Overall unemployment rate moved down to 2.5% with the biggest shift in Transportation & Utilities, which lost 200 roles, based on the most recently available information published in April 2022.
Total employment in the Florence-Muscle Shoals, AL market rose by 245 jobs in March and the unemployment rate decreased compared to the prior month by 70 bps to 2.5%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Florence-Muscle Shoals, AL unemployment rate is 125 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 6.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 11,300; -200
- Government: 10,600; +100
- Manufacturing: 8,300; +100
- Education & Healthcare: 7,400; no change
- Restaurants & Hotels: 5,900; no change
- Business Services: 4,000; no change
- Construction, Mining: 4,000; +100
- Other Jobs: 2,400; no change
- Financial Services: 2,400; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.