Florida’s unemployment rate is now higher than the national rate.
Many Floridians have a little more money in their bank accounts according to a new analysis by state economists. While it appears Florida’s economy is showing signs of continued recovery, state economists pointed out some problems.
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.
Florida officials announced Monday the state’s unemployment rate had dropped to 6.1 percent in January, down 0.2 percent from December and nearly two percent from a year ago.
The state of Florida will be releasing the unemployment numbers for the month of December Friday morning and it could give a boost to Governor Rick Scott while also posing a tricky political situation.
Florida’s unemployment rate dropped from 6.7 percent to 6.4 percent in the month of November, but job creation was nearly stagnant as just 6,100 jobs were created in the state.
Florida continued to add jobs in the month of September, though it’s not known how many of those jobs are part-time, full-time, or provide benefits.
Payroll provider ADP said Wednesday that the Sunshine State continued to add jobs during the month of August.
A day after national unemployment claims declined, the state of Florida reported a stagnating job market.
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.