FloridaCommerce Announces the Pensacola Area March 2024 Employment Data

FloridaCommerce Announces Pensacola Metro Area Private Sector
Employment Increased by 1.6 Percent Over the Year in March 2024

PENSACOLA, Fla. — Today, FloridaCommerce announced the Pensacola metro area private sector employment increased by 1.6 percent (+2,800 jobs). The Pensacola area labor force increased by 4,242, a 1.8 percent increase over the year in March 2024. The industries gaining the most jobs over the year were education and health services, increasing by 1,200 jobs; and government, increasing by 1,100 jobs. The Pensacola area’s unemployment rate was 3.5 percent in March 2024, a 0.8 percentage point increase from the March 2023 rate of 2.7 percent.

Florida’s private sector job growth rate continues to outpace the nation. Florida’s private sector job growth rate increased by 2.1 percent (+179,800 jobs) over the year in March 2024, faster than the national rate of 1.7 percent. Florida employers have added jobs in 45 of the last 47 months since May 2020.

In March, the education and health services sector gained the most jobs among all major industries, adding 12,500 jobs (+0.8 percent) from the previous month, followed by construction, adding 3,600 jobs (+0.6 percent). The national unemployment rate was 3.8 percent for March 2024, 0.6 percentage point higher than Florida’s rate of 3.2 percent. Florida’s unemployment rate has been lower than the national rate for 41 consecutive months.

Data in the month of March continues to indicate there are many job opportunities available for every Floridian who wants to work, with more than 444,000 jobs posted online. Floridians in search of work and new job opportunities can utilize the CareerSource Florida network for help. Floridians can find guidance on how to register with Employ Florida and search listings of available local job openings. Career seekers also can improve their employability by perfecting resume writing and interviewing skills, establishing career goals, and pursuing customized career training. These services are provided at no cost to job seekers. 

To view the March 2024 jobs reports by region, please see below: 

•    Fort Lauderdale
•    Jacksonville
•    Miami
•    Orlando
•    Pensacola
•    Southwest Florida
•    Tampa
•    West Palm Beach

To view March 2024 employment data, visit: www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

Visit Florida Insight for more information on labor market and economic data. Additionally, FloridaCommerce has provided a video to assist users in explaining the data provided through Florida Insight.

###