Florida creates 12,100 new private sector jobs

Unemployment rate down 23 consecutive months

Author: Mike Holfeld, Problem Solver, mholfeld@clickorlando.com
Published On: Nov 21 2012 02:45:56 PM EST
TALLAHASSEE, Fla. -

The latest jobs data from Tallahassee is being hailed as “proof of Florida’s economy moving in the right direction.”

The Florida Department of Economic Opportunity (DEO) released new data Wednesday, that shows the state has “ the largest drop in its unemployment rate since December 2010, at 2.6 percentage points (seasonally adjusted).”
According to the DEO Florida’s unemployment rate has now declined over the year for 23 consecutive months.

“I’m confident that we’re implementing positive changes that are making Florida more desirable to employers looking to start, move or expand their business,” said Governor Rick Scott. “ Even though we still have work to do, we are on the right track.”

The DEO reports “a number of positive economic indicators in October,” including an unemployment rate 1.7 percentage points lower than the year-ago rate of 10.2 percent, and the lowest rate since 2008.

According to the report , Florida also created 12,100 new private sector jobs and had positive annual job growth now for 27 consecutive months.

In terms of job creation , the DEO says Florida’s 24 Regional Workforce Boards reported a record of more than 50,423 Floridians were placed in jobs during the month, for a total of more than 337,000 placed since January 2012.