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Fla. Jobless Rate Unchanged for October, 11.9 percent

By: AP
By: AP

TALLAHASSEE, Fla. (AP) --

Florida's October unemployment rate is unchanged from the prior month at 11.9 percent.

That's a small bit of good news, though, after Florida posted
increases in each of the previous three months. It's also still
below Florida's 12.3 percent peak in March, but more than two
percentage points higher than the 9.6 percent national rate.

The new rate was released on November 19 -- two days after the
announcement of an unemployment compensation tax increase.

State revenue officials said most Florida employers will pay
higher taxes next year due to the high jobless rates.

The minimum annual tax is set to increase from $25.20 to $72.10
per employee, but the maximum will remain unchanged at $378.

Employers with more layoffs pay higher rates.


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