The state of Florida saw a fourth straight month of stagnant job growth in the month of August with the unemployment rate ticking down from 7.1 percent to 7.0 percent.
Florida’s unemployment rate dropped for a second-straight month to 7.5 percent which was the lowest the rate has been since October 2008 when it was 7.4 percent.
The American economy sputtered in March with just 88,000 new jobs created. That was a large drop-off from the previous month’s 268,000 new jobs added to the workforce.
The eagerly awaited October jobs numbers from the Labor Department were released on schedule Friday and showed 171,000 jobs added in October with the unemployment ticking a notch higher to 7.9 percent.
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 September jobs report gave President Barack Obama some good news on the economic front a month before the election and it’s spawned a conspiracy theory among conservatives, including Florida Representative Allen West.
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.