Overall unemployment rate moved down to 3.1% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in August 2022.
Total employment in the Deltona-Daytona Beach-Ormond Beach, FL market rose by 1,703 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 3.1%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Deltona-Daytona Beach-Ormond Beach, FL unemployment rate is 68 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in July versus prior month by -0.7% and are down 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:
- Transportation & Utilities: 44,100; +300
- Education & Healthcare: 39,400; no change
- Restaurants & Hotels: 33,800; +400
- Government: 25,100; +400
- Business Services: 24,900; -100
- Construction, Mining: 14,700; +100
- Manufacturing: 12,000; -100
- Financial Services: 10,000; no change
- Other Jobs: 8,800; no change
- IT & Development: 1,800; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.