BUSINESS UPDATE: Brevard County Unemployment Rate Drops to 3.6 Percent In September
By Space Coast Daily // October 21, 2017
Brevard County has a labor force of 272,160
BREVARD COUNTY, FLORIDA — The Department of Economic Opportunity announced that Brevard County’s unemployment rate dropped to 3.6 percent in September. Last month, the rate was 4.3 percent, and in September 2016 it was 5.2 percent.
According to the DEO, Brevard County has a labor force of 272,160, with 262,493 currently employed and 9,667 unemployed.
The DEO also announced that the statewide unemployment rate dropped to 3.8 percent in September, the lowest rate in more than a decade.
Other positive economic indicators included:
- In the last year, 239,000 people entered Florida’s labor force, a growth of 2.4 percent. This rate is three times the national labor force growth rate of only 0.8 percent.
- Florida job postings showed 221,091 openings in September 2017.
- In September, Florida’s 24 regional workforce boards reported 20,022 Floridians, including 1,130 veterans, were placed in jobs.
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“I am proud that Florida’s unemployment rate has reached a more than 10-year low of 3.8 percent,” said Scott.
“However, Hurricane Irma was the largest storm we have seen, which affected our entire state and led to the largest evacuation and power restoration effort. Obviously, our jobs numbers were affected because of this. Florida is a resilient state and we are working around the clock to rebuild and recover from this unprecedented storm. Florida’s economy remains strong and more than 1.3 million private-sector jobs have been created across our state since December 2010. We will continue to fight for jobs every day.”
As of September, Florida’s unemployment rate had dropped 6.9 percentage points since December 2010, faster than the national decline. Private-sector businesses were severely impacted last month by Hurricane Irma, which resulted in survey data showing a reduction of job numbers solely for the month of September.
To help Florida families and business owners quickly recover from this massive storm, Florida Gov. Rick Scott has activated multiple disaster-related resources, such as the Disaster Unemployment Program, the Florida Small Business Emergency Bridge Loan Program, and the Florida Citrus Emergency Loan Program.
“It is great news that Florida’s unemployment rate is at 3.8 percent, the lowest in more than a decade,” said Cissy Proctor, Executive Director of the Florida Department of Economic Opportunity.
“Florida also continued to have a labor force growing three times faster than the nation’s. Although the state as a whole was impacted by this storm, three large metro areas still had strong year over year job gains- showing the strength of our economy. As we restore businesses damaged from this natural disaster, it is more important than ever that we focus on getting Floridians back to work so families throughout the state can continue to flourish.”
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