Overall unemployment rate moved down to 2.9% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in June 2022.
Total employment in the Lakeland-Winter Haven, FL market rose by 1,517 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 2.9%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Lakeland-Winter Haven, FL unemployment rate is 44 bps below the national rate which is a positive sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -1.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 77,800; -400
- Business Services: 37,400; +200
- Education & Healthcare: 37,200; +100
- Government: 28,800; +400
- Restaurants & Hotels: 26,300; -200
- Manufacturing: 18,100; no change
- Construction, Mining: 14,700; -100
- Financial Services: 14,700; no change
- Other Jobs: 7,200; +100
- IT & Development: 2,000; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.