World News

State recovers Irma job losses in October; unemployment 3.6 percent

State recovers Irma job losses in October; unemployment 3.6 percent

Gov. Rick Scott announced the unemployment rate moved from 3.8 percent in September to 3.6 percent last month with more than 127,000 new private sector jobs in October.

Employment levels in Florida recovered in October, the state said Friday, following September's Hurricane Irma, which pummeled that month's payroll count.

"Recovering from Hurricane Irma has been our top priority", said Proctor. Tennessee's rate fell sharply, to 3.3 percent to 3 percent. Universal Orlando alone held a job fair for 3,000 openings in October. In the Jacksonville market, that accounted for the addition of about 15,600 new private sector jobs in the past year and about 127,400 new jobs across the state in the past 12 months. "We will continue to work to make our state more business-friendly, including fighting to cut taxes by more than $180 million during the upcoming legislation session, to help secure Florida's future as the best place for families and job creators to succeed". "Today's announcement, and the creation of more than 1.44 million private-sector jobs since December 2010, shows the strength of our economy".

Florida's seasonally adjusted unemployment rate was 3.6 percent in October, the lowest since April 2007 and down two-tenths of a percentage point from September and 1.3 percentage points from a year earlier.

Orlando also added more financial jobs and manufacturing jobs than any other metro in Florida, at 5,200 jobs and 4,900 jobs respectively.

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Palm Beach County's jobless rate was 3.6 percent, down from 5 percent a year ago.

The state jobless mark is lower than the national rate of 4.1 percent. That was the highest annual job growth for education and health services in the state, according to Florida's Department of Economic Opportunity.

On the other hand, Florida's quality of jobs remains low compared to the rest of the nation, with its ranks of underemployed at 9.5 percent, still well above the national average of 8.9 percent.

Flagler County didn't do badly either, with its unemployment rate also falling a decimal point to another post-recession low of 3.8 percent (better than Germany or Norway, Europe's perennial best performers), although not because the county added jobs. In the a year ago, 216,000 people entered Florida's labor force, a growth of 2.2 percent, more than four times the national labor force growth rate of 0.5 percent.


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