RWB 18 Overview of the CareerSource Suncoast Region Not Seasonally Adjusted June 19, 2015 The unemployment rate in the CareerSource Suncoast region (Manatee and Sarasota counties) was 5.2 percent in May 2015. The region’s jobless rate was down 0.6 percentage point from 5.8 percent a year ago and 0.4 percentage point lower than the state rate of 5.6 percent. Out of a labor force of 336,671, there were 17,442 unemployed residents in the region. Sarasota County (5.2 percent) had the highest unemployment rate in the two-county region. The unemployment rate in Manatee County was 5.1 percent. Nonagricultural employment in the North Port-Sarasota-Bradenton metro area was 277,400 in May 2015, an increase of 3.4 percent from a year ago. Statewide, employment was up 3.4 percent from May 2014 to May 2015. The metro area gained 9,000 jobs over the year, led by professional and business services (+2,400 jobs). Other major industries gaining jobs included trade, transportation, and utilities (+2,200 jobs); leisure and hospitality (+1,700 jobs); education and health services (+900 jobs); manufacturing (+600 jobs); mining, logging, and construction and government (both +400 jobs); other services (+300 jobs); and information (+100 jobs). Financial activities was unchanged in the metro area. The metro area’s over-the-year growth rates in professional and business services (+6.3 percent); trade, transportation, and utilities (+4.2 percent), manufacturing (+4.0 percent); information (3.0 percent) and government (1.5 percent) were stronger than the statewide growth rates in these industries. Financial activities was unchanged in the metro area but lost jobs statewide. Note: All data are subject to revision. Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. RWB 18 Unemployment Rates (%) (not seasonally adjusted) CareerSource Suncoast Manatee County Sarasota County Florida United States May-15 5.2 5.1 5.2 5.6 5.3 Apr-15 4.9 4.8 5.0 5.3 5.1 May-14 5.8 5.7 5.9 6.3 6.1 North Port-Sarasota-Bradenton Metropolitan Statistical Area Nonagricultural Employment by Industry (not seasonally adjusted) Total Employment Mining, Logging, and Construction Manufacturing Trade, Transportation, and Utilities Wholesale Trade Retail Trade Transportation, Warehousing, and Utilities Information Financial Activities Professional and Business Services Education and Health Services Leisure and Hospitality Other Services Government Population CareerSource Suncoast Manatee County Sarasota County Florida Average Annual Wage CareerSource Suncoast Manatee County Sarasota County Florida Florida May-14 268,400 18,800 15,200 52,700 7,900 40,000 4,800 3,300 14,300 37,900 48,100 39,100 11,900 27,100 change 9,000 400 600 2,200 300 1,600 300 100 0 2,400 900 1,700 300 400 percent change 3.4 2.1 4.0 4.2 3.8 4.0 6.3 3.0 0.0 6.3 1.9 4.4 2.5 1.5 2014 2013 726,685 719,172 339,545 333,880 387,140 385,292 19,507,369 19,259,543 change 7,513 5,665 1,848 247,826 percent change 1.0 1.7 0.5 1.3 change $892 $623 $1,041 $1,152 percent change 2.3 1.7 2.6 2.6 May-15 277,400 19,200 15,800 54,900 8,200 41,600 5,100 3,400 14,300 40,300 49,000 40,800 12,200 27,500 2014 $40,069 $37,936 $41,605 $44,803 2013 $39,177 $37,313 $40,564 $43,651 Note: All data are subject to revision. Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. May-15 8,095,600 427,900 334,800 1,667,800 335,300 1,070,800 261,700 135,700 538,400 1,203,500 1,207,400 1,146,600 340,300 1,093,200 May-14 7,828,300 399,300 330,300 1,611,600 328,000 1,030,800 252,800 135,900 520,300 1,163,300 1,159,600 1,095,900 324,600 1,087,500 change 267,300 28,600 4,500 56,200 7,300 40,000 8,900 -200 18,100 40,200 47,800 50,700 15,700 5,700 percent change 3.4 7.2 1.4 3.5 2.2 3.9 3.5 -0.2 3.5 3.5 4.1 4.6 4.8 0.5
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