FL Unemployment Rate Archives - The Florida Capital Star

Florida Jobs Report Shows Declining Unemployment, Indicators of Economic Growth

January 25, 2022January 24, 2022 Grant Holcomb

A jobs report from the Florida Department of Economic Opportunity (DEO) shows Florida is continuing to lead the county in job creation and lower unemployment rates. Florida’s unemployment rate fell to 4.4 percent in December 2021 – down 0.1 percent from November 2021.

The report indicates good news for Florida’s economy with Florida gaining 479,300 jobs throughout the entirety of 2021, which is an increase of 5.6 percent. The national jobs creation average during the same time period was 4.5 percent.

State Benefits to be Reduced Due to Low Florida Unemployment Rate

January 1, 2022December 31, 2021 Grant Holcomb

The Florida Department of Economic Opportunity announced earlier this week that an algorithm to determine the number of weeks of benefits will revert back to its pre-pandemic rate.

According to state law, when the state unemployment rate is below five percent, the number of weeks for an eligible Floridians to receive benefits is 12 weeks.

Florida Jobs Report Shows Growth, Unemployment Rate Continuing to Drop

December 20, 2021December 19, 2021 Grant Holcomb

The Florida Department of Economic Opportunity (DEO) released the November jobs report along with labor force statistics, and the unemployment rate in Florida dropped to 4.5 percent. Compared to one year ago, the rate was a 5.4 percent.

State officials say the continued drop is more indication the “open for business” policies in Florida have kept Florida’s economy recovering from the pandemic-induced economic slow-down.

Florida’s Unemployment Rate Falls, Remains Below National Rate

September 20, 2021September 19, 2021 Steve Stewart

Florida’s unemployment rate fell to 5.0 percent in August, down 0.1 percent from the July reported rate of 5.1 percent.

The Florida Department of Economic Opportunity announced Florida has experienced 16 consecutive months of job growth, gaining 19,400 private sector jobs over the month. In total, Florida has gained 990,400 jobs since April 2020.

“Under the leadership of Governor DeSantis, Florida’s unemployment rate is decreasing,” said Secretary Dane Eagle of the Florida Department of Economic Opportunity. “This positive sign shows that Floridians are returning to work and Florida’s economy continues to provide opportunities for meaningful employment. I look forward to working with Floridians to continue these economic successes.”

Florida’s Unemployment Rate Increases in May

June 21, 2021June 20, 2021 Casey Owens

In the most recent data released by the Florida Department of Economic Opportunity (DEO) on Friday, the May unemployment rate in Florida was 4.9%, up .1% from the unemployment rate in April.

Although the the number of individuals who qualified for unemployment rose from 488,000 in April to 503,000 in May, the labor force increased by 72,000 people during the same time.

Florida Unemployment Claims Trending Down

May 9, 2021May 8, 2021 Casey Owens

Governor DeSantis lifted the COVID-19 restrictions in the state of Florida and industries look to begin returning back to normalcy starting with the issue regarding unemployment claims. According to the U.S. Department of Labor, for the week that ended May 1st, 2020, there were approximately 18,355 first-time unemployment claims in Florida and 116,304 unemployment claims by individuals who had already filed an initial unemployment claim, also known as insured claims.

The 18,355 initial unemployment claims from that week is a 9,662 decrease from the 28,017 initial claims from the week before and the number of insured claims decreased from 129,628 in that same week. The decrease in new claims reflects the national number of new claims during that week which was 498,000, a decrease of 92,000 from the prior week and the lowest number of initial claims since March 14th, 2020 when the number of new claims was only 256,000.