Florida unemployment rate holds at 3.3% for 7th consecutive month
TALLAHASSEE — Florida had a drop in private-sector employment in October in the wake of hurricanes Helene and Milton, but the state’s unemployment rate remained at 3.3 percent for a seventh consecutive month.
The state Department of Commerce on Friday estimated 369,000 Floridians qualified as out-of-work in October, up 1,000 from September, while private-sector employment fell by 38,200 jobs last month.
The labor force of 11.03 million people decreased by 9,000. Department of Commerce officials attributed the continued shrinking of the labor force — down 31,000 over the past year — to retirements among Baby Boomers and Gen Xers.
The 3.3 percent unemployment rate was up from 3.1 percent in October 2023 but lower than last month’s national rate of 4.1 percent.
Across Florida, the Miami-Fort Lauderdale-West Palm Beach metropolitan statistical area had the lowest unemployment rate in October at 2.9 percent.
The Panama City and the Crestview-Fort Walton Beach-Destin areas were at 3.2 percent. Among other regions, the Jacksonville and Orlando-Kissimmee-Sanford areas were at 3.5 percent. Pensacola was at 3.6 percent. and the Tampa Bay-St. Petersburg-Clearwater area was at 3.8 percent.