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Despite loss of 2,600 jobs, Florida's unemployment rate continues to fall

From the Tampa Bay Times' Jeff Harrington:

Florida lost 2,600 jobs in January, led by workforce drops in retail, hotels, restaurants and healthcare.

The reversal came even as the state's unemployment rate continued to fall, dropping from an upwardly adjusted 6.3 percent in December to 6.1 percent in January.

Florida Gov. Rick Scott, who is in Orlando this morning, announced the news via a Twitter link to a brief YouTube video. In the clip, he touted that unemployment has fallen to its lowest level since June 2008. But Scott made no mention of the retraction in jobs.

The unemployment rate and jobs numbers don't always mesh, in part because they're drawn from two different surveys. The jobless rate is taken from a household survey measuring people who say they either have a job or are actively looking for one. The jobs number comes from employers.

Read more here.

Comments

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mrs. jenkins

didn't you teaheads know Dick Scott was gonna create 700,000 new jobs? LOL!

Ed Jenkins

The citizens are incredibly grateful that they have by luck ended up with this Scott who they initially doubted as a political novice but now has won them over with his exemplary fiscal stewardship. This democrat primary voter is embarrassed to admit that he played no part in this great result as he sat out the governor election faced with what appeared to be two bad choices. This scott may have appeared to make a bold prediction on new payroll growth in the state but those with knowledge of economics know that an economy with fundamentals such as ours - population growth coupled with private sector productivity growth and innovation can expect a certain amount of growth on average and that growth will be achieved if there is no government interference. This scott has proven correct in his predictions as we have seen approximately his growth forecast since government interference from the scumbag crist ended.

Bill Thompson

The primary reason why the rate dropped is that people are dropping out of the workforce and not looking for work. The labor participation rate is dropping.

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