared to the prior month by 40 bps to 2.5%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Daphne-Fairhope-Foley, AL unemployment rate is 136 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 0.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Government: 10,800; -100
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.