Warning: Constant ABSPATH already defined in /home/flanews/public_html/wp-config.php on line 34
Capitol News Service » Blog Archive » Unemployment Rate Drops to 11.4 Percent

Welcome to

Capitol News Service

Florida's Best Political Coverage on Television

 


 


 


Recent Posts

RSS Quote of the Day

  • Charles Baudelaire
    "Everything that is beautiful and noble is the product of reason and calculation."
  • Wilson Mizner
    "The best way to keep your friends is not to give them away."
  • Benjamin Disraeli
    "Silence is the mother of truth."
  • H. Jackson Brown, Jr.
    "Never forget the three powerful resources you always have available to you: love, prayer, and forgiveness."

Unemployment Rate Drops to 11.4 Percent

March 25th, 2011 by flanews

The state unemployment rate has fallen .4 percentage points from a month ago at 11.9 percent to 11.5. But there are still more than a million people looking for work. As Whitney Ray tells us, even as the economy improves, the rate is likely to stay high as people who previously stopped looking for jobs reenter the workforce.

After a year of searching, Georgia Mills Ferrel finally found a job as a nanny.

“With two young kids, they’re wonderful kids and it’s working out very well,” said Georgia.

Georgia met Governor Rick Scott Friday, the man who promises to get a huge chunk of the state’s one million jobseekers back to work.

“He’s trying his best. As long as he’s trying, and can hear all the people, fine with me, but I’m taken care of because I have faith,” said Georgia.

Florida’s unemployment rate has fallen from about 12 percent to 11.5 percent, but that’s not the whole story.

The unemployment rate could have dropped even more, but what happens is as the economy improves and jobs start to be created, people who previously stopped looking for work reenter the workforce and strangely enough that can drive the unemployment rate up.

If all eligible Floridians who didn’t have a job began looking for work right now, the unemployment rate would be around 20 percent

Still, Governor Rick Scott calls the 22 thousand jobs created last month encouraging.

“I am very focused on getting everybody back to work,” said Scott.

And as the economy turns around, Scott says he can speed up the process if lawmakers will just pass his jobs budget, but support for his plan, even among his own party, is low.

Florida has been adding jobs now for five straight months. The latest numbers mark the largest job growth the state has seen since 2007.

Posted in Business, Economy, Legislature, State News, Unemployment | No Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com