Overall unemployment rate moved down to 2.7% with the biggest shift in Business Services, which gained 1,400 roles, based on the most recently available information published in August 2022.

Total employment in the North Port-Sarasota-Bradenton, FL market rose by 1,072 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 2.7%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

  • North Port-Sarasota-Bradenton, FL unemployment rate is 108 bps below the national rate which is a positive sign.
  • Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in July versus prior month by 16.3% 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 July 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

  • Transportation & Utilities: 61,900; -300
  • Education & Healthcare: 60,700; +300
  • Business Services: 51,800; +1,400
  • Restaurants & Hotels: 49,000; +100
  • Construction, Mining: 28,900; +500
  • Government: 28,100; -1,400
  • Manufacturing: 18,800; +100
  • Financial Services: 16,600; no change
  • Other Jobs: 15,200; no change
  • IT & Development: 3,500; no change
North Port-Sarasota-Bradenton, FL Unemployment by Industry July 2022

Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.