Overall unemployment rate moved down to 2.1% with the biggest shift in Business Services, which lost 300 roles, based on the most recently available information published in June 2023.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 48 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 2.1%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 100 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 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 -8.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 31,100; -200
- Restaurants & Hotels: 29,400; +100
- Education & Healthcare: 25,900; no change
- Business Services: 20,400; -300
- Construction, Mining: 19,700; -300
- Government: 14,300; no change
- Financial Services: 10,100; no change
- Other Jobs: 9,400; no change
- Manufacturing: 5,700; +100
- IT & Development: 1,300; -100
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.