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.
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
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.