Florida's Unemployment Rate Remains At 5 Percent

Louis Holliday
Florida's Unemployment Rate Remains At 5 Percent
Author

26 March, 2017

The U.S. jobless rate decreased to 4.7 percent in February from 4.9 percent a year ago.

"The economy in SC is robust as businesses continue to grow and expand here, and more and more people are feeling optimistic about opportunities available to them in SC", she said. The rate was 3.8 percent last February.

Macheras said Virginia's labor force grew by about 1.5 percent from February 2016 to February 2017, twice as fast as the national rate.

The sectors that saw job gains included construction, leisure and hospitality, and educational and health services.

Santa Barbara County's unemployment rate was 5.5 percent in February, down from 6.0 percent in January.

It's also down the same tenth of a point since this time previous year despite the state losing several hundred nonfarm jobs, according to new numbers from the state Labor Dept.

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The month-to-month decline comes partially from a slight dip in the labor force - about 8,000 less people were seeking employment in February, but mostly from the creation of 14,000 new jobs.

It isn't surprising that the unemployment rate continues to fall and that nonfarm payroll jobs continue to rise, said Greg Kaza, executive director of the Arkansas Policy Foundation in Little Rock. Alabama's rate dropped from 6.4 percent in January to 6.2 percent, or 136,826 unemployed persons. The county's two largest cities, Los Angeles and Long Beach, reported rates of 5.1 percent and 5.3 percent, respectively.

The state lost 1,600 net jobs in February, mostly in industries that can be affected by weather, the state Department of Labor reported Thursday. That compares to a 1.6 percent increase in the nation as a whole.

The highest growth sectors for IN in February were manufacturing and trade, transportation and utilities, though gains were offset by losses IN the leisure and hospitality sector. Private sector jobs, a subset of total nonfarm jobs, increased by 5,500.

The labor force counts both those who have jobs plus those who are actively seeking work.


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