There were 1.14 million Floridians out of work in March, a new record-high 12.3 percent unemployment rate.
Joblessness was up one-tenth of a point from February. The state lost another 4,000 jobs last month and has shed 149,600 jobs in the last year. Florida’s jobless rate continues to exceed the nation’s unemployment, which stood at 9.7 percent in March.
Though 12.3 percent joblessness matches predications earlier this year, the rate could go higher still. “It’s possible that we could even exceed that rate. The rate could still go higher,” said Rebbeca Rust, chief economist for the Agency for Workforce Innovation.
State officials put their own positive note on the worsening statewide employment picture, saying things are getting worse less fast. Employment is among the last things to improve in a bad economy – a lagging indicator of how things are going. “Florida’s job market continues to show signs of improvement with job losses moderating and new job listings increasing,” said Cynthia R. Lorenzo, director of the state’s Agency for Workforce Innovation. “We continue to see encouraging indicators that Florida’s economy is on the road to recovery.”
Editors Note: Translation of the above – things are now so bad that it’s actually become good, or, there’s only one direction you can go from rock bottom! Of course, this is our little secret…the mainstream media would not want this word to get out, in fear of any negative reflection on President Obama and the Progressive Socialists now driving our economy.
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