By The Numbers: June 2011
In May, Florida posted the highest level of job creation of any state, with 28,000 jobs added back to the Florida economy. Florida’s unemployment rate also dropped for the fifth consecutive month to a level of 10.6%. Florida’s unemployment rate remains higher than the national average with the U.S. unemployment rate registering at 9.1% in May. Demand for labor in the state increased last month, with a reported 246,917 online job postings (seasonally adjusted) available to be filled. On the labor supply side, 980,000 Floridians remain jobless and an estimated 92,000 additional workers are considered “discouraged” and are not currently seeking employment.
Employment Data
May Employment
Florida: 7,238,300 (from 7,216,100)
Source: Agency for Workforce Innovation
U.S.: 131,043,000 (from 131,028,000)
Source: Bureau of Labor Statistics
May Unemployment
Florida: 10.6% (from 10.8% in April)
Source: Agency for Workforce Innovation
U.S.: 9.1% (from 9% in April)
Source: Bureau of Labor Statistics
May Employment by Industry (U.S.)
Biggest year-over gainers:
- Education & Health Services (2.3%)
- Trade, Transportation, & Utilities (1.6%)*
Source: Agency for Workforce Innovation
Biggest year-over losses:
- Construction (4.1%)
- Total Government (3.6%)*
Source: Agency for Workforce Innovation
*Indicates a change
Consumer Data
May Consumer Sentiment Index
Florida: 68 — (remained unchanged from April)
Source: Bureau of Economic and Business Research
U.S.: 74.3 (from 69.8 in April)
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
May Consumer Price Index
U.S.: (0.2% over April,3.6% year-over)
Source: Bureau of Labor Statistics
May Retail Sales
U.S.: $387.1 billion (0.2% from April, 7.7% year-over)
Source: US Census Bureau/Retail
Housing Data
May Foreclosures
Florida: Total units 19,192 (457 units,2.3% over April,62.1% year-over)
Source: Agency for Workforce Innovation
May Median Sales Price, Single-Family Existing Homes
Florida: $135,500 (5% year-over)
Source: Florida Realtors
April Housing Starts (one month lag)
Florida: 2,530 (7.4% from March, 19.1% year-over)
Source: Agency for Workforce Innovation and US Census Bureau
Housing Sales: 1st Quarter, 2011
Florida: 49,160 units (23.6% from 2010: Q4,17% 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
