Florida’s Unemployment Rate Hits 11 Percent

Florida’s unemployment rate hit 11 percent in September, sending the number of jobless residents of the state to a staggering 1 million for the first time in the state’s history. The state’s unemployment figures marks a 0.2 percent increase from August and are 1.2 percent higher than the national average of 9.8 percent.
October 1975 was the last time that Florida’s jobless rate topped 11 percent. According to the Director of the Agency for Workforce Innovation, Cynthia Lorenzo, the economic recovery is coming slowly. Lorenzo also pointed to the fact that there have been less closings and large-scale layoffs as a …read more