Overall unemployment rate moved down to 2.2% with the biggest shift in Transportation & Utilities, which lost 500 roles, based on the most recently available information published in April 2022.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 955 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 2.2%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 155 bps below the national rate which is a positive sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in March versus prior month by -0.2% 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: 31,500; -300
- Transportation & Utilities: 29,500; -500
- Education & Healthcare: 24,300; no change
- Business Services: 19,500; no change
- Construction, Mining: 19,100; +400
- Government: 13,400; +100
- Financial Services: 9,500; no change
- Other Jobs: 9,300; no change
- Manufacturing: 5,300; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.