Saturday, November 19, 2011

Brevard County Loses Most Jobs In Florida; Unemployment at 11.2%

Brevard County suffered the most job losses of any county in Florida during the last year according data released today by the Florida Department of Economic Opportunity.

The Palm Bay - Melbourne - Titusville metro area lost 4,200 jobs during the last year, or 2.2% of all available jobs in the local area.
Brevard County's unemployment rate dipped slightly to 11.2% in October 2011 versus 11.6% in September 2011.  A year ago, Brevard's unemployment rate was 11.9% in October 2010.

Statewide, Florida's seasonally-adjusted unemployment rate was 10.3% in October 2011 versus 11.8% in October 2010.

Neighboring Orange county saw some of the highest job growth, adding 8,800 jobs which were mostly in the tourism industry.

U-6, which is a broader measure total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force, has not yet been released for Brevard County, Florida.

The U-6 for the State of Florida averaged 19.3% for 2010, while the often cited U-4 averaged 12.4%, a difference of nearly 7%.