Overall unemployment rate moved up to 2.6% with the biggest shift in Transportation & Utilities, which lost 1,000 roles, based on the most recently available information published in March 2023.
Total employment in the Pensacola-Ferry Pass-Brent, FL market declined by 1,526 jobs in January and the unemployment rate increased compared to the prior month by 30 bps to 2.6%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 126 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 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 3.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.8%. Key sectors include:
- Transportation & Utilities: 35,300; -1,000
- Education & Healthcare: 32,800; -100
- Government: 28,500; +300
- Restaurants & Hotels: 26,600; -100
- Business Services: 25,400; -500
- Financial Services: 17,100; no change
- Construction, Mining: 13,400; no change
- Other Jobs: 7,100; -100
- Manufacturing: 7,000; -100
- IT & Development: 1,800; no change
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.