Overall unemployment rate moved up to 3.6% with the biggest shift in Government, which lost 300 roles, based on the most recently available information published in March 2022.
Total employment in the Florence-Muscle Shoals, AL market declined by 373 jobs in January and the unemployment rate increased compared to the prior month by 70 bps to 3.6%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Florence-Muscle Shoals, AL unemployment rate is 83 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in January versus prior month by 1.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.0%. Key sectors include:
- Transportation & Utilities: 11,600; -200
- Government: 9,700; -300
- Manufacturing: 8,100; no change
- Education & Healthcare: 7,300; no change
- Restaurants & Hotels: 5,700; -200
- Business Services: 3,900; -200
- Construction, Mining: 3,800; -100
- Financial Services: 2,400; no change
- Other Jobs: 2,300; -100
- IT & Development: 400; 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.