Overall unemployment rate moved down to 2.8% with the biggest shift in Business Services, which gained 1,600 roles, based on the most recently available information published in April 2022.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 2,789 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 2.8%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 134 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 17.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Transportation & Utilities: 64,100; +700
- Education & Healthcare: 59,600; +600
- Business Services: 52,800; +1,600
- Restaurants & Hotels: 47,300; +1,100
- Government: 30,900; +100
- Construction, Mining: 27,700; +500
- Manufacturing: 18,400; +200
- Financial Services: 16,500; no change
- Other Jobs: 14,800; +100
- IT & Development: 3,600; +100
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.