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.
Month over Month Unemployment Change
Year over Year Unemployment Change
Naples-Immokalee-Marco Island, FL Unemployment March 2023

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
Naples-Immokalee-Marco Island, FL Unemployment by Industry March 2023

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.