Overall unemployment rate moved up to 2.4% with the biggest shift in Government, which lost 1,400 roles, based on the most recently available information published in June 2022.

Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 335 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 2.4%. The national unemployment rate increased by 4 bps over the same time to 3.4%.

  • Pensacola-Ferry Pass-Brent, FL unemployment rate is 98 bps below the national rate which is a positive sign.
  • Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in May versus prior month by 12.2% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Pensacola-Ferry Pass-Brent, FL Unemployment May 2022

For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:

  • Transportation & Utilities: 36,200; -200
  • Education & Healthcare: 31,400; no change
  • Business Services: 26,900; +200
  • Government: 26,700; -1,400
  • Restaurants & Hotels: 26,000; +100
  • Financial Services: 16,200; -100
  • Construction, Mining: 13,100; no change
  • Manufacturing: 7,300; +100
  • Other Jobs: 7,000; no change
  • IT & Development: 1,600; no change
Pensacola-Ferry Pass-Brent, FL Unemployment by Industry May 2022

Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.