Overall unemployment rate moved down to 2.6% with the biggest shift in Restaurants & Hotels, which gained 2,600 roles, based on the most recently available information published in January 2022.
Total employment in the North Port-Sarasota-Bradenton, FL market rose by 984 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 2.6%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- North Port-Sarasota-Bradenton, FL unemployment rate is 76 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 November versus prior month by 11.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.9% . Key sectors include:
- Transportation & Utilities: 64,200; +2,100
- Education & Healthcare: 62,200; +100
- Business Services: 50,200; +200
- Restaurants & Hotels: 48,600; +2,600
- Government: 31,700; +400
- Construction, Mining: 29,000; +400
- Manufacturing: 18,700; +100
- Financial Services: 17,000; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.