State’s Jobless Rate Falls To 5.8 Percent

Florida’s seasonally adjusted unemployment rate fell to 5.8 percent in November, down 0.2 percentage point from the previous month’s rate, and the lowest it’s been since May 2008, when it was 5.7 percent.
So reported the Florida Department of Economic Opportunity (FDEO) on Friday, Dec. 19.
The national rate also was 5.8 percent in November, according to the FDEO.
For Madison County, the rate was 8.0 percent, 0.2-percentage point higher than the previous month; and for Jefferson County, the November rate was 5.5 percent, 0.4-percentage point lower than in October.
Statewide, 556,000 Floridians were jobless in November out of a labor force of 9,661,000 — not counting those who had given up the search for work, were underemployed or employed part time.
According to the FDEO, Florida’s seasonally adjusted total nonagricultural employment was 7,897,000 in November — an increase of 41,900 jobs over the month.
Seasonally adjusted means the numbers have been purged of seasonal and other factors that could skew the results.
“Compared to November a year ago, the number of jobs in the state was up by 229,900, an increase of 3.0 percent,” the FDEO reported.
For Madison County, the 8.0 percent translates into 558 jobless persons out of a labor force of 7,013, compared with 559 jobless persons out of a labor force of 7,149 in October, when the rate was 7.8 percent.
In November 2013, the comparable figures were 582 jobless persons out of a labor force of 6,916, when the unemployment rate was 8.4 percent.
For Jefferson County, the 5.5 percent rate translates into 358 jobless persons out of a labor force of 6,505, compared with 392 jobless persons out of a labor force of 6,604 in October, when the rate was 5.9 percent.
In November 2013, the comparable figures were 353 jobless persons out of a workforce of 6,374, when the unemployment rate was 5.5 percent.
Statewide, the industry gaining the most jobs continued to be trade, transportation and utilities, up 57,600 jobs; followed by professional and business services, up 41,300 jobs; leisure and hospitality, up 40,200 jobs; construction, up 34,900 jobs; private education and health services, up 20,800 jobs; financial activities, up 12,600 jobs; other services, up 11,200 jobs; manufacturing, up 6,800 jobs; government, up 3,000 jobs; and information, up 1,200 jobs.
Monroe County continued to have the state’s lowest unemployment rate at 3.5 percent; followed by Walton County at 3.8 percent; Okaloosa County at 4.4 percent; Alachua and Wakulla counties at 4.6 percent.
Hendry County continued to have the state’s highest unemployment rate at 9.7 percent; followed by Flagler County at 8.1 percent; Madison County at 8.0 percent; Hamilton County at 7.7 percent; and Hernando and Putnam counties at 7.5 percent.
No county had a double-digit unemployment rate in November.
Of the 22 metro areas in the state, 21 had over-the-year job gains in November, according to the FDEO.
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