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Tampa Bay-Lakeland
Business Observer Thursday, Mar. 10, 2011 11 years ago

Unemployment down slightly

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The state's unemployment rate fell 0.1 percentage points in January 2011.

Florida's seasonally adjusted unemployment rate is 11.9% for the month of January, according to the Agency for Workforce Innovation. That rate is down 0.1 percentage points from the state's December 2010 rate of 12%, but unadjusted numbers tell a different story.

In January of last year, 1,048,000 Floridians were without jobs out of a labor force of 9,093,000, translating to an 11.5% unadjusted unemployment rate. A year later, 1,083,000 people are jobless, out of a labor force of 9,187,000, for a rate of 11.8%.

In other words: the state's jobs market continues to worsen, according to raw data.

As a region, the Gulf Coast suffered from net job losses as well, with employment down by an estimated 1,469 jobs in 2010. But employers in the area's two most populous counties — Hillsborough and Pinellas — actually added 1,575 and 1,167 jobs to their respective markets.

But job increases do not always translate to a lower unemployment rate. Hillsborough's unadjusted rate rose 0.1 percentage points over the year, to 12.1%, while Pinellas' rate stayed constant, also as 12.1%.

Conversely, despite losing a small number of net jobs over the year, unemployment rates in Charlotte, Lee, Manatee and Sarasota counties all declined, resulting from reductions to each county's labor force.

A full county-by-county break down of changes in employment is provided below.

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