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May Unemployment Rate Nudges Up in Florida

TALLAHASSEE (by Alan McBride/FLA. NEWS NETWORK) -- The unemployment rate for the state of Florida was slightly higher in May than it was in April.
According to state economists, Florida's unemployment rate was 6.3 percent, which brings it in line with the national jobless rate for that same month.
It was an increase of a tenth of a percent for the Sunshine State.
State employment analyst Jessie Pannucio says that's just a month's worth of data; and you need to look at more if you want to see whether a trend is developing.
"If you look at out trend lines, really, you've got to look over four months at the very least to see a trend," he said. "And the trend lines are still good for the state."
Economists here say they expect to see the unemployment numbers to rise as the economy recovers.
The figures indicate that Florida lost about 18,000 jobs last month, marking the steepest decline in the nation.
Those numbers come from the U.S. Bureau of Labor Statistics.
Analysts here say Florida still is seeing job growth, with trade, transportation and utilities appearing to be among the professions that are growing the strongest.

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Topics : Business_FinanceLabor
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Locations : Florida
People : Alan McBrideJessie Pannucio