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Florida unemployment drops to 6.4%, labor force continues to shrink

From the Tampa Bay Times' Jeff Harrington:

Florida's unemployment rate fell dramatically to 6.4 percent in November, down from 6.7 percent in October and 8 percent a year ago.

Nationwide, only North Carolina and New Jersey have had a greater percentage point drop in the their jobless rate over the year.

The state added a net 6,100 jobs between October and November, state officials said Friday.

Once again, Tampa Bay led all Florida metros in adding 39,300 jobs year over year, while its unemployment rate fell to 6.2 per cent. Pinellas and Hillsborough counties boasted the lowest jobless rates in the region at 6 percent while Hernando remained at the other end of the spectrum at 7.7 percent.

"We haven't experienced an unemployment rate this low in over five years," said Florida Gov. Rick Scott, who was in Winter Park this morning to release the latest jobs report. "Today's news is great, but we're not finished."

After suffering deeper job losses than most of the country and initially lagging in recovery, Florida's economic rebound has gained steam this year. The national unemployment rate stood at 7 percent in November.

The recovery, however, continues to mask a growing problem of jobless who have at least temporarily given up looking for work and are no longer counted in unemployment statistics. Over the past year, Florida's working-age population of 16-and-up, non-institutional residents has grown by 214,000 but the size of its labor force shrunk by 9,000.

Read more here.

Comments

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miamimom

These states are led by Republican Governors, no surprise there, they are doing what they said they would do if elected. Imagine if the country had elected another former Republican governor as President?

Anti-Tallahassee

If the Democrats were in power and these SAME numbers were reported, Republicans would be screaming about the shrinking labor force and the non-participation rate. However, since the Republicans are in control, they act like this is great news. The unemployment rate is easily north of 12%, and Republican policies encourage people to drop out of the labor market. What happens then? They go on disability, welfare, etc...

ed jenkins

The citizens continue to see the results of the business friendly environment created by our current governor which is in sharp contrast to the horrible situation that was left by the scumbag crist. While the governor does not have any direct control over employment, his low tax and regulatory attitude rather than interfering causes more businesses to be attracted. For this the citizens are thankful that they have Scott who they initially doubted as a political novice but has now won them over.

Johnny Dollar

Who has won what over?

Give em hell Charlie!

Indie Thinker

Note to Johnny: Ed's a parody. You're supposed to laugh at him.

lj

Volusia county is a TRANSIENT little dirtbag town that has no REAL JOBS! The jobs being offered are low wage and for 15 hours a week! and that's the truth what is being offered for someone with a four year bachelors degree! they won;t hire someone with NO EXPERIENCE and alot work for free as volunteer in this idiotic town! get your facts right florida!

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