Florida – Florida’s unemployment rate 11.2% In October 2009

The October 2009 Unemployment Rate Figures have been released and here is what Jim Ash thinks of the numbers:

Florida’s unemployment rate 11.2 percent

Florida’s unemployment rate rose a bit in October to 11.2 percent, with slightly more than 1 million workers without a job.

Florida’s rate is up one-tenth of a percentage point from September, practically unchanged, but remained a full percentage point above the national average of 10.2 percent. The Florida rate is 4.5 percent higher than October of last year.

The last time unemployment was this high in Florida was 1975, when the rate hit 11.9 percent.

Florida’s top labor official continued to be optimistic, saying that she sees signs of a slow recovery. She noted that Florida’s rate of job decline in October was a percentage point better than March.

“This rate indicates that that Florida families and businesses are still facing challenges, while fewer job losses reveal slight improvement in the economic climate,” said Agency for Workforce Innovation Director Cynthia Lorenzo.

The picture in Northwest Florida remained essentially unchanged and better than the rest of the state.

In the Big Bend, the Leon County rate of 7.1 percent was down a tenth of a percentage point from September but still significantly higher than the 4.8 percent rate in October last year.

The Gadsden rate for October hit 9.4 percent, down a tenth of a percentage point from September.

Jefferson was 8.8 percent in October, up four-tenths of a percentage point from September.

Wakulla hit 7.7 percent in October, up three-tenths of a percentage from September.

Sources: Article by Jim Ash of Tallahassee.com (http://www.tallahassee.com/article/20091120/CAPITOLNEWS/91120008/Florida-s-unemployment-rate-11.2-percent)

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