Friday, December 20, 2013

Florida Unemployment Rate 6.4%, Brevard County 6.8%

TALLAHASSEE, Florida -- Florida’s seasonally adjusted unemployment rate was 6.4% in November 2013, down 0.3 percentage point over the month, and down 1.6 percentage points from 8.0% a year ago.


“We haven’t experienced an unemployment rate this low in over five years," Florida Governor Scott said.  "We’ve cut taxes, made government more efficient and provided more services to families. The result: we are creating an opportunity economy that supports more than 446,000 new private sector jobs since December 2010." 


Florida’s November rate was the lowest since July 2008 when it also was 6.4%. There were 599,000 jobless Floridians out of a labor force of 9,395,000. The U.S. unemployment rate was 7.0% in November. Florida’s unemployment rate was 0.6 percentage point lower than the U.S. rate and was below the national rate for the ninth consecutive month.


Statewide, Florida’s seasonally adjusted total nonagricultural employment was 7,627,400 in November 2013, an increase of 6,100 jobs (+0.1 percent) over the month. Compared to November a year ago, the number of jobs in the state was up by 183,100, an increase of 2.5 percent. Florida’s annual job growth rate in October and November 2013 was the fastest since June 2006. Nationally, the number of jobs was up 1.7 percent over the year. Florida’s annual job growth rate has exceeded or been equal to the nation’s rate since March 2012.


The number of jobs in Florida was 7,627,400 in November 2013, up 183,100 jobs compared to a year ago. November 2013 was the 40th consecutive month with positive annual job growth after the state lost jobs for over three years. The industry gaining the most jobs was trade, transportation, and utilities (+56,800 jobs, +3.7 percent).


Other industries gaining jobs included professional and business services (+38,700 jobs, +3.6 percent); leisure and hospitality (+29,100 jobs, +2.9 percent); construction (+24,300 jobs, +7.0 percent); private education and health services (+21,800 jobs, +1.9 percent); financial activities (+8,300 jobs, +1.7 percent); manufacturing (+3,300 jobs, +1.0 percent); information (+3,200 jobs, +2.4 percent); and other services (+2,600 jobs, +0.8 percent).



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 November 2013, Monroe County had the state’s lowest unemployment rate (3.7 percent), followed by Walton County (4.0 percent); Okaloosa County (4.5 percent); and Alachua and St. Johns counties (4.9 percent each). Many of the counties with the lowest unemployment rates were those with relatively high proportions of government employment. 


Florida Counties With Highest Unemployment



Hendry County had the highest unemployment rate (11.3 percent) in Florida in November 2013, followed by Flagler County (9.2 percent), Putnam County (8.4 percent), Madison County (8.3 percent), and St. Lucie County (8.2 percent). Hendry County had the highest unemployment rate in the state in November, mainly due to long- term job losses in government employment. Hendry was the only county in Florida with double-digit unemployment in both October and November.



Brevard County Unemployment Rate


The unemployment rate (not seasonally adjusted) on Florida's Space Coast dropped to 6.8% in November 2013 from 8.4% in November 2012, but is still higher than that of the Florida statewide unemployment rate of 6.4% (not seasonally adjusted). Out of a labor force of 265,871, there were 18,114 unemployed Brevard County residents. 



In November 2013, total nonagricultural employment in the Palm Bay-Melbourne-Titusville metro area was 199,800. Total nonagricultural employment increased by 1.6 percent over the year. Statewide employment increased by 2.5 percent over the same time period.


Total nonagricultural employment increased by 3,100 jobs over the year in the Palm Bay-Melbourne-Titusville metro area. Job gains were led by trade, transportation, and utilities (+1,300 jobs). Other industries that gained jobs over the year included mining, logging, construction, and education and health services (+700 jobs each); manufacturing, financial activities, and other services (+200 jobs each); and government (+100 jobs). Industries reporting job losses included professional and business services (-200 jobs) and leisure and hospitality (-100 jobs). Information remained unchanged over the year.


The annual job growth rates for mining, logging, and construction (+8.0 percent); financial activities (+2.6 percent); other services (+2.5 percent); education and health services (+2.1 percent) exceeded the state rates.


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