Overall unemployment rate stayed flat at 3.0% with the biggest shift in Construction, Mining, which gained 100 roles, based on the most recently available information published in May 2023.
Total employment in the Sebastian-Vero Beach, FL market rose by 526 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Sebastian-Vero Beach, FL unemployment rate is 62 bps below the national rate which is a positive sign.
- Unemployment in the market is 30 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in March versus prior month by -4.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 11,500; no change
- Education & Healthcare: 11,200; no change
- Restaurants & Hotels: 8,600; no change
- Business Services: 7,300; no change
- Government: 5,100; no change
- Construction, Mining: 4,900; +100
- Financial Services: 3,100; no change
- Other Jobs: 2,900; no change
- Manufacturing: 2,500; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.