Florida’s unemployment rate is trending down. Regan McCarthy reports it’s 9.4-percent for the month of February, the lowest rate the state has seen in three years.
Florida’s chief economist Rebecca Rust says a lot of the reason for the state’s decreasing unemployment rates can be attributed to job growth in the state.
“Most of it now is due to people getting jobs because we see that the employment numbers are gaining more than the drops in the labor force when you look at it over the year.”
The Department of Economic opportunity says the number of jobs in the state has grown by about one-percent over the year. But the state is still lagging behind the rest of the country. The National unemployment rate is 8.3 and the country as a whole has seen a 1.5-percent job growth. Rust says when Florida is compared with populous states like Texas it falls somewhere in the middle-range.