Overall unemployment rate moved down to 3.0% with the biggest shift in Restaurants & Hotels, which gained 500 roles, based on the most recently available information published in April 2022.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 89 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 3.0%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 114 bps below the national rate which is a positive sign.
- Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 16.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 36,500; +300
- Education & Healthcare: 31,100; +300
- Government: 27,900; +100
- Business Services: 25,400; +100
- Restaurants & Hotels: 25,000; +500
- Financial Services: 15,800; -100
- Construction, Mining: 12,900; +200
- Manufacturing: 7,200; +100
- Other Jobs: 6,800; no change
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.