Overall unemployment rate moved down to 3.2% with the biggest shift in Government, which gained 700 roles, based on the most recently available information published in April 2022.
Total employment in the Florence-Muscle Shoals, AL market rose by 1,116 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 3.2%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Florence-Muscle Shoals, AL unemployment rate is 94 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 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 8.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.8% . Key sectors include:
- Transportation & Utilities: 11,400; -200
- Government: 10,600; +700
- Manufacturing: 8,300; +200
- Education & Healthcare: 7,300; no change
- Restaurants & Hotels: 5,900; +100
- Business Services: 4,000; +100
- Construction, Mining: 3,800; no change
- Other Jobs: 2,400; +100
- Financial Services: 2,400; no change
- IT & Development: 400; 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.