Overall unemployment rate moved down to 2.9% with the biggest shift in Education & Healthcare, which gained 4,400 roles, based on the most recently available information published in April 2022.

Total employment in the Tampa-St. Petersburg-Clearwater, FL market rose by 5,321 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 2.9%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.

  • Tampa-St. Petersburg-Clearwater, FL unemployment rate is 124 bps below the national rate which is a positive sign.
  • Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in February versus prior month by 10.2% and are equal compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Tampa-St. Petersburg-Clearwater, FL Unemployment February 2022

For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:

  • Transportation & Utilities: 272,800; +1,300
  • Business Services: 271,000; +1,800
  • Education & Healthcare: 221,300; +4,400
  • Restaurants & Hotels: 158,100; +1,900
  • Government: 154,500; +500
  • Financial Services: 136,500; +3,700
  • Construction, Mining: 88,500; +2,400
  • Manufacturing: 70,100; +100
  • Other Jobs: 45,300; -300
  • IT & Development: 28,000; +300
Tampa-St. Petersburg-Clearwater, FL Unemployment by Industry February 2022

Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.