Overall unemployment rate moved down to 2.7% with the biggest shift in Business Services, which gained 4,000 roles, based on the most recently available information published in August 2022.

Total employment in the Tampa-St. Petersburg-Clearwater, FL market rose by 7,964 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 2.7%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

  • Tampa-St. Petersburg-Clearwater, FL unemployment rate is 108 bps below the national rate which is a positive sign.
  • Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in July versus prior month by 5% and are up 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 July 2022

For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:

  • Business Services: 274,600; +4,000
  • Transportation & Utilities: 274,500; +1,600
  • Education & Healthcare: 222,500; +2,300
  • Restaurants & Hotels: 168,800; -800
  • Government: 142,400; -1,900
  • Financial Services: 136,700; +1,000
  • Construction, Mining: 87,600; +200
  • Manufacturing: 71,700; -300
  • Other Jobs: 49,800; +1,200
  • IT & Development: 28,000; +200
Tampa-St. Petersburg-Clearwater, FL Unemployment by Industry July 2022

Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.