Overall unemployment rate moved up to 5.0% with the biggest shift in Transportation & Utilities, which lost 1,000 roles, based on the most recently available information published in March 2022.
Total employment in the Gulfport-Biloxi-Pascagoula, MS market declined by 5,559 jobs in January and the unemployment rate increased compared to the prior month by 180 bps to 5.0%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Gulfport-Biloxi-Pascagoula, MS unemployment rate is 57 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Government: 34,900; -400
- Restaurants & Hotels: 28,900; -100
- Transportation & Utilities: 25,500; -1,000
- Manufacturing: 18,100; no change
- Business Services: 17,500; +200
- Education & Healthcare: 12,200; -200
- Construction, Mining: 8,400; +200
- Other Jobs: 5,200; -100
- Financial Services: 5,200; no change
- IT & Development: 1,500; 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.