As the economy continues to teeter towards a double-dip recession, the unemployment problem in Florida remains stagnant. July’s unemployment rate for the state stood at 10.7 percent, which was unchanged from June.
Each month, much fanfare is given to the release of unemployment numbers. But it turns out; the devil is in the details when trying to figure out the true unemployment rate for a city like Miami.
Florida’s unemployment rate followed the national numbers and showed a significant drop in the past month. Florida’s rate dropped from 11.9 percent in January to 11.5 percent in February.