Florida Jobless Rate At 3.4% In May

By on June 24, 2019 in WNDB News

Tallahassee, FL – Florida’s unemployment rate for May showed a slight drop from revised April numbers.

The state Department of Economic Opportunity announced Friday that Florida’s jobless rate stood at 3.4 percent in May, reflecting 353,000 people out of work from a workforce of 10.3 million.

The state had initially released a 3.4 percent rate for April but later revised the estimate to 3.5 percent. Florida’s unemployment rate remains below the national rate of 3.6 percent.

Among the categories of jobs that did well in Florida last month were in the fields of construction and leisure and hospitality.

“People believe in low taxation, decreased regulation and what Gov. (Ron) DeSantis is doing to create the environment for businesses to grow,” Ken Lawson, executive director of the Department of Economic Opportunity, said Friday.

Local government jobs grew by 1,700 from April to May. Slight losses were posted in categories involving trade, transportation and utilities and professional and business services.

State government jobs fell by 900. Among the state’s metropolitan statistical areas, the Crestview-Fort Walton-Destin region had the lowest jobless rate at 2.5 percent in May, followed by the Gainesville, Naples-Immokalee-Marco Island and Orlando-Kissimmee-Sanford areas each at 2.8 percent.

The highest rates were found in the metropolitan statistical areas for Homosassa Springs and The Villages, each at 4.6 percent.

The Panama City area, which continues to recover from Hurricane Michael, was at 3.7 percent. The storm-battered region started the year with a 6 percent unemployment rate.

Local Impact | Volusia & Flagler Counties

This portion was written by News Daytona Beach’s Patrick Murphy.

The latest numbers from the Florida Department of Economic Opportunity shows that the spring season ended with a small spike in unemployment.

But, the spike was only 0.2% for both counties (combined), and it’s still 0.2% lower than the unemployment rate for the same month last year.

The new report says that both counties combined ended May with 3.4% of the workforce unemployed, despite seeing some growth in different fields around the area.

Volusia/Flagler Unemployment Rates
(Florida Department of Economic Opportunity)

The biggest change on the map was a two-way tie between mining, logging and construction jobs and trade, transportation and utility jobs, in which both categories gained 1,300 workers (not seasonally adjusted).

A 9.4% increase for mining, logging and construction jobs, and a 3.4% increase for trade, transportation and utilities jobs.

One drop did come out of May’s numbers. That drop was in the professional and business services category, which lost 600 workers, a 2.6% decrease over May of 2018’s numbers.

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