Unemployment, Total Employment, and Labor Force statistics in Northwest Florida and Gulf Shores Alabama
Unemployment is defined as individuals who are jobless, actively seeking work, and available to take a job. People who are unable to work, such as individuals with restrictive disabilities or those who have not looked for a job in the past four weeks are not included. The unemployment rate is then calculated using the number of unemployed individuals divided by the total individuals in the labor force, multiplied by 100. (Unemployed / Labor Force) X 100
People are classified as employed if they met any of the following criteria:
- Worked at least 1 hour as a paid employee
- Worked at least 1 hour in their own profession or trade
- Were temporarily absent from their job
- Worked without pay for a minimum of 15 hours for a business owned by a family member
The labor force is calculated by adding the total number of unemployed individuals to the total number of employed individuals.