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Florida’s unemployment rate remained at 2.6 percent in March, as service-related jobs continued to lead in new hiring and construction jobs fell for a third consecutive month.
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The unemployment rate of 2.7% is unchanged from July, and an estimated 293,000 Floridians were out of work last month.
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Florida’s unemployment rate dipped to 2.7 percent in July, matching the level before the COVID-19 pandemic slammed into the economy.
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The state Department of Economic Opportunity on Friday released a report that said the June rate was 2.8 percent, down from a revised 2.9 percent in May. The June number represented 303,000 Floridians unemployed in a workforce of 10.633 million.
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The U.S. Department of Labor on Thursday estimated 6,961 first-time claims were filed in Florida during the week that ended July 9, up from a revised count of 6,155 during the week that ended July 2.
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Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.
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In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.
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The Federal Reserve announced Wednesday that it will increase its benchmark interest rate by 0.75%, matching the largest increase in decades. Here's what that means for everyday Americans.
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Florida had an estimated 5,393 first-time jobless claims last week, up from a revised count of 3,698 during the week that ended May 28, according to a U.S. Department of Labor report issued Thursday.
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U.S. employers added 390,000 jobs in May as the labor market stays hot. The unemployment rate held steady at 3.6%.
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The state Department of Economic Opportunity released a report Friday that showed the April unemployment rate was down from 3.2 percent in March.
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Florida continues to see unemployment claims roll in at a pre-pandemic pace as new data showed aspects of inflation possibly slowing. But that trend has not been reflected at gas pumps.