Overall unemployment rate moved down to 2.6% with the biggest shift in Education & Healthcare, which gained 900 roles, based on the most recently available information published in April 2023.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 1,831 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 2.6%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 129 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 February versus prior month by 6.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 64,400; no change
- Education & Healthcare: 61,500; +900
- Restaurants & Hotels: 50,700; -700
- Business Services: 46,300; +300
- Construction, Mining: 29,900; +500
- Government: 26,400; +200
- Manufacturing: 18,800; +100
- Financial Services: 18,000; +100
- Other Jobs: 15,000; no change
- IT & Development: 4,200; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.