TALLAHASSEE, Fla. (AP) — Florida’s unemployment rate is dropping again.
The latest figures released Friday show that the state’s unemployment rate fell to 6.7 percent in October. It was 7 percent in August.
This is the lowest that the state’s unemployment rate has been since August 2008. There are an estimated 625,000 people out of work in the state.
Florida’s unemployment rate is below the national rate of 7.3 percent.
Federal statistics show that Florida had one of the largest growth in jobs across the nation. The federal government reported that the state added nearly 45,000 jobs last month.
The latest numbers also show that the state’s overall labor force grew between August and October. In the past a reason for the unemployment decline has been people leaving the labor force.
Source: Associated Press