Friday, July 19, 2013

Florida Unemployment Rate Unchanged At 7.1%

TALLAHASSEE, Florida --  Statewide, Florida’s seasonally adjusted unemployment rate remained unchanged at 7.1% in June 2013, according to figures released by the Florida Department of Economic Opportunity today.  There were 665,000 jobless Floridians out of a labor force of 9,416,000 in June.  Florida’s unemployment rate was a half-of-a-percentage point lower than the U.S. June unemployment rate of 7.6%,

The industry gaining the most jobs in Florida compared to a year ago was trade, transportation, and utilities (+40,700 jobs, +2.6%).  Other industries gaining jobs included private education and health services (+23,300 jobs, +2.1%); leisure and hospitality (+ 23,100 jobs, + 2.3%); professional and business services (+ 20,9 00 jobs, + 2.%); construction (+ 12,2 00 jobs, + 3.6%); financial activities (+8,100 jobs, +1.6%); information (+1,800 jobs, +1.3%); and other services (+ 1,1 00 jobs, + 0.4%).

These industry job gains were partially due to in creases in food and beverage stores; ambulatory health care services; food services and drinking places; employment services; specialty trade contractors; real estate; and membership associations and organizations.

All numbers released are known as U-3, which consists of total unemployed, as a percent of the civilian labor force.

Florida Counties With Lowest Unemployment

In June 2013, Monroe County (4.1 percent) had the state’s lowest unemployment rate, followed by Walton County (4.2 percent), Okaloosa County (5.1 percent), Franklin County (5.5 percent), and St. Johns County (5.6 percent).

Many of the counties with the lowest unemployment rates were those with relatively high proportions of government employment. Seasonal tourism also was a contributing factor.

Florida Counties With Highest Unemployment

Hendry County had the highest unemployment rate (13.5 percent) in Florida in June 2013, followed by Flagler County (10.2 percent), St. Lucie County (10.1 percent), Putnam County (9.7 percent), and Dixie County (9.5 percent).

Hendry County had the highest unemployment rate in the state in June due to seasonal declines in agriculture and long-term job losses in state government. There were three Florida counties with double-digit unemployment last month, up from one in May.

Brevard County Unemployment

Brevard County's unemployment rate rose to 7.8% in June from 7.4% in May 2013.  The Space Coast unemployment rate continues to remain higher than that of the Florida statewide rate.  June's Brevard County unemployment rate is 1.7 percentage points lower from a year ago.

The reason for the increase in Brevard County unemployment was that the increase in the labor force  (272,074 in June versus 270,363 in May) outpaced the slight increase in jobs (250,859 in June versus 250,309 in May).  There were 21,215 unemployed Brevard County residents in June.

Job gains on the Space Coast over the last year were led by professional and business services (+1,900 jobs), followed by mining, logging, construction, and education and health services at (+600 jobs each).  Manufacturing was the only industry to lose the most jobs at (-300), followed by trade, transportation, and utilities (-200) and information (-100).


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