Overall unemployment rate moved down to 2.5% with the biggest shift in Government, which gained 900 roles, based on the most recently available information published in November 2022.
Total employment in the Pensacola-Ferry Pass-Brent, FL market rose by 1,928 jobs in September and the unemployment rate decreased compared to the prior month by 20 bps to 2.5%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Pensacola-Ferry Pass-Brent, FL unemployment rate is 82 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 11.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 36,100; no change
- Education & Healthcare: 31,900; no change
- Business Services: 28,400; no change
- Government: 27,500; +900
- Restaurants & Hotels: 25,800; -400
- Financial Services: 16,400; no change
- Construction, Mining: 13,700; +100
- Manufacturing: 7,300; no change
- Other Jobs: 7,200; -100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.