As construction improved and service jobs steadily gained, Florida’s economy in July continued its modest recovery as the unemployment rate held steady at 7.1 percent for the third month.
The state lopped a significant portion off its rate earlier this year, dropping from 7.8 percent in January and beating the national average for the first time in this recovery as of March. In July, job creation was the strongest all year, with 27,000 added.
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Florida job growth in July, past year
Construction 3,700 … 15,700
Manufacturing 1,400 … -2,100
Retail Trade 10,400 … 47,800
Professional and Technical Services 3,300 … 12,900
Administrative and Waste Services 5,800 … 12,100
Health Care and Social Assistance -1,000 … 14,500
Accommodation and Food Services 6,100 … 22,400
Federal Government -500 … -2.700
State Government 300 … -2,400
Local Government -6,700 … -900
Source: Florida Department of Economic Opportunity