Overall unemployment rate moved up to 2.9% with the biggest shift in Education & Healthcare, which gained 200 roles, based on the most recently available information published in June 2022.
Total employment in the Sebastian-Vero Beach, FL market rose by 428 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 2.9%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Sebastian-Vero Beach, FL unemployment rate is 48 bps below the national rate which is a positive sign.
- Unemployment in the market is 190 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 7.5% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 11,100; -100
- Education & Healthcare: 11,100; +200
- Restaurants & Hotels: 8,000; -200
- Business Services: 6,700; no change
- Government: 5,200; +100
- Construction, Mining: 4,700; no change
- Financial Services: 3,000; no change
- Other Jobs: 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 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.