Jobs and unemployment are important factors shaping the office sector.
Increasing numbers of jobs indicated an increased need for office space, while higher numbers of unemployment show the potential for a decreased need. Here are the latest unemployment numbers for your consideration.
The Tampa area unemployment rate was 6.8% in August, up 3.5 percentage points YOY
In August, two main sectors gained YOY jobs: Government (+3,100); and Construction (+1,400)
The industries losing the most jobs YOY: Leisure & Hospitality (-34,400 jobs) & Professional & Business Services (-10,300 jobs)
For the month of August, the Florida State Unemployment Rate was 7.4%, down 4.0 percentage points from July.
Up 0.6% from July 2020, The number of private-sector jobs increased by +46,000.
Statewide, the Florida labor force was up 143,000 (+1.4%) jobs during the month of August.
For a complete overview of which job sectors are growing & which are declining in the Tampa-St. Petersburg-Clearwater area download the full report here