Brevard’s Unemployment Rate Drops To 6.3%
By Space Coast Daily // May 16, 2014
State Unemployment Drops To 6.2%
BREVARD COUNTY, FLORIDA — Brevard County’s unemployment rate dropped from 7.0% in March 2014 to 6.3% in April 2014.
According to the latest report from Florida’s Department of Economic Opportunity, Florida’s seasonally adjusted unemployment rate was 6.2 percent in April 2014, down 0.1 percentage point from the March 2014 rate, while down 1.4 percentage points from 7.6 percent a year ago.
There were 599,000 jobless Floridians out of a labor force of 9,608,000. The U.S. unemployment rate was 6.3 percent in April. Florida’s unemployment rate was 0.1 percentage point lower than the U.S. rate and was below the national rate for the ninth consecutive month.
“April’s job creation number of more than 33,000 jobs is great news for Florida families,” Governor Rick Scott said. “With Florida’s unemployment rate dropping to 6.2 percent, we’re succeeding in creating an opportunity economy. The state’s private sector has created more than 600,000 jobs for Florida families since December 2010, and we are another step toward making sure every Floridian who wants a job can get one.”
Highlights from the Latest Report:
- Florida’s private sector job growth month-to-month has been positive for 34 consecutive months.
- Florida has created 600,400 new private sector jobs since December 2010.
- Florida job postings compiled by the Help Wanted OnLine data series from The Conference Board showed 267,003 openings in April 2014.
- Florida’s unemployment rate has remained below the national unemployment rate for nine consecutive months.
Home Sales Robust
- Home sales remain robust as the backlog of existing homes on the market is down by 31.3 percent from December 2011 (Florida Realtors).
- Florida median home prices were up 7.7 percent over the year in March 2014.
Economic Growth Trends Up Across State
- A recent U.S. Census Survey reported that Florida experienced an influx of people moving into the state. Florida also led the nation in migrations from Puerto Rico.
- Florida is running a trade surplus of over $18 billion – with $90.4 billion in exports and $71.8 billion in imports in 2012, up from $86.8 billion in exports in 2011 and $62.4 billion in imports in 2011.
Workforce Boards Assisting in Employment
- In April, Florida’s 24 Regional Workforce Boards reported more than 42,506 Floridians were placed in jobs. An individual who receives employment and training assistance through a CareerSource Center and finds a job within 180 days is deemed a placement and may be reported by a regional workforce board. Of these individuals, 8,851 previously received Reemployment Assistance.
- In 2013, more than 479,000 Floridians were placed in jobs, with 135,384 former claimants finding employment.
To view the April 2014 employment data visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.