Overall unemployment rate stayed flat at 2.5% with the biggest shift in Restaurants & Hotels, which gained 400 roles, based on the most recently available information published in April 2023.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 1,391 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 139 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in February versus prior month by -4.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 31,600; -100
- Restaurants & Hotels: 29,600; +400
- Education & Healthcare: 26,000; +200
- Construction, Mining: 19,800; +200
- Business Services: 19,700; +200
- Government: 14,300; +100
- Financial Services: 10,100; no change
- Other Jobs: 9,400; +100
- Manufacturing: 5,500; +100
- IT & Development: 1,400; +100
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.