Employment Growth Trends in the Tampa-St. Pete-Clearwater MSA

Employment Growth Trends in the Tampa-St. Pete-Clearwater MSA

Tampa Employment ReportJobs 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


About the Author
John Milsaps, a Senior Advisor at SVN Commercial Advisory Group, specializes in landlord and seller representation in Tampa's professional office and healthcare real estate sectors. His expertise in commercial office space makes him a trusted advocate for clients seeking strategic real estate solutions.