Make us your home page

Tampa Bay area job loss second worst in country

Tough news for the Tampa Bay area Tuesday from the Bureau of Labor Statistics: Of the 49 largest metropolitan areas, the Tampa-St. Petersburg-Clearwater area saw its jobless rate in November increase a whopping 3.3 percentage points — to 7.8 percent from 4.5 percent in November 2007. That percentage increase was second among big metro areas only to the 3.6-point jobless rate jump in the Providence, R.I., area. And it equals, interestingly, the 3.3-point bump reported in Charlotte-Gastonia-Concord, N.C.-S.C., a metro area that fared well in recent years until the banking industry started to suffer. In actual jobs lost, the Tampa Bay area shed 30,600 in the past year, BLS said. That's 15 percent of the 202,600 jobs lost statewide from November '07 to November '08. Only the larger Miami-Fort Lauderdale-Pompano Beach area shed more jobs — 59,300 (third largest among metro areas nationwide) — in the past year. Orlando proved resilient, shedding just 7,500 jobs in the same period. The national unemployment rate in November was 6.5 percent, 1.3 points lower than the Tampa Bay area's.

Tampa Bay area job loss second worst in country 01/06/09 [Last modified: Wednesday, January 7, 2009 11:40pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours