Unemployment In Escambia, State Increases

September 20, 2008

Florida’s unemployment rate is the highest level it has been in more than 13 years, jumping to 6.5 percent.

That equates to 606,000 people out of work out of a labor force of 9,320,000.

In Escambia county, the umemployment rate for August was 6.1 percent, or 8,828 people out of 144,043 workers out of a job.

The unemployment rate is up 0.3 percentage point from the revised July rate of 6.2 percent and is up 2.3 percentage points from the August 2007 rate. Florida’s August 2008 unemployment rate is the highest since January 1995, which was also 6.5 percent. The state’s current unemployment rate is 0.4 percentage point higher than the national unemployment rate of 6.1 percent.

Florida’s annual nonagricultural employment growth rate for August 2008 is -1.2 percent. The rate represents a loss of 99,100 jobs from August 2007, to reach a total employment level of 7,924,400. This is slower than the national rate for August which is -0.2 percent. The August 2008 job growth rate continues the trend of negative over-the-year growth that began in September 2007, primarily due to declines in construction.

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Written by William Reynolds · Filed Under News