Employment Snapshot - Lakeland-Winter Haven, FL March-2023

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate stayed flat at 3.1% with the biggest shift in Business Services, which gained 700 roles, based on the most recently available information published in May 2023.

Total employment in the Lakeland-Winter Haven, FL market rose by 3,426 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.

Lakeland-Winter Haven, FL unemployment rate is 52 bps below the national rate which is a positive sign.
Unemployment in the market is 40 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 15.7% and are up compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

Lakeland-Winter Haven, FL Unemployment March 2023

For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:

Transportation & Utilities: 75,800; -100
Education & Healthcare: 39,100; -700
Business Services: 37,100; +700
Restaurants & Hotels: 29,500; +600
Government: 28,900; +200
Manufacturing: 19,800; +100
Financial Services: 16,800; +100
Construction, Mining: 15,500; +100
Other Jobs: 7,100; no change
IT & Development: 2,500; no change

Employment Change by Key Sector

Lakeland-Winter Haven, FL Unemployment by Industry March 2023

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.

Lakeland-Winter Haven, FL