Overall unemployment rate stayed flat at 3.4% with the biggest shift in Business Services, which lost 700 roles, based on the most recently available information published in March 2022.
Total employment in the Pensacola-Ferry Pass-Brent, FL market declined by 7,405 jobs in January and the unemployment rate stayed flat. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 103 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 15.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.0%. Key sectors include:
- Transportation & Utilities: 36,300; -600
- Education & Healthcare: 30,800; -200
- Government: 27,600; +100
- Business Services: 26,200; -700
- Restaurants & Hotels: 24,400; -500
- Financial Services: 15,900; no change
- Construction, Mining: 12,800; no change
- Manufacturing: 7,100; -100
- Other Jobs: 6,800; no change
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.