Overall unemployment rate moved up to 3.5% with the biggest shift in Transportation & Utilities, which lost 700 roles, based on the most recently available information published in March 2023.
Total employment in the Gulfport-Biloxi-Pascagoula, MS market declined by 1,857 jobs in January and the unemployment rate increased compared to the prior month by 10 bps to 3.5%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Gulfport-Biloxi-Pascagoula, MS unemployment rate is 36 bps below the national rate which is a positive 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) declined in January versus prior month by -1.0% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.5%. Key sectors include:
- Government: 35,300; -200
- Restaurants & Hotels: 31,700; +200
- Transportation & Utilities: 25,500; -700
- Manufacturing: 17,800; -200
- Business Services: 17,200; +100
- Education & Healthcare: 12,500; -100
- Construction, Mining: 7,900; +100
- Financial Services: 5,500; +100
- Other Jobs: 5,100; -100
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.