Unemployment rates in Brevard County and Florida fall

Unemployment continues to decline, both In Brevard County Throughout the state, the state’s chief labor economist states that residents are more confident about the employment market.

NS Florida Office of Economic Opportunity reported on Friday that:

  • The unemployment rate in Brevard County was 3.7% in October, down from 3.8% in September 2020 and 4.5% in October. The number of unemployed Breverd residents decreased from 11,305 in September to 11,129 in October.
  • The unemployment rate for the entire state was 4.6% in October, down from 4.8% in September 2020 and 5.8% in October. Florida’s unemployment fell from 506,000 in September to 491,000 in October.

Adrian Johnston, chief economist at the Office of Economic Opportunity, said in a conference call with reporters that the latest data shows the tendency of people to voluntarily quit their current jobs and look for better jobs in the labor market. I am confident. “

Regarding the latest unemployment report, Florida Governor Ron DeSantis said on Friday: "Florida's economy continues to grow faster than the country because it puts the needs of Florida citizens and businesses first and makes wise policy decisions against strict obligations."

“What we are seeing is continuous positive growth,” said Johnston. “I’m sure this is a good report.” Unemployment is declining, employment is on the rise, and the workforce is on the rise.

more:Breverd’s unemployment rate fell to 3.8% in September and continues to recover from the pandemic.

more:Breverd’s unemployment rate continues to decline, reaching 4.3% in August

“The combination of all this is a very strong labor market indicator,” Johnston said. “There is a lot of economic activity, which is actually driving the increase in work seen in all industries. They are engaged in the economy because people are confident.”

Unemployment rates in Brevard County and Florida fall

Source link Unemployment rates in Brevard County and Florida fall

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