Florida unemployment rate steady at 3.9%


This was unchanged from December and down from 3.9 percent in January 2017.

The low unemployment rates appear to be translating to higher wages for those with jobs. Many employers have said they're unable to add jobs because there is a lack of available talent with the right qualifications. That's when it released the jobs data from February and reported the legal sector lost 200 jobs that month - this on top of 1,200 jobs that were lost in the industry in January. "Four of the five metropolitan areas reported positive job growth from December with Kansas City reporting the largest gain of 800 jobs".

In a separate federal survey of business establishments that excludes jobs in agriculture and people who are self-employed, Kentucky's nonfarm payroll in 2017 increased by 11,300 or 0.6 percent to 1,920,400 employees. The survey of 71,000 California businesses measures jobs in the economy.

Some economists say much of North Carolina's economic recovery has come from piggybacking on the US recovery, or that the biggest factor in the labor force increase has been people moving into the state - particularly Charlotte and the Triangle - in hopes of finding work.

A year ago, Florida's unemployment rate stood at 4.6 percent, with 461,000 people listed as out of work. Pinellas, Walton and Lafayette counties also were at 3.7 percent. Comparatively, the national unemployment rate declined to 4.1 percent from 4.8 percent. In the last 10 years, the sector has grown by 28,800 jobs or 15.5 percent. The industry sectors with the largest over-the-year declines include: Information Services (-3,400); Trade, Transportation and Utilities (-3,300); and Other Services (-400). Whereas, in quarterly terms, total employment increased with 0.9 % compared to the third quarter of 2017.

North Carolina's jobless picture has been above the national average most of the previous year. The unemployment rate identifies those individuals who are out of work and are seeking employment.

Unemployment statistics are based on estimates and are compiled to measure trends rather than to actually count the number of people working.