Overall unemployment rate moved down to 1.9% with the biggest shift in Restaurants & Hotels, which lost 300 roles, based on the most recently available information published in June 2022.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 318 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 1.9%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 144 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 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 up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Restaurants & Hotels: 31,400; -300
- Transportation & Utilities: 29,400; -300
- Education & Healthcare: 24,400; +100
- Business Services: 19,500; no change
- Construction, Mining: 19,000; -100
- Government: 13,400; +100
- Financial Services: 9,600; +100
- Other Jobs: 9,400; +100
- Manufacturing: 5,300; no change
- IT & Development: 1,300; no change
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.