Unemployment rates continue to decline in both Brevard County and the state as a whole, and the state’s chief labor economist says residents are becoming more and more confident in the employment market.
The Florida Office of Economic Opportunity reported on Friday:
- 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. “
“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.
“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.”
Johnston also said that the actions of the Florida State Assembly during the special session, aimed at banning Florida employers from imposing COVID-19 vaccine obligations, should help build workers’ confidence. Said that. Governor Ron DeSantis signed the bill on Thursday.
“Something that encourages people to actively participate and gives them the feeling that they will be able to connect and continue their work is key,” said Johnson. Said that it would help promote. “So I think what we saw was a positive move to ensure that people were confident. I don’t think the growth of the workforce will slow down.”
“In fact, we expect people to know that they can continue to engage, retain employment and find new jobs as needed,” Johnston said.
DeSantis responds to reports
In a statement released Friday, DeSantis said: In addition, as the workforce has increased for 12 consecutive months, we will continue to invest in advancing the economy. “
In addition, since mid-May, the state has been promoting the return of Floridians to the workforce, including early withdrawal from the two federal support programs and reinstatement of the “job hunting” requirement for those seeking unemployment benefits.
“Florida citizens and businesses are confident in the state’s economy,” said Dane Eagle, director of the Florida Economic Opportunity Department.
Eagle said Florida’s current workforce of 10,590,000 is higher than its pre-pandemic workforce of 10,461,000 in February 2020. The workforce includes those who are employed and those who are unemployed but are actively seeking work.
However, other data show that Florida’s job market has not yet returned to pre-pandemic levels.
- Florida’s 4.6% unemployment rate remains higher than the 3.3% in February 2020, just before the pandemic.
- Florida lost 1,269,200 jobs between February and April 2020, and has since regained 86.6% of the lost jobs, or 1,099,500.
Johnson said Floridian’s voluntary quitting of work has increased for the seventh straight month, saying that “individuals are more optimistic about their ability to find a job if they quit their current job.” It shows. “
In addition, people who were not previously engaged in the workforce have entered the labor market, showing that “individuals who were not previously looking for a job are confident that they can use the job. It is also an indicator of “strengthening the labor force of the entire state”. Supply “.
Of the 10 occupations, Florida’s largest employment earners are leisure and hospitality, with an increase in employment of 16,600 from September to October.
According to Johnston, the most sought after jobs are in the office, administration, sales and healthcare sectors, according to the latest data on online classified ads.
Johnston also quoted another data from the US Bureau of Labor Statistics. Known as the Jobs and Labor Turnover Survey or the JOLTS Report, we found that:
- Jobs in Florida in September were 609,000, the latest figure, up 216,000, or 55%, from a year ago.
- The number of hires in September was 414,000, an increase of 190,000 (85%) from a year ago.
- The number of people who voluntarily resigned in September was 279,000, an increase of 55,000 (25%) from a year ago.
“This means companies are actively hiring that number of jobs,” Johnston said. “So there is a chance.”
Johnston said it was a sign that many of them were convinced they would find a better job.
Breverd, city number
Brevard County had 3.7%, the 21st lowest unemployment rate among the 67 counties in the state. It was connected to the state’s 24 metropolitan areas with the sixth lowest unemployment rate of any metropolitan area.
In October, Monroe County had the lowest unemployment rate (2.5%), followed by St. Johns County (2.9%), Wakulla County (3.1%), Nassau, Okaloosa and Santa Rosa counties (3.2% each). I did.
Hendry County (6.3%) had the highest unemployment rate in October 2021, followed by Putnam County (5.9%), Hamilton County and Highland County (5.4% each), and Osceola County (5.3%). I did.
Metropolitan unemployment rates ranged from 5.4% in Sebring to 3.2% in Crestview / Fort Walton Beach / Destin.
DEO is also tracking the unemployment rates in the four most populous cities in Boulevard. These numbers are:
- Melbourne: 4.2 in October increased from 4.1% in September. It peaked at 13.8% in April 2020 and was 3.3% just before the February 2020 pandemic.
- Palm Bay: No change from 4.1 and September in October. It peaked at 13.5% in April 2020 and was 3.4% just before the February 2020 pandemic.
- Rockledge: October was 3.3, up from 3.2% in September. It peaked at 12.2% in April 2020 and was 3.1% just before the February 2020 pandemic.
- Titusville: 4.2 in October was down from 4.4% in September. It peaked at 15.4% in April 2020 and was 3.5% just before the February 2020 pandemic.
The national unemployment rate was the same as last month’s Florida unemployment rate. It was 4.6% in October, down from 4.8% in September 2020 and 6.9% in October 2020.
On Thursday, the U.S. Department of Labor reported that an estimated 268,000 first-time unemployed claims were filed nationwide during the week ending November 13. This shows that the number of applications has decreased for the seventh straight week.
White House spokesman Jen Psaki pointed out such indicators on Thursday, promoting President Joe Biden’s treatment of the economy.
“This is further evidence that the president has successfully vaccinated Americans and gained financial support from the middle class, and our recovery is for a continued and strong economic recovery. It means putting us in a better position than any other companion, “Pusaki said.
Jim Turner, a Florida news service, contributed to this report.
Unemployment will drop to 3.7% in Brevard and 4.6% in Florida
Source link Unemployment will drop to 3.7% in Brevard and 4.6% in Florida