Overall unemployment rate moved down to 2.6% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in April 2022.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 463 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 2.6%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 154 bps below the national rate which is a positive 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) grew in February 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 grew by 1.1% . Key sectors include:
- Restaurants & Hotels: 31,800; +1,200
- Transportation & Utilities: 30,100; +100
- Education & Healthcare: 24,100; no change
- Business Services: 19,500; +100
- Construction, Mining: 18,600; +300
- Government: 13,300; no change
- Financial Services: 9,500; no change
- Other Jobs: 9,300; +100
- Manufacturing: 5,200; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.