Make us your home page
Instagram

The numbers behind Florida's partial economic comeback

The Great Recession officially ended about five years ago. • How much has badly bruised Florida come back during this belabored recovery? How far do we have to go? And how have we changed? • Government number crunchers recently released new calculations. The adjusted figures haven't altered the thrust of the state's economic story: We're gradually getting back to work, but many of the fastest-growing industries have lower-paying jobs. Jeff Harrington, Times staff writer

Where the jobs are

Florida still has fewer construction, manufacturing and information jobs than it had before the recession. A jump in lower-paying tourism, health care and retail jobs gave those industries a bigger slice of the state's economic pie. Despite a focus on government cost-cutting, Florida has about the same percentage of local, state and federal government jobs as it did before the recession.

12,900

Jobs added from January to February

29,600

Jobs added over the past year

41,292

Online job openings advertised in February, most of any Florida metro

10,825

STEM (science, technology, engineering and math) job openings in February. Also the most of any Florida metro

500

Mining and logging jobs, the smallest industry in the region

227,400

Trade, transportation and utility jobs, our biggest industry

56,900

Local construction jobs, up from a recession low of 50,500 but far shy of the June 2006 peak of 95,300 construction workers

Tampa Bay recently relinquished its crown as the biggest job generator among Florida metros. Year over year, it now comes in third after Orlando and Miami.

Hardest-hit local county: Hernando with an unemployment rate of 8.6 percent, fourth-highest in the state. That's down from 9.7 percent a year ago.

Best-performing local county: Tie between Pinellas and Hillsborough, both at 6.3 percent. A year ago, Pinellas was at 7.7 percent and Hillsborough was at 7.6 percent.

Professional and business services led the way by adding 10,000 new jobs in the bay area over the year. Trade, transportation, and utilities came in second with 6,700 new jobs, followed by education and health services with 5,500 jobs.

 

Where the

money is*

Palm Bay-Melbourne: $838.29 (highest weekly earnings among Florida metros)

Orlando: $801.50

Jacksonville: $787.69

Tampa Bay: $780.19

Tallahassee: $770.50

Miami-Fort Lauderdale: $752.76

Gainesville: $699.84

Ocala: $582.78

Palm Coast: $491.51

 

U.S.

$830.75

Florida

$755.82

*Average weekly earnings in January 2014. U.S. figure is seasonally adjusted; other figures are not seasonally adjusted

Sources

U.S. Department of Labor; Florida Department of Economic Opportunity; Federal Reserve Bank of Atlanta; U.S. Department of Commerce Bureau of Economic Research; ADP Regional Employment Report; Times research

The numbers behind Florida's partial economic comeback 03/28/14 [Last modified: Monday, March 31, 2014 5:23pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Bucs and Bucks: HBO's Hard Knocks series boosts local businesses

    Business

    TAMPA — Men can enjoy yoga, including the most athletic ones. That is the message that the co-founder of Camp Tampa, a fitness studio located in South Tampa, wants to push after a few Tampa Bay Buccaneers players were shown practicing on HBO's television series Hard Knocks.

    Longtime hairstylist, Katie Ellwood styles Tampa Bay Buccaneers linebacker Kwon Alexander's hair last week at New Identities Hair Studio of Tampa Palms. The camera crew follows Kwon Alexander and other Bucs players during the team's training camp for the HBO show "Hard Knocks," a documentary television series about the ups and downs of an NFL training camp. [Courtesy of New Identities Hair Studio]
  2. Old Time Pottery adds store in Largo

    Business

    LARGO — A home decor and furniture store opened Thursday at 1111 Missouri Ave. N, according to a news release from the Central Pinellas Chamber of Commerce. This is Old Time Pottery's fourth location in the Tampa Bay area, joining stores in Kenneth City, New Port Richey and Brandon. The company, which has 41 …

  3. Tampa Bay has two new million-dollar ZIP Code areas — is yours one of them?

    Real Estate

    You might not be a millionaire, but chances are greater now that you live in a million-dollar Tampa Bay neighborhood.

    Tampa's ZIP Code 33606 is among the six bay area ZIPs in which at  least 10 percent of the homes are worth $1 million or more. This  Davis Islands home sold in January for $6.275 million. {Courtesy of Smith & Associates]
  4. Powerball jackpot climbs to $510 million, 8th largest

    Nation

    DES MOINES, Iowa — The Powerball jackpot has climbed to an estimated $510 million, making it one of the largest in U.S. history.

    A store clerk pulls a Powerball ticket from the printer for a customer, Tuesday, in Hialeah, Fla. The Powerball jackpot has has rolled 18 times, since the June 14, drawing, resulting in an estimated $510 million for Wednesday night's drawing. [Associated Press]
  5. Security threat leads Florida to cancel prison visitation

    Crime

    TALLAHASSEE — Visitation to all Florida state prisons has been canceled this weekend after evidence surfaced that inmates are planning possible uprisings to coincide with Saturday's march for prisoners' human rights in Washington, D.C.