Jobless Rate in Florida Continues to Improve
In more good economic news for the state of Florida this week, the Florida Department of Economic Opportunity revealed Friday that the state's unemployment in February hit its lowest mark since October 2008, falling 0.2 percent from January to 7.7 percent.
Florida added 7,800 non-agricultural jobs from the previous month and up nearly 130,000 jobs year over year. Gov. Rick Scott took the opportunity to reiterate his job performance. The Florida governor said the state has created almost 230,000 jobs since he took office. Under Scott's watch, Florida has experienced the second largest reduction in unemployment in the nation, at 3.4 percent.
Earlier this week, it was revealed that consumer confidence among Floridians ticked up three points to 76 in March from February, according to monthly tracking numbers from the Bureau of Economic and Business Research, a division of the University of Florida.
In contrast to the mood in the rest of the nation, Floridians expectations about personal finances as compared to a year ago went up by four points to 68. The last time that level was reached was 1992, coming out of the prior two years of recession. Meanwhile, perceptions of U.S. economic conditions over the next year rose five points to 78. Both young and old felt good about the economy.
Read more about private sector job creation announced Friday.
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