Tallahassee
at the margin.

## Labor Market Conditions — Tallahassee

Tallahassee's labor market is in equilibrium. Employment growth has been essentially flat over the past year — down just 0.15% compared to the prior year — and that pace is holding steady with no meaningful acceleration or deceleration in either direction. This is a market that is neither adding jobs at a notable clip nor shedding them.

The unemployment picture bears watching. The unemployment rate rose roughly 32% compared to a year ago, which, depending on where it started, could represent a meaningful shift in slack. That rate of increase, sustained over twelve months, suggests workers are taking longer to find positions — or that some employer pullback is working its way through the market gradually rather than in a sharp event. Employment momentum has been flat long enough that this uptick in unemployment is likely reflecting softer demand rather than a sudden shock.