Governor DeSantis Announces Pensacola Area Unemployment Rate at 2.7 Percent in May 2023, Holding Steady Over the Year

Pensacola, Fla. — Today, Governor Ron DeSantis announced that the Pensacola area’s unemployment rate was 2.7 percent in May 2023, holding steady over the year. The private sector added jobs in the Pensacola area at a rate of 2.5 percent over the year, an increase of 4,100 jobs. The industry gaining the most jobs was education and health services (+2,100 jobs) over the year in May 2023. Additionally, the Pensacola area’s labor force grew 2.0 percent over the year for a total labor force of 241,876 in May 2023.

In May 2023, Florida’s unemployment rate remains at a low 2.6 percent for the fifth consecutive month as long-term growth continues. In May 2023, Florida’s labor force grew by 246,000 (+2.3 percent) over the year since May 2022, faster than the national labor force growth rate of 1.5 percent during the same time period. Over the month in May 2023, Florida’s labor force grew by 38,000 (+0.3 percent), which is faster than the nation’s labor force growth rate of 0.1 percent during the same time period. As of May 2023, with the exception of October 2022, Florida employers have added jobs for 36 months since May 2020. Florida’s over-the-year private sector job growth rate has exceeded the nation’s for 26 consecutive months. In May 2023, total private sector employment increased by 17,200 over the month, an increase of 0.2 percent from the previous month.

In May 2023, the education and health services sector gained the most jobs among all major industries, adding 8,800 jobs (+0.6 percent) from the previous month, followed by professional and business services with 6,200 jobs (+0.4 percent) and leisure and hospitality, adding 3,700 jobs (+0.3 percent). 

Data from the month of May continues to indicate there are many job opportunities available for Floridians throughout the state, with more than 458,000 jobs posted online. Floridians in search of work and new job opportunities are encouraged to turn to 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 May 2023 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, the Department has provided a video to assist users in explaining the data provided through Florida Insight.

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