Economy

Unemployment takes charge in South Florida

In recent times it has been noticed that the unemployment increased in both Palm Beach and Broward counties, especially during May 2013 and it moved up to 5.7 percent in Broward, from 5.6 percent in April 2013. Meanwhile, in Palm Beach it has gone up to 7.0 percent from 6.8 percent in April of this year.

Unemployment in Florida went down to 7.1 percent in May 2013, from 7.2 percent in April 2013. On the other hand, South Florida’s and the state rates are still lower than what they were exactly one year ago – in May 2012 – when the unemployment was 7.4 percent in Broward. When it comes to Palm Beach, it was 8.6 and 8.8 percent across the state, also in May 2012.

Back then, the number of jobs that were added in the state was 122,500 or 1.7 percent, which is ahead of the national job growth rate of 1.6 percent. Most of the jobs were added in retail, hospitality and construction in Broward and the jobs were lost in education and health services sectors.

It was also noticed that there were job gains in Palm Beach country in the field of education, retail and health services. There are about 671,000 unemployed in Florida, out of a labor force of 9.4 million.