Florida unemployment has fallen to 3.6%, the lowest level for a decade.
And the jobless rate in Lee County, which includes Cape Coral, fell to 3.3% in October 2017, 0.3% down on the previous month and 1.4% on a year earlier.
Unemployment rate falls 0.2% in September
Florida’s seasonally-adjusted unemployment rate fell 0.2% from September 2017, and 1.3% from a year ago. In addition, there were 369,000 jobless Floridians out of a labor force of 10.1million.
The U.S. unemployment rate was 4.1% in October. Prior to September 2017, Florida’s over-the-year job growth rate had exceeded the nation’s rate since May 2012.
Governor Rick Scott says, “I am proud to announce today that Florida’s unemployment rate has reached a more than 10-year low of 3.6 percent and that more than 127,000 private-sector jobs were created in October.
“While Hurricane Irma was a devastating storm, we have worked day after day to help communities recover and send a message across the world that Florida is open for business.”
Cissy Proctor, head of the Department of Economic Opportunity, adds, “The unemployment rate has consistently declined while jobs are being added in diverse industries all across the Sunshine State, proving that we have the best economic climate in the nation.”
- Private-sector industries gaining the most jobs over-the-year were:
- Professional and business services with 38,900 new jobs
- Trade, transportation and utilities with 38,300 new jobs
- Construction with 35,600 new jobs
- Education and health services with 17,600 new jobs
- Other services with 17,600 new jobs.
In conclusion, Florida job postings showed 240,297 openings in October 2017. There were 23,082 Floridians, including 1,273 veterans, placed in jobs, reports the state’s 24 regional workforce boards.