Overall unemployment rate moved down to 2.3% with the biggest shift in Business Services, which gained 1,200 roles, based on the most recently available information published in June 2023.

Total employment in the North Port-Sarasota-Bradenton, FL market declined by 260 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 2.3%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.

  • North Port-Sarasota-Bradenton, FL unemployment rate is 80 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) grew in April versus prior month by 5.1% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
North Port-Sarasota-Bradenton, FL Unemployment April 2023

For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:

  • Transportation & Utilities: 64,100; -600
  • Education & Healthcare: 59,800; -800
  • Restaurants & Hotels: 51,100; -1,100
  • Business Services: 47,400; +1,200
  • Construction, Mining: 30,200; +100
  • Government: 26,600; +100
  • Manufacturing: 19,000; -100
  • Financial Services: 17,900; -100
  • Other Jobs: 15,000; no change
  • IT & Development: 4,100; -100
North Port-Sarasota-Bradenton, FL Unemployment by Industry April 2023

Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.