Which industries are growing and which are declining? – Employment & unemployment are important factors affecting the office market. 

The Tampa area unemployment rate declined again this month, showing an improvement month-over-month from 6.8% in August to 6.1% in September, a decline of 0.7 percentage points.

? Two major industries gained jobs YOY in September:

• The Government sector gained +2,400 jobs

• The Manufacturing industry gained +800 jobs

? The industries losing the most jobs YOY in September:

• The Leisure & Hospitality industry lost -34,200 jobs

• The Professional & Business Services sector lost -12,600 jobs

The Florida unemployment rate was 7.6% for the month of September, up 0.3 percentage points from August. The number of private-sector jobs increased 36,100, up 0.5 percent from August 2020. Florida’s labor force was down 2,000 (-less than 0.1 percent) over the month

To get a full summary of Tampa’s MSA employment & unemployment for September 22020, download the one-sheet Tampa Employment Growth Report, or connect with me directly to ask how the current employment & unemployment situation can affect/benefit you!