Department of Economic Opportunity releases Florida's employment numbers

Posted at 4:25 PM, Nov 16, 2018
and last updated 2018-11-16 13:49:58-05

TALLAHASSEE, Fla. (The News Service of Florida) - Florida's unemployment rate inched down to 3.4  percent in October, a 0.1 percentage reduction from September.

That's according to numbers released Friday by the state Department of Economic Opportunity.

The latest numbers point to the lowest jobless rate for the state since January 2007.

There are 345 thousand Floridians who qualify as unemployed from a workforce of 10.5 million.

The jobless number is down 14 thousand from last month and 51,000 from one year ago according to the DEO.

"In October, private sector businesses created over 21 thousand new jobs, which shows their continued confidence in our economy and their ability to find the workers that they need, right here in Florida," said Executive Director, Cissy Proctor.

The decrease comes as the national unemployment figure held at three-point-seven percent from month to month.

Florida's numbers were driven by service-related jobs, according to the state agency.

Modest gains were also reported in categories involving construction, financial activities, trade and utilities.