Florida continues upward trend with 69th consecutive month of job growth

A recent release by the Florida Department of Economic Opportunity shows unemployment rates in the state declined slightly in April, continuing a bright outlook for the Sunshine State. Statewide, the seasonally adjusted jobless figure dropped from 4.9 percent in March to 4.8 percent in April. That’s down from 5.5 percent a year ago. It was […]

A recent release by the Florida Department of Economic Opportunity shows unemployment rates in the state declined slightly in April, continuing a bright outlook for the Sunshine State. Statewide, the seasonally adjusted jobless figure dropped from 4.9 percent in March to 4.8 percent in April. That’s down from 5.5 percent a year ago. It was the 69th consecutive month with positive annual job growth after the state lost jobs for more than three years.

The number of jobs in Florida was 8,283,900 in April 2016, up 254,500 jobs compared to a year ago. Out of a labor force of 9,801,000, there were 472,000 jobless Floridians. Florida’s seasonally adjusted total nonagricultural employment was 8,283,900 in April 2016, an increase of 31,100 jobs and up 0.4 percent over the month. The state gained 254,500 jobs over the year, an increase of 3.2 percent.

The industry gaining the most jobs was education and health services (+47,100 jobs, +4.0 percent). Other sectors gaining jobs included leisure and hospitality (+45,100 jobs, +4.0 percent); professional and business services (+43,700 jobs, +3.6 percent); trade, transportation, and utilities (+41,500 jobs, +2.5 percent); construction (+30,100 jobs, +7.1 percent); financial activities (+20,200 jobs, +3.8 percent); total government (+10,200 jobs, +0.9 percent); manufacturing (+9,400 jobs, +2.8 percent); and other services (+8,500 jobs, +2.6 percent).

For additional details visit the DEO website.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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