Overall unemployment rate moved down to 3.0% with the biggest shift in Business Services, which gained 600 roles, based on the most recently available information published in May 2023.
Total employment in the Gulfport-Biloxi-Pascagoula, MS market rose by 2,154 jobs in March and the unemployment rate decreased compared to the prior month by 20 bps to 3.0%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Gulfport-Biloxi-Pascagoula, MS unemployment rate is 62 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 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 1.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Government: 35,800; +200
- Restaurants & Hotels: 32,700; +400
- Transportation & Utilities: 25,300; no change
- Manufacturing: 18,000; no change
- Business Services: 17,400; +600
- Education & Healthcare: 12,600; no change
- Construction, Mining: 8,300; +100
- Financial Services: 5,400; no change
- Other Jobs: 5,200; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.