Overall unemployment rate moved down to 2.6% with the biggest shift in Construction, Mining, which lost 300 roles, based on the most recently available information published in November 2022.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 1,258 jobs in September and the unemployment rate decreased compared to the prior month by 20 bps to 2.6%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 72 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in September versus prior month by -9.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 29,100; -100
- Restaurants & Hotels: 27,800; -200
- Education & Healthcare: 24,900; +200
- Construction, Mining: 20,000; -300
- Business Services: 19,800; no change
- Government: 13,200; no change
- Financial Services: 9,600; no change
- Other Jobs: 9,400; -100
- Manufacturing: 5,400; -100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.