As shown on the graph above, Sarasota County enjoys a low unemployment rate. This is a measure of success for our region. The tight labor market makes hiring new employees difficult. Wages are growing as business competes to hire new employees.
The graph also shows the difficult time during the early stages of the Covid epidemic.
Source: U.S. Bureau of Labor Statistics
Release: Unemployment in States and Local Areas (all other areas)
These data come from the Current Population Survey (CPS), also known as the household survey.
Civilian Labor Force includes all persons in the civilian noninstitutional population ages 16 and older classified as either employed or unemployed.
U.S. Bureau of Labor Statistics, Unemployment Rate in Sarasota County, FL [FLSARA5URN], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FLSARA5URN, January 22, 2023.