Florida Jobs Report Shows Growth, Unemployment Rate Continuing to Drop

The Florida Department of Economic Opportunity (DEO) released the November jobs report along with labor force statistics, and the unemployment rate in Florida dropped to 4.5 percent. Compared to one year ago, the rate was a 5.4 percent.

State officials say the continued drop is more indication the “open for business” policies in Florida have kept Florida’s economy recovering from the pandemic-induced economic slow-down.

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Florida’s Unemployment Rate Increases in May

In the most recent data released by the Florida Department of Economic Opportunity (DEO) on Friday, the May unemployment rate in Florida was 4.9%, up .1% from the unemployment rate in April. 

 Although the the number of individuals who qualified for unemployment rose from 488,000 in April to 503,000 in May, the labor force increased by 72,000 people during the same time. 

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