Unemployment rate in Florida holds steady listen08/21/09 Seán Kinane
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Tags: unemployment rate
Florida’s unemployment rate in July was 10.7 percent. It was the same as June’s adjusted rate, but it’s up 4.4 percentage points from July of last year.
The state’s labor bureau, the Agency for Workforce Innovation, released the data today. Rebecca Rust is their chief economist.
“987,000 jobless Floridians out of a labor force of 9,193,000. The revised rate for a month ago was also 10.7 percent, so the rate held steady over the month. The year ago rate was 6.3 percent, ” Rust said.
The number of non-agricultural jobs in the state also went down in July, according to Rust.
New jobless numbers for the entire U.S. rose to 576,000 last week, which was above forecasts of 550,000. The national unemployment rate of 9.4 percent is 1.3 points lower than Florida’s. Rust says the state is second in the nation in rate of job loss.
The Agency for Workforce Innovation says the unemployment rate in the Tampa-St. Petersburg-Clearwater area increased to 11.3 percent in July from 11.2 percent the previous month. A year ago the Bay area jobless rate was 6.9. Rust says these are the worst employment figures in Florida since “October 1975 when it was 11.0%”