Overall unemployment rate moved down to 2.7% with the biggest shift in Government, which gained 1,300 roles, based on the most recently available information published in September 2022.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 521 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 2.7%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 109 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 12.5% 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: 36,000; +100
- Education & Healthcare: 31,800; +100
- Business Services: 28,600; +200
- Government: 26,600; +1,300
- Restaurants & Hotels: 26,000; -500
- Financial Services: 16,500; +200
- Construction, Mining: 13,700; +200
- Manufacturing: 7,400; +100
- Other Jobs: 7,300; +100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.