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[UPDATE] Future Looks Bright With Florida's Unemployment Numbers

By: The News Service of Florida; AP
By: The News Service of Florida; AP

[UPDATE] 5-20 11:45am

Unemployment analysis released today shows Florida’s unemployment rate continuing to drop this month. In the same time frame, the federal rate ticked up. The new rate, 10.8 percent, is the lowest in Florida since 2009.

“I remain focused on job creation, so it is great news that this trend is continuing in the right direction,” said Governor Rick Scott. “With tax relief for property owners and elimination of taxes on about half of the businesses that currently pay, I believe we are on the path to getting Florida back to work.”

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[UPDATE] 5-20

Florida's jobless rate fell in April to 10.8 percent, down from 11.1 percent in March and more than a full percentage point lower than April 2010 when it was 12 percent, the Agency for Workforce Innovation reported Friday. It's the lowest rate since November of 2009.

Stay with WCTV for more on the story.

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State officials are set to announce whether Florida's unemployment rate has continued dropping. The Agency for Workforce Innovation is releasing the figure for April on Friday.

The national rate of 9 percent for the month was previously announced. Florida's rate was 11.1 percent in March, the third straight monthly decline.That was nearly a full percentage point down from December's 12 percent rate.

One reason for the drop, though, is that Florida's labor force also declined.Jobless people who give up looking for work no longer are counted in the labor force nor are they included in the unemployment rate.


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