Florida’s jobless rate drops to 10.3 percent

TALLAHASSEE, Florida (AP) – Florida’s unemployment rate is continuing to fall.

State officials on Friday said the seasonally adjusted rate dropped by 0.3 percentage point to 10.3 percent in October.

That’s the lowest it has been in 28 months.

Florida’s rate has declined from a high of 12 percent at the end of last year but is still significantly higher than the nation’s. The national rate nudged down by a tenth of a percentage point to 9 percent in October.

Florida also added 9,500 jobs in October. That brings total new jobs created since January to 106,900.

Even so, 955,000 Floridians remained unemployed in October.

Gov. Rick Scott said the jobless rate decline is good news heading into the holiday season and shows Florida is moving in the right direction.