Overall unemployment rate moved down to 2.7% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in January 2022.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 613 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 2.7%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 66 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in November versus prior month by -8.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Transportation & Utilities: 30,600; +700
- Restaurants & Hotels: 29,800; +1,200
- Education & Healthcare: 25,400; +100
- Construction, Mining: 20,000; no change
- Business Services: 19,900; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.