Ocala and Palm Coast Metro Areas Continue to Lead in Largest Over-the-Year Unemployment Rate Drops

Nov 20 • 237 Views • View Comments

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CONTACT: DEO Communications, (850) 617-5600, media@deo.myflorida.com

OCALA AND PALM COAST METRO AREAS CONTINUE TO LEAD IN LARGEST OVER-THE-YEAR UNEMPLOYMENT RATE DROPS
14 of the state’s 22 Metro Areas experienced a 2.0 percentage point drop or greater since October 2011

TALLAHASSEE — Ocala led all of Florida’s metro areas with the largest over-the-year unemployment rate drop from October 2011 to October 2012, with a 2.8 percentage point decrease, followed by Palm Coast with a 2.5 percentage point decrease and Palm Bay-Melbourne-Titusville ranking third with a 2.4 percentage point drop. Overall, 14 of the state’s 22 metro areas experienced declines in their unemployment rates of 2.0 percentage points or greater during the same time period (not seasonally adjusted).

“Communities throughout Florida are growing jobs and opportunities for Florida families, and while we still have more work to do, Florida’s economy is moving in the right direction,” said Governor Rick Scott.

The Lakeland-Winter Haven, Sebastian-Vero Beach and Tampa-St. Petersburg-Clearwater metro areas were all tied with a 2.3 percentage point drop, followed by the Cape Coral-Ft. Myers, North Port-Bradenton-Sarasota and Orlando-Kissimmee-Sanford metro areas with 2.2 percentage point declines.

These regions contributed to Florida’s October 2012 unemployment rate declining to 8.5 percent, a 1.7 percentage point drop since October 2011 (seasonally adjusted) and the lowest since December 2008. During that time, Florida has created 80,500 private sector jobs.

To view the October 2012 monthly employment data visit:
www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

The Florida Department of Economic Opportunity combines the state’s economic, workforce and community development efforts. This new approach helps expedite economic development projects to fuel job creation in competitive communities. For more information, including valuable resources for employers and job seekers, please visit www.floridajobs.org.

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