Rate drops 2.4 percent since December 2010; Florida ranks first in country in unemployment improvement

With another month of a declining unemployment rate, Florida continues to lead the nation in the largest drop in its unemployment rate since December 2010 at 2.4 percent (seasonally adjusted). Florida’s unemployment rate has now declined over the year for 22 consecutive months.

“The changes we’re making in our state are creating an environment that fosters job creation and economic development,” said Governor Rick Scott. “We have more work to do, but we are headed in the right direction of ensuring that our state can globally compete and that we have the nation’s most skilled and talented workforce.”

This continues a trend of positive indicators in the state’s improving economy. Florida’s unemployment rate declined to 8.7 percent for the month of September with 3,500 new private sector jobs created. The September 2012 rate was 1.7 percentage points lower than the year-ago rate of 10.4 percent. Florida has experienced positive annual job growth now for 26 consecutive months, and the job growth month-to-month has been positive for 12 of the last 15 months. Florida job postings increased sharply in September 2012 compared to the previous September by 35,277 (an increase of 15.1 percent), for a total of 268,575 openings (seasonally adjusted). Additionally, the state’s 24 Regional Workforce Boards reported a record of more than 52,983 Floridians placed in jobs during the month.

 

Unemployment Rates (%) For Top 10 States

(Seasonally Adjusted)

December 2010 Compared to September 2012

Ranked by Change

   
 

  Dec-10

  Sep-12

        Change

Florida

11.1

8.7

-2.4

Missouri

9.2

6.9

-2.3

Ohio

9.2

7.0

-2.2

Utah

7.6

5.4

-2.2

Nevada

13.9

11.8

-2.1

California

12.2

10.2

-2.0

Michigan

11.2

9.3

-1.9

Arizona

10.0

8.2

-1.8

Idaho

8.9

7.1

-1.8

Kentucky

10.0

8.4

-1.6

The Florida Department of Economic Opportunity combines the state’s economic, workforce and community development efforts. This new approach helps expedite economic development projects to fuel job creation in competitive communities. For more information, including valuable resources for employers and job seekers, please visit www.floridajobs.org.

 

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