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Tampa Bay-Lakeland
Business Observer Friday, Nov. 18, 2011 8 years ago

Unemployment down to 10.3%

The state's jobless rate fell 0.3 percentage points over the month.

Florida's seasonally adjusted unemployment rate for October is 10.3%, according to new data published by the state's Department of Economic Opportunity today.

The state's economy added 9,500 net jobs last month, increasing the state's net job gains since the start of 2011 to 106,900 net new positions.

The Tampa Bay area continues to claim some of the Gulf Coast region's lowest unemployment numbers. In Hillsborough County, the unemployment rate was 10.0%, down 1.7 percentage points over the year. In Pinellas, the rate is at 9.9%, down 1.8 points.

However, nearby Pasco County has the region's highest rate, at 11.3%, down from 12.9% a year ago.

Sarasota and Manatee counties were both reported to have unemployment rates of 10.3% in October, down from 12.3% and 12.1% a year ago respectively.

Members of the labor force in Lee, Collier, and Charlotte counties continue to face the most difficult unemployment challenges in the region, with rates of 10.7%, 10.7%, and 10.6% respectively. Lee's rate is down 2.2 percentage points over the year, while rates in Collier and Charlotte are down 1.6 and 1.9 points respectively.

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