Overall unemployment rate moved up to 2.9% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in March 2022.
Total employment in the Naples-Immokalee-Marco Island, FL market declined by 6,149 jobs in January and the unemployment rate increased compared to the prior month by 20 bps to 2.9%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 153 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 2.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Restaurants & Hotels: 31,000; -200
- Transportation & Utilities: 30,000; -400
- Education & Healthcare: 24,100; +100
- Business Services: 19,500; +300
- Construction, Mining: 18,200; -100
- Government: 13,300; no change
- Financial Services: 9,500; no change
- Other Jobs: 9,200; no change
- Manufacturing: 5,200; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.