November 2012 rate is 4.4 percentage points lower than December 2010, leading all metro areas

 Today, Governor Rick Scott announced that in November, the Miami-Miami Beach-Kendall metro area’s unemployment rate declined 1.5 percentage points over the year. Since December 2010 the rate dropped 4.4 percentage points, which led all metro areas during that time. The November 2012 rate of 8.0 percent (not seasonally adjusted) is down from 9.5 percent last November and down from 12.4 percent since December 2010.

Governor Scott said, “In communities all throughout Florida, families are finding new job opportunities. Since 2010, the private sector has created more than 200,000 private sector jobs, Florida’s housing market is improving – and unemployment is down. I’m committed to growing more jobs for Florida families, and while our work isn’t finished, we’ll continue working to make Florida the best place in the world to find a job and raise a family.”

In November 2012, the Miami-Miami Beach-Kendall metro area tied with the Orlando MSA, adding the most jobs of all the metro areas in trade, transportation and utilities with 4,700 jobs gained over the year. Housing starts were up in Miami-Dade County in October 2012 (most recent data available) both over the month (+34.6 percent) and over the year (+152.1 percent).

Miami-Dade County ranked first in the state for online job demand with 41,658 openings in November and was second overall in demand for STEM jobs with 8,268 job openings. STEM is an acronym for science, technology, engineering and mathematics, and these jobs are considered high wage and high skill.

Also in November, South Florida Workforce along with the state’s other 23 Regional Workforce Boards reported more than 46,000 Floridians were placed in jobs.  An individual who receives employment and training assistance through a One-Stop Career Center and finds a job within 180 days is deemed a placement and may be reported by a regional workforce board. Of these individuals, 14,211 previously received Reemployment Assistance. Since January, more than 383,000 Floridians were placed in jobs, with nearly 98,000 former claimants finding employment.

Florida’s seasonally adjusted unemployment rate dropped to 8.1 percent for the month of November, the lowest since November 2008. The November 2012 rate was down 0.4 percentage point from the October rate of 8.5 percent.  This was the largest drop in the rate over the month since October 1992, and was the second time it occurred this year. The November 2012 rate was 2.0 percentage points lower than the year-ago rate of 10.1 percent.  Private sector job growth over the month jumped to more than 24,000. Since December 2010, the state’s unemployment rate has dropped 3.0 percentage points and 202,500 private sector jobs have been created.

To view the November 2012 monthly employment data, visit:

www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

 

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