Florida’s unemployment rate in February remained unchanged from January at 6.2 percent. While the rate is down 1.7 percent from a year ago, the reasons behind the drop remain elusive.
National unemployment numbers continued to trend lower in November showing solid job creation heading into the final month of 2013.
After a day that saw Wall Street hit record highs, the Bureau of Labor Statistics threw some cold water on the nation’s economy with an average unemployment report for the month of July.
Florida added more jobs in the month of June, according to payroll provider ADP. But, the question remains over what kind of jobs are being added and are they full-time, part-time, with benefits, without benefits, etc.
Florida’s seasonally adjusted unemployment rate dropped to 7.1 percent in May 2013 which was the lowest rate seen since September 2008. Overall, unemployment dropped 0.1 percent in the last month according to the seasonally adjusted numbers.
While the job market in South Florida continues to struggle, nationally, the numbers remain positive, but not enough to bring the unemployment rate down.
Republican presidential nominee Mitt Romney’s claim that he will create 12 million jobs is coming under increased scrutiny after the candidate repeatedly used the number in recent debates.
The August unemployment rate in Florida was unchanged from July at 8.8 percent. But, the reason behind the rate holding steady and even dropping in Miami-Dade and Broward County was not from job creation or job market improvement.
Florida’s unemployment numbers have shown positive improvement over the past several months which presents Governor Rick Scott with a double-edged sword.
The latest unemployment numbers painted a bleak picture for job creation in June, which could impact Florida’s unemployment report due later in July.