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.
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
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.