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By The Numbers: January 2012

For the first time in over two years Florida’s unemployment rate dropped out of double digits in the month of December.  Registering an unemployment rate of 9.9% in December, Florida remains above the national unemployment rate average of 8.5%; however Florida’s economy is adding jobs back faster than anticipated in prior forecasts.  Overall Florida’s employment picture is improving with seven of Florida’s industries experiencing positive annual job growth and 66 out of 67 of Florida’s counties experiencing a drop in the unemployment rate over the year. The industry of Trade, Transportation, and Utilities added the most employment in Florida with 37,200 jobs created over the year.

*New data updates to www.TheFloridaScorecard.com for the month of January include: Monthly Employment, Unemployment Rate ,Youth Obesity, Personal Bankruptcy, Home Foreclosures, Home Ownership, Foreign Direct Investment, Trade Exports, Trade Imports.

Employment Data

December Employment

Florida: 7,291,500 (from 7,281,700)
Source: Agency for Workforce Innovation

U.S.: 131,900,000 (from 131,708,000)
Source: Bureau of Labor Statistics

December Unemployment

Florida: 9.9% (from 10.0% in November)
Source: Agency for Workforce Innovation

U.S.: 8.5% (from 8.7% in November)
Source: Bureau of Labor Statistics

December Employment by Industry (U.S.)

Biggest year-over gainers:

  • Leisure and Hospitality (3.3%)
  • Trade, Transportation, and Utilities (2.6%)

Source: Agency for Workforce Innovation

Biggest year-over losses:

  • Information (2.5%)
  • Total Government (0.7%)

Source: Agency for Workforce Innovation

Consumer Data

December Consumer Sentiment Index

Florida: 69 (from 66 in November)
Source: Bureau of Economic and Business Research

U.S.: 69.9 (from 64.1 in November)
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

December Consumer Price Index

U.S.: (— remained unchanged from November, 3.0% year-over)
Source: Bureau of Labor Statistics

December Retail Sales

U.S.: $400.6 billion (0.1% from November, 6.5% year-over)
Source: US Census Bureau/Retail

Housing Data

December Foreclosures

Florida: Total units 24,576 (163 units, 0.7% over November, and 4.2% year-over)
Source: Agency for Workforce Innovation

December Median Sales Price, Single-Family Existing Homes

Florida: $134,300 (from $131,100 in November)
Source: Florida Realtors

November Housing Starts (one month lag)

Florida: 2,338 (12.3% from October, 26.1% 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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