Overall unemployment rate moved down to 3.4% with the biggest shift in Government, which gained 500 roles, based on the most recently available information published in September 2022.
Total employment in the Sebastian-Vero Beach, FL market rose by 226 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 3.4%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Sebastian-Vero Beach, FL unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 10.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 11,100; +100
- Transportation & Utilities: 11,000; no change
- Restaurants & Hotels: 8,000; -100
- Business Services: 6,700; no change
- Government: 5,200; +500
- Construction, Mining: 4,600; -100
- Other Jobs: 3,100; no change
- Financial Services: 3,000; no change
- Manufacturing: 2,200; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.