Overall unemployment rate moved down to 2.4% with the biggest shift in Business Services, which lost 1,100 roles, based on the most recently available information published in April 2022.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 1,007 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 2.4%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 135 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 21.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Transportation & Utilities: 64,200; +200
- Education & Healthcare: 59,500; -300
- Business Services: 51,600; -1,100
- Restaurants & Hotels: 47,000; no change
- Government: 31,200; +200
- Construction, Mining: 27,500; -200
- Manufacturing: 18,600; +200
- Financial Services: 16,600; +100
- Other Jobs: 14,800; no change
- IT & Development: 3,500; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.