Overall unemployment rate moved up to 2.2% with the biggest shift in Business Services, which lost 1,500 roles, based on the most recently available information published in June 2022.

Total employment in the North Port-Sarasota-Bradenton, FL market rose by 2,788 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 2.2%. The national unemployment rate increased by 4 bps over the same time to 3.4%.

  • North Port-Sarasota-Bradenton, FL unemployment rate is 118 bps below the national rate which is a positive sign.
  • Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in May versus prior month by 16.8% 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 May 2022

For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:

  • Transportation & Utilities: 62,500; -500
  • Education & Healthcare: 60,500; +800
  • Business Services: 50,800; -1,500
  • Restaurants & Hotels: 49,100; +600
  • Government: 31,000; -200
  • Construction, Mining: 28,000; +400
  • Manufacturing: 18,600; no change
  • Financial Services: 16,400; no change
  • Other Jobs: 14,900; -100
  • IT & Development: 3,500; no change
North Port-Sarasota-Bradenton, FL Unemployment by Industry May 2022

Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.