Overall unemployment rate moved down to 2.3% with the biggest shift in Restaurants & Hotels, which gained 600 roles, based on the most recently available information published in June 2022.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 2,396 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 2.3%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 104 bps below the national rate which is a positive sign.
- Unemployment in the market is 200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 13.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 36,300; -300
- Education & Healthcare: 31,500; +400
- Government: 28,200; +300
- Business Services: 26,800; +200
- Restaurants & Hotels: 25,900; +600
- Financial Services: 16,300; +300
- Construction, Mining: 13,000; no change
- Manufacturing: 7,300; +100
- Other Jobs: 7,000; +100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.