Gov. Scott: Pensacola Metro Area unemployment declined by 1.4 percentage points over the year

Today, Governor Rick Scott announced the Pensacola-Ferry Pass-Brent Metropolitan Statistical Area’s (MSA) unemployment rate declined by 1.4 percentage points over the year, from 7.8 percent in February 2013 to 6.4 percent in February 2014. The area experienced positive annual job growth over the year in February 2014 with 1,300 new jobs.

Governor Scott said, “The Pensacola area continues to see job growth with 1,300 new jobs over the year and an unemployment rate down to 6.4 percent. We must keep working to create an environment where every Floridian has an opportunity to get a job here in the Sunshine State.”

The industries with the largest job gains in the Pensacola metro area over the year were in leisure and hospitality with 700 new jobs, financial activities with 600 new jobs, and trade, transportation, and utilities with 500 new jobs. In February 2014, the Pensacola metro area had the fastest annual job growth rate of all the state’s metro areas in financial activities with 6.5 percent growth.

The Pensacola metro area had 4,788 online job openings in February 2014 and had 810 openings for STEM occupations. STEM is an acronym for science, technology, engineering and mathematics, and these jobs are considered high wage and high skill.

In February, CareerSourceEscarosa, along with the state’s other 23 Regional Workforce Boards, reported more than 37,900 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, 9,620 previously received Reemployment Assistance. In 2013, more than 479,064 Floridians were placed in jobs, with 135,384 former claimants finding employment.

Florida’s statewide unemployment rate for February 2014 was 6.2 percent, the lowest unemployment rate in the state since June 2008. The rate held steady to the revised January 2014 rate of 6.2 percent. Florida’s statewide unemployment rate has been below the national unemployment rate since August 2013, which was 6.7 percent in February 2014. Since December 2010, Florida has created 540,700 private sector jobs.

To view the February 2014 employment data visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

 

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