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Local Employment Rate Remains Steady
November 17, 2018
The latest job numbers released Friday show the employment rate remained the same in Escambia and Santa Rosa counties.
Escambia County’s seasonally adjusted unemployment rate held steady at 3 percent from September to October. There were 4,399 people reported unemployed during the period. One year ago, unemployment in Escambia County was 3.7 percent.
Santa Rosa County’s unemployment rate remained the same at 2.7 percent from September to October. Santa Rosa County had a total of 2,197 persons still unemployed. The year-ago unemployment rate in Santa Rosa County was 3.4 percent.
Florida’s unemployment rate inched down to 3.4 percent in October, a 0.1 percentage-point reduction from September. The latest numbers point to the lowest jobless rate for the state since January 2007. They represent 345,000 Floridians — 14,000 fewer than in September and 51,000 less than a year earlier — who qualified as unemployed from a workforce of 10.25 million. The decrease came as the national unemployment figure held at 3.7 percent from month to month. Florida’s numbers were driven by service-related jobs, according to the state agency. Modest gains were also reported in categories involving construction, financial activities, trade and utilities, education and health and professional and business services.
The jobless numbers released by the state do not include persons that have given up on finding a job and are no longer reported as unemployed.
Comments
One Response to “Local Employment Rate Remains Steady”
There are 10,000 babyboomers a day who are retiring. The bubble in America population is slowly working their way out of the labor market. The result was predicted by economists for years……low unemployment as the baby boomers leave the economy. We are going to see labor shortages in the next four years as legal immigration and birth rates cannot keep up with replacement of those babyboomers. The labor participation numbers which were a subject of criticism of prior administrations as not giving true unemployment numbers are off the chart and now everybody realizes what is driving unemployment numbers…….massive retirements which is good for young people.