Overall unemployment rate moved up to 2.8% with the biggest shift in Restaurants & Hotels, which lost 1,200 roles, based on the most recently available information published in August 2022.
Total employment in the Naples-Immokalee-Marco Island, FL market declined by 2,099 jobs in June and the unemployment rate increased compared to the prior month by 70 bps to 2.8%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 104 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in June versus prior month by -0.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Transportation & Utilities: 29,800; +300
- Restaurants & Hotels: 28,400; -1,200
- Education & Healthcare: 24,200; -100
- Business Services: 19,800; no change
- Construction, Mining: 19,700; +500
- Government: 12,200; -1,200
- Financial Services: 9,600; +100
- Other Jobs: 9,400; +100
- Manufacturing: 5,400; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.