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.
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
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.