By The Numbers: December 2011

Florida’s unemployment rate continued its gradual decline, reaching an even 10 percent in November.  With the economy showing signs of improvement, Florida’s annual job growth rate  has been positive for the past 14 months and the unemployment rate has dropped 1.9 percent from a year ago.  An assessment of Florida’s counties shows that Monroe County has the state’s lowest unemployment rate at 6.4 percent and Hendry County has the highest unemployment rate at 15.1 percent in November.  Since January 2011, Florida has added a total of 120,200 jobs to the economy.

*New data updates to www.TheFloridaScorecard.com for the month of December include:  High School Graduation Rate, Annual Average, Productivity, Business Starts, Business Closings, Trade Imports, Trade Exports, Venture Capital, Unemployment Rate, Monthly Employment, Energy Policy Rank, Consumer Confidence, Inflation (U.S. only) and Foreclosures.

Employment Data

November Employment

Florida: 7,281,700 (from 7,268,400)
Source: Agency for Workforce Innovation

U.S.: 131,708,000 (from 131,516,000)
Source: Bureau of Labor Statistics

November Unemployment

Florida: 10.0% (from 10.6 in October)
Source: Agency for Workforce Innovation

U.S.: 8.6% (slightly down from 9.0% from October)
Source: Bureau of Labor Statistics

November Employment by Industry (U.S.)

Biggest year-over gainers:

  • Education & Health Services (3.0%)
  • Trade, Transportation, and Utilities (2.5%)

Source: Agency for Workforce Innovation

Biggest year-over losses:

  • Information (4.5%)
  • Total Government (1.1%)

Source: Agency for Workforce Innovation

Consumer Data

November Consumer Sentiment Index

Florida: 65 (from 63 in October)
Source: Bureau of Economic and Business Research

U.S.: 64.1 (from 60.9 in October)
Source: Reuters/University of Michigan Surveys of Consumers (1964=100)

*Revised data

Personal Income: 3rd Quarter, 2011

Florida: 751,902,000,000 (0.1% from 2011: Q2)
Source: U.S. Bureau of Economic Analysis

U.S.: 12,953,429,000,000 (0.1% from 2011: Q2)
Source: U.S. Bureau of Economic Analysis

November Consumer Price Index

U.S.: (— remained unchanged from October, 3.4% year-over)
Source: Bureau of Labor Statistics

November Retail Sales

U.S.: $399.3 billion (0.2% from October, 6.7% year-over)
Source: US Census Bureau/Retail

Housing Data

November Foreclosures

Florida: Total units 24,739 (8,334 units, 25.2% over October, and 24.9% year-over)
Source: Agency for Workforce Innovation

November Median Sales Price, Single-Family Existing Homes

Florida: $130,100 (from $131,200 in October)
Source: Florida Realtors

October Housing Starts (one month lag)

Florida: 2,665 (2.4% from September, 30.2% year-over)
Source: Agency for Workforce Innovation and US Census Bureau

Housing Sales: 3rd Quarter, 2011

Florida: 38,560 units (9.0% from Q2, 10.6% 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

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