Wednesday, June 20, 2018
Business

By the numbers: 22 ways to slice Florida's reviving job market

Trying to assess the state's economy by simply noting that Florida now has a 7.7 percent jobless rate is like gauging the success of the Tampa Bay Rays by their low team batting average. One number just isn't enough information to flesh out what's really happening. • So let's take a quick look at a broader swath of statistics that — together — better measure the state of the Florida and Tampa Bay job scenes. There is progress in these numbers, but many more and better jobs still need to be created.

7.7 percent: The unemployment rates in Florida and the nation as a whole are now the same.

1.3 percentage points: The drop in Florida's unemployment rate in the past year from 9 percent to 7.7 percent.

2 percentage points: The drop in Tampa Bay's unemployment rate in the past year, to 7.4 percent from 9.4 percent.

11.4 percent: The state jobless rate, a modern-day record, reached in March 2010.

12.5 percent: Tampa Bay's jobless rate in early 2010.

6.6 percentage points: The difference in jobless rates between the county with the highest rate, Hendry at 10.8 percent, and the one with the lowest rate, Monroe at 4.2 percent.

729,000: Floridians technically still out of work.

128,100: Jobs created statewide between February 2012 and February 2013, ranking third among all states, behind only Texas and California.

33,200: Jobs created in Tampa Bay between February 2012 and February 2013, more than in any other metro area in the state.

700: Jobs lost in the past year in Panama City, the only state metro area to suffer a loss.

2,100: Construction jobs created in Tampa Bay from January 2012 to January 2013 after years of heavy losses.

3.2 percent: The increase in the average per capita personal income for Floridians in 2012, to $40,344, ranking 27th among the states.

4.7 percent: The increase in the average personal income for Floridians in 2011.

40: The rank of Tampa Bay among the 50 largest metro areas in economic confidence, says Gallup.

35: The rank of Tampa Bay among the 50 largest metro areas in Gallup's job creation index.

1.125 million: People employed in Florida in education and health care.

41,500: State job gains in leisure and hospitality in the past year, tops of any sector.

1.074 million: People employed in Florida in government.

11,100: Jobs lost in the government sector statewide in the past year.

Robert Trigaux can be reached at [email protected]

 
Comments
Developer proposes Sprouts Farmers Market for Land O’Lakes

Developer proposes Sprouts Farmers Market for Land O’Lakes

LAND O’LAKES – A Sarasota developer is proposing to turn a vacant Winn-Dixie store in central Pasco into a Sprouts Farmers Market or similar specialty grocer.Benderson Development filed preliminary plans Monday with Pasco County to redevelop the form...
Updated: 22 minutes ago
Clearwater’s Clegg Insurance Group buys Advanced Insurance Brokerage

Clearwater’s Clegg Insurance Group buys Advanced Insurance Brokerage

CLEARWATER - Clegg Insurance Group of Clearwater announced on Wednesday it has bought Brandon-based Advanced Insurance Brokerage.The merger creates a firm with more than 2,000 customers and more than $10 million in annual premiums. Terms were not dis...
Updated: 4 hours ago
Wine dinners, beer projects and more will wet your whistle this summer

Wine dinners, beer projects and more will wet your whistle this summer

FILIPINO FOOD: WELCOME CHISMISHave you been to the Heights Public Market at the 73,000-square-foot Armature Works yet? It’s the buzzy food market in Tampa Heights with more than a dozen vendors offering up everything from rolled ice cream to Cuban sa...
Updated: 4 hours ago
Citizens considers hiking homeowners insurance rates about 8 percent

Citizens considers hiking homeowners insurance rates about 8 percent

Citizens Property Insurance Corp.’s is weighing another round of hefty rate hikes.Staffers with the state-run insurer of last resort have proposed raising the average rates for homeowners by 7.9 percent — just under the legislative cap of 10 percent ...
Updated: 4 hours ago
A tight supply cuts into Tampa Bay homes sales while prices keep rising

A tight supply cuts into Tampa Bay homes sales while prices keep rising

Tampa Bay’s two largest counties showed anemic home sales in May as prices continued to rise due to a tight supply.In Pinellas, sales of single-family home plunged nearly 12 percent from the previous May, the second-worst showing in a year. Prices, t...
Updated: 4 hours ago
Pinellas County files suit against companies who built Public Safety Complex

Pinellas County files suit against companies who built Public Safety Complex

CLEARWATER –– The Pinellas County Public Safety Complex was built to withstand a Category 5 hurricane, but officials now say the $81 million fortress has water leaks and cracked walls.The county filed a lawsuit this month against Harvard Jolly, the S...
Updated: 5 hours ago
CEOs are calling the separation of children and families at the border ‘inhumane’ and ‘tragic’

CEOs are calling the separation of children and families at the border ‘inhumane’ and ‘tragic’

Democratic and Republican lawmakers have spoken out about the Trump administration’s hard-line "zero-tolerance" immigration policy that has resulted in a sharp rise in children separated from their parents at the southern U.S. border. The president o...
Updated: 6 hours ago
Demolition looms for old Bromley office building at Midtown Tampa

Demolition looms for old Bromley office building at Midtown Tampa

TAMPA — Over the past month, demolition crews have gutted the old five-story Bromley office building at the future site of the $500 million Midtown Tampa project.On Sunday, the remaining skeleton of the building is scheduled to come down.The demoliti...
Updated: 6 hours ago
What historically high lumber prices mean for Florida home buyers

What historically high lumber prices mean for Florida home buyers

Blame a lack of rail cars in Canada or not enough semi trucks in the United States. Forest fires didn’t help. Tariffs played a big role, too. Even the buoyant economy takes part of the rap for frothy lumber prices, which hit all-time highs las...
Updated: 9 hours ago
What historically high lumber prices mean for Florida home buyers

What historically high lumber prices mean for Florida home buyers

Blame a lack of rail cars in Canada or not enough semi trucks in the United States. Forest fires didn’t help. Tariffs played a big role, too. Even the buoyant economy takes part of the rap for frothy lumber prices, which hit all-time highs las...
Updated: 10 hours ago