New jobs data shows Florida still lagging in job creation

A new report shows Florida has lost about 1,000 jobs per month since July, but the state’s unemployment rate is still just under 6% at 8.4%.

The Florida Department of Economic Opportunity has released a report showing Florida is still lagged in job growth and job creation, with the state losing about 1.1 million jobs over the past month. 

Florida added nearly 12,000 new jobs last month, the largest monthly increase since August, and the job gains have not slowed since. 

The report, released Wednesday, also found the state lost more than 4,000 residents to leave the state, more than a 100,000 people, and more than 400,000 total jobs over that time. 

Overall, Florida lost nearly 9,000 construction jobs and nearly 6,000 retail jobs in August, compared with about 3,500 new jobs and 1,100 retail jobs over July.

The new jobs report comes a day after Florida lost its fifth consecutive month of declining job growth, the latest in a string of declines for the Sunshine State.

The state added just over 100,00 jobs last year, and it has been steadily losing jobs since 2010, when the recession began.

Florida is now in the second worst economic recovery since the Great Depression, which began in 1929, according to a report from the Economic Policy Institute. 

There is no clear answer for why Florida has been losing jobs in recent months, said Steve Kocher, the executive director of the Florida Chamber of Commerce.

But he said the state is continuing to experience the effects of the recession and that Florida’s unemployment has been rising since the start of the Great Recession.

“If you look at the employment numbers, they’re really in the bottom half of the nation, and they’re not doing well,” Kochel said. 

Kochel cited a decline in construction jobs as a major factor.

Construction jobs in Florida have fallen by about 70% since 2010. 

“Florida is going to be very, very hard hit, and you’re going to see the economy slow down,” Kucher said.

“We have a lot of people left, and we are going to have to deal with that.” 

The economy has been struggling to recover since the recession.

The unemployment rate in Florida has now dipped to 5.8% in August from 6.9% in July. 

Despite the jobs losses, the Florida economy is expected to recover, said Florida Economic Development Commissioner Tom Breen. 

Breen said the unemployment rate has fallen in the past two weeks and the unemployment rates have been stable since the beginning of the year. 

But he noted that the economy has struggled to regain the ground lost during the recession, especially in the auto industry. 

Even as Florida is facing the worst recession in the nation and a long road ahead, the state has not been able to get back to the growth that helped Florida become a top destination for American jobs, Breen said.

The job numbers also show that the number of people in the labor force is continuing its long-term decline, Breden said.

The state has lost nearly 40,000 workers since the summer, and Breen expects that number to rise to 50,000 in the coming months.

“The economy is not as strong as it used to be,” Breen added.

“People want to find work, and there is not a lot going on in terms of new jobs.” 

For more news on the state of Florida, visit our Florida news hub.

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