Overall unemployment rate moved up to 3.8% with the biggest shift in Restaurants & Hotels, which gained 700 roles, based on the most recently available information published in June 2022.
Total employment in the Gulfport-Biloxi-Pascagoula, MS market rose by 455 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 3.8%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Gulfport-Biloxi-Pascagoula, MS unemployment rate is 42 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -0.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Government: 35,000; +100
- Restaurants & Hotels: 31,000; +700
- Transportation & Utilities: 25,500; -200
- Manufacturing: 18,600; +300
- Business Services: 17,600; +200
- Education & Healthcare: 12,300; -100
- Construction, Mining: 8,300; +200
- Other Jobs: 5,300; no change
- Financial Services: 5,200; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.