By The Numbers: August 2011
The trend of employment growth in Florida took a step backward in July, with the state losing a reported 22,100 jobs. Loss of government and construction jobs were the primary contributor to the month over decline in employment level, and Florida’s overall unemployment rate still remains uncomfortably higher than the national average. Considering longer-term trends, Florida’s employment picture has improved over the last year with initial claims for unemployment compensation decreasing by 17.3% and five Florida industries reporting positive job growth. Occupational demand in nursing continues to lead job demand with nearly 12,000 advertised openings in Florida for Registered Nurses in July.
Employment Data
July Employment
Florida: 7,225,800 (from 7,247,900)
Source: Agency for Workforce Innovation
U.S.: 131,190,000 (from 131,017,000)
Source: Bureau of Labor Statistics
July Unemployment
Florida: 10.7% — (remained unchanged from June)
Source: Agency for Workforce Innovation
U.S.: 9.1% (from 9.2% in June)
Source: Bureau of Labor Statistics
July Employment by Industry (U.S.)
Biggest year-over gainers:
- Leisure & Hospitality (4.6%)
- Education & Health Services (2.2%)
Source: Agency for Workforce Innovation
Biggest year-over losses:
- Construction (6.5%)
- Information (3.9%)*
Source: Agency for Workforce Innovation
*Indicates a change
Consumer Data
July Consumer Sentiment Index
Florida: 68 (from 66 in June)
Source: Bureau of Economic and Business Research
U.S.: 63.7 (from 71.5 in June)
Source: Reuters/University of Michigan Surveys of Consumers (1964=100)
Personal Income: 1st Quarter, 2011
Florida: 757,083,000,000 (1.6% from 2010: Q4)
Source: U.S. Bureau of Economic Analysis
U.S.: 12,915,008,000,000 (1.8% from 2010: Q4)
Source: U.S. Bureau of Economic Analysis
July Consumer Price Index
U.S.: (0.5% over June,3.6% year-over)
Source: Bureau of Labor Statistics
July Retail Sales
U.S.: $390.4 billion (0.5% from June, 8.5% year-over)
Source: US Census Bureau/Retail
Housing Data
July Foreclosures
Florida: Total units 22,377 (1,392 units,5.9% over June,56.6% year-over)
Source: Agency for Workforce Innovation
July Median Sales Price, Single-Family Existing Homes
Florida: $136,500 (1% year-over)
Source: Florida Realtors
June Housing Starts (one month lag)
Florida: 2,954 (0.4% from May,11.6% year-over)
Source: Agency for Workforce Innovation and US Census Bureau
Housing Sales: 2nd Quarter, 2011
Florida: 42,240 units (14.1% from Q1,2.5% year-over)
Source: National Association of Realtors
Note: All data is seasonally adjusted when available.
Definitions
Seasonally adjusted – Seasonal adjustment removes the effects of events (i.e. holidays) that follow a more or less regular pattern each year. These adjustments make it easier to observe the cyclical and other nonseasonal movements in a data series.
Source: Bureau of Labor Statistics
