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Florida jobs picture another mixed bag

Florida's unemployment rate fell slightly in August to 7 percent, from 7.1 percent the month before.

The rate has fallen 1.6 percentage points from a year ago and is at it's lowest point since September 2008.

Despite the drop in the unemployment rate, the state lost 4,700 jobs from July to August. There were 656,000 jobless Floridians out of a labor force of 9.39 million.

The unemployment rate and the job creation numbers, which come from two separate surveys, don't always improve together. The rate can improve even when job creation falters, in part because the overall labor pool shrinks, as it did in August. Anyone not actively looking for work is not counted as part of the labor pool and will not show up in the unemployment rate.

In the Tampa Bay area, the unemployment rate fell from 7.3 percent in July to 7 percent in August.

All five Tampa Bay area counties showed improvement in their unemployment rates from July to August. Pinellas and Hillsborough were lowest at 6.7 percent; Pasco County 7.8 percent; Citrus 8 percent and Hernando 8.5 percent.

The national unemployment rate for August was 7.3 percent.

Florida jobs picture another mixed bag 09/20/13 [Last modified: Friday, September 20, 2013 10:57am]
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