Overall unemployment rate moved down to 2.1% with the biggest shift in Restaurants & Hotels, which gained 1,400 roles, based on the most recently available information published in June 2022.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 2,288 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 2.1%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 124 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) grew in April versus prior month by 19.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 63,100; -1,100
- Education & Healthcare: 59,700; +200
- Business Services: 51,900; +700
- Restaurants & Hotels: 48,400; +1,400
- Government: 31,200; no change
- Construction, Mining: 27,600; -100
- Manufacturing: 18,600; no change
- Financial Services: 16,400; -100
- Other Jobs: 15,000; +200
- IT & Development: 3,400; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.