Overall unemployment rate stayed flat at 3.1% with the biggest shift in Transportation & Utilities, which gained 200 roles, based on the most recently available information published in December 2022.
Total employment in the Sebastian-Vero Beach, FL market rose by 42 jobs in October and the unemployment rate stayed flat. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- Sebastian-Vero Beach, FL unemployment rate is 30 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 14% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Education & Healthcare: 11,300; +100
- Transportation & Utilities: 11,100; +200
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.