Overall unemployment rate moved down to 2.4% with the biggest shift in Construction, Mining, which gained 200 roles, based on the most recently available information published in May 2023.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 1,449 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 2.4%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 122 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 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 -4.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 31,500; no change
- Restaurants & Hotels: 29,400; -100
- Education & Healthcare: 25,900; -100
- Business Services: 20,600; +100
- Construction, Mining: 20,200; +200
- Government: 14,300; no change
- Financial Services: 10,100; no change
- Other Jobs: 9,400; no change
- Manufacturing: 5,500; no change
- IT & Development: 1,400; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.