Overall unemployment rate moved down to 1.9% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in June 2023.
Total employment in the Florence-Muscle Shoals, AL market rose by 351 jobs in April and the unemployment rate decreased compared to the prior month by 10 bps to 1.9%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Florence-Muscle Shoals, AL unemployment rate is 120 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 April versus prior month by 10.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 11,600; no change
- Government: 10,400; no change
- Manufacturing: 8,600; no change
- Education & Healthcare: 7,900; +100
- Restaurants & Hotels: 6,500; +200
- Construction, Mining: 4,200; no change
- Business Services: 3,900; no change
- Other Jobs: 2,500; no change
- Financial Services: 2,500; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.