Overall unemployment rate stayed flat at 2.6% with the biggest shift in Business Services, which gained 900 roles, based on the most recently available information published in April 2023.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 2,257 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 129 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 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 4.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 35,200; -100
- Education & Healthcare: 33,300; +600
- Government: 29,000; +500
- Restaurants & Hotels: 27,000; +300
- Business Services: 26,300; +900
- Financial Services: 16,900; -200
- Construction, Mining: 13,300; no change
- Other Jobs: 7,100; no change
- Manufacturing: 6,900; no change
- IT & Development: 1,800; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.