April 15, 2024

Following two month rise, Florida's unemployment claims down last week

First-time unemployment claims dipped in Florida last week after slowly rising over the past two months.

The U.S. Department of Labor estimated Thursday that Florida had 5,446 initial claims last week, down from a revised count of 6,619 during the week that ended April 9.

The Department of Labor report followed the state Department of Economic Opportunity last Friday reporting Florida’s unemployment rate dipped from 3.3 percent in February to 3.2 percent in March.

The March unemployment rate, which was down from 5.4 percent a year earlier, represented an estimated 339,000 Floridians qualified as out of work from a labor force of 10.51 million.

From February to March, 8,000 more people found work in Florida, while the labor force grew by 42,000.

Meanwhile, Department of Labor reports have indicated slight increases in all but one week in Florida since the week ending Feb. 26, when a 15-year low of 3,328 claims were filed.

Over the past four weeks, the state has averaged 5,431 new claims, and since the start of the year the average stands at 5,847 a week.

Tags: News Service of Florida

Florida Business News

Florida News Releases

Florida Trend Video Pick

Commercial rent tax cut coming sooner than expected
Commercial rent tax cut coming sooner than expected

Worldwide cruise rebound; Home insurance costs stabilizing; Inflation on the rise; Commercial lease tax drop; Florida Icon.

 

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Do you think recreational marijuana should be legal in Florida?

  • Yes, I'm in favor of legalizing marijuana
  • Absolutely not
  • I'm on the fence
  • Other (share thoughts in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.