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

Unemployment down slightly

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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