By The Numbers: May 2011
Florida’s Agency for Workforce Innovation announced the unemployment rate dropped to 10.8 percent in April, reaching a level not seen since November 2009 and fostering hope that a demonstrable jobs recovery is finally under way. It’s expected to remain one of the highest in the country, but represents a drop of 1.2 percent, since peaking at a modern-era record 12 percent in December in 2010. Flagler County had the highest record at 13.8 percent but Monroe County had the lowest record at 6.3 percent. The national unemployment rate remained lower than Florida’s, recording 9.5 percent in April.
Employment Data
April Employment
Florida: 7,216,100 (from 7,205,300)
Source: Agency for Workforce Innovation
U.S.: 131,028,000 (from 130,738,000)
Source: Bureau of Labor Statistics
April Unemployment
Florida: 10.8% (from 11.1% in March)
Source: Agency for Workforce Innovation
U.S.: 9% (from 8.8% in March)
Source: Bureau of Labor Statistics
April Employment by Industry (U.S.)
Biggest year-over gainers:
- Leisure & Hospitality (4.3%)
- Education & Health Services (1.6%)
Source: Agency for Workforce Innovation
Biggest year-over losses:
- Construction (5.8%)
- Information (3.1%)
Source: Agency for Workforce Innovation
Consumer Data
April Consumer Sentiment Index
Florida: 68 (from 72 from March)
Source: Bureau of Economic and Business Research
U.S.: 69.8 (from 67.5 in March)
Source: Reuters/University of Michigan Surveys of Consumers (1964=100)
Personal Income: 4th Quarter, 2010
Florida: 747,514 (from 739,751 in the Q3)
Source: U.S. Bureau of Economic Analysis
U.S.: 12,701,052 (from 12,582,051 in the Q3)
Source: U.S. Bureau of Economic Analysis
April Consumer Price Index
U.S.: (0.5% over March, 3.2% year-over)
Source: Bureau of Labor Statistics
April Retail Sales
U.S.: $389.4 billion (0.5% from March,7.6% year-over)
Source: US Census Bureau/Retail
Housing Data
April Foreclosures
Florida: Total units 19,649 (61 units,0.3% over March,59.4% year-over)
Source: Agency for Workforce Innovation
April Median Sales Price, Single-Family Existing Homes
Florida: $131,700 (6% year-over)
Source: Florida Realtors
March Housing Starts (one month lag)
Florida: 2,732 (29.5% from February,21.2% 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
