This past Friday, Nov 20, the State of Florida released its employment figures for the preceding month of October.Statewide in October the unemployment rate rose slightly to a seasonally adjusted 11.2 percent compared to the 11.1 percent revised rate in September, but up 4.3 percentage points from the October 2008 rate. Throughout the State, this represents 1,027,000 jobless out of a labor force of 9,175,000.
The State’s current unemployment rate is 1.0 percentage point higher than the national unemployment rate of 10.2 percent.
During this same reporting period, the State also saw a loss of 339,600 nonagricultural jobs or -4.4 percent compared to October 2008. This is steeper than the national rate of decline for October, which is -4.0 percent over the year.
Industries losing the most jobs were trade, transportation, and utilities; professional and business services; and construction. These three industries account for more than two-thirds of the job losses in the state. Healthcare has been Florida’s only growth sector for most of 2009.
Locally the rate rose to 7.8 percent, .7 percent higher than in September, and 3.2 percentage points higher than the October 2008 rate of 4.6 percent, which represents 357 people out of work throughout Franklin County out of a labor force of 4,573.
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