Overall unemployment rate moved up to 3.8% with the biggest shift in Business Services, which gained 300 roles, based on the most recently available information published in November 2022.
Total employment in the Gulfport-Biloxi-Pascagoula, MS market declined by 306 jobs in September and the unemployment rate increased compared to the prior month by 10 bps to 3.8%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Gulfport-Biloxi-Pascagoula, MS unemployment rate is 48 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in September versus prior month by -3.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Government: 35,200; +100
- Restaurants & Hotels: 31,400; +100
- Transportation & Utilities: 25,500; -100
- Manufacturing: 18,000; -200
- Business Services: 17,200; +300
- Education & Healthcare: 12,700; +300
- Construction, Mining: 8,400; +200
- Other Jobs: 5,200; -100
- Financial Services: 5,100; -100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.