Brevard Unemployment Up Despite Statewide Drop

By  //  August 15, 2014

ABOVE VIDEO: Tim Morgan, Brevard Workforce Career Center Manager offers a tour of the Rockledge office. Today’s unemployment report revealed Brevard County’s unemployment raised to 7.1%.

BREVARD COUNTY, FLORIDA — Despite a statewide 1.1 percent drop in unemployment and the addition of 2,100 private sector jobs, Brevard County’s unemployment rate increased from 6.7 percent to 7.1 percent in July.

unemployment-graph-julyIn July, the latest month with complete employment data, Brevard’s number of unemployed residents increased to 19,052 compared to 17, 756 in June, as the labor force increased to 268,783 from 266,058.

Brevard’s economic trend defies the statewide trend.Governor Rick Scott today announced that Florida created 2,100 private-sector jobs in July 2014. Since December 2010, Florida’s private-sector businesses have added 620,300 jobs for Florida families. The statewide unemployment rate for July 2014 is 6.2 percent, down 1.1 percentage points from the July 2013 rate of 7.3 percent and unchanged from last month.

Gov. Rick Scott
Gov. Rick Scott

Florida’s private-sector created more than 2,000 jobs for Florida families in July, bringing total private-sector job creation since December 2010 to 620,300,” Governor Rick Scott said. “Every new job positively impacts a family, and today’s announcement is more great news for Florida families looking to live the American Dream in the Sunshine State. Florida continues to see positive job growth highlighting our economic recovery, so let’s keep working to make sure every Floridian who wants a job can get one.”

Since December 2010, Florida’s unemployment rate has dropped 4.9 percentage points, from 11.1 percent down now to 6.2 percent in July 2014. Florida’s unemployment rate has declined or held steady over the month for 45 of the last 47 months.

Statewide Unemployment Drops, Brevard County’s RisesRelated Story:
Statewide Unemployment Drops, Brevard County’s Rises

The long-term positive trends in the unemployment rate and job counts are among the most important economic indicators to consider when analyzing the health of Florida’s economic recovery. The state’s private-sector job counts have been steadily on the rise for over three years, showing that Florida’s businesses are responding to the state’s improving economic climate. Since December 2010, the state has added 620,300 private-sector jobs. library press release.pdf (2)

State employment statistics

  • Florida’s annual job growth rate has exceeded that of the nation since April 2012.
  • Florida’s private sector job growth month-to-month has been positive for 41 of the last 44 months.
  • Florida has created 620,300 new private sector jobs since December 2010.
  • Florida job postings compiled by the Help Wanted OnLine data series from The Conference Board showed 261,382 openings in July 2014.
Brevard Unemployment Rate RisesRelated Story:
Brevard Unemployment Rate Rises

Home Sales 

  • Home sales remain robust as the backlog of existing homes on the market is down by 32.5 percent from December 2011 (Florida Realtors).
  • Florida median home prices were up 5.2 percent over the year in June 2014.

Workforce Boards Assisting in Employment

  • In July, Florida’s 24 Regional Workforce Boards reported more than 39,100 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, 8,040 previously received Reemployment Assistance.
  • In 2013, more than 479,000 Floridians were placed in jobs, with 135,384 former claimants finding employment.