Overall unemployment rate stayed flat at 2.8% with the biggest shift in Transportation & Utilities, which lost 700 roles, based on the most recently available information published in August 2022.
Total employment in the Naples-Immokalee-Marco Island, FL market declined by 1,024 jobs in July and the unemployment rate stayed flat. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 98 bps below the national rate which is a positive sign.
- Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 0.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:
- Transportation & Utilities: 29,100; -700
- Restaurants & Hotels: 28,000; -500
- Education & Healthcare: 24,200; +100
- Construction, Mining: 19,900; +200
- Business Services: 19,800; no change
- Government: 12,100; -100
- Financial Services: 9,600; +100
- Other Jobs: 9,400; no change
- Manufacturing: 5,400; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.