Overall unemployment rate moved up to 2.7% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in May 2023.

Total employment in the North Port-Sarasota-Bradenton, FL market rose by 3,686 jobs in March and the unemployment rate increased compared to the prior month by 10 bps to 2.7%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.

  • North Port-Sarasota-Bradenton, FL unemployment rate is 92 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 March versus prior month by 5.3% and are down 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 March 2023

For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:

  • Transportation & Utilities: 64,600; +200
  • Education & Healthcare: 61,100; -400
  • Restaurants & Hotels: 52,300; +1,200
  • Business Services: 46,100; -400
  • Construction, Mining: 30,100; +200
  • Government: 26,500; +100
  • Manufacturing: 19,100; +200
  • Financial Services: 18,000; no change
  • Other Jobs: 15,000; no change
  • IT & Development: 4,200; no change
North Port-Sarasota-Bradenton, FL Unemployment by Industry March 2023

Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.