Overall unemployment rate stayed flat at 3.1% with the biggest shift in Business Services, which gained 1,800 roles, based on the most recently available information published in March 2022.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 1,282 jobs in January and the unemployment rate stayed flat. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 133 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 16.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 63,400; -1,100
- Education & Healthcare: 59,100; +1,500
- Business Services: 51,700; +1,800
- Restaurants & Hotels: 47,000; +1,200
- Government: 30,800; no change
- Construction, Mining: 27,100; -800
- Manufacturing: 18,200; -100
- Financial Services: 16,600; -100
- Other Jobs: 14,700; no change
- IT & Development: 3,500; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.