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By The Numbers: November 2011

Florida’s employment trends continued to improve in October with an employment gain of 9,500 jobs, in addition to Florida experiencing the thirteenth consecutive month of positive year over job growth.  A healthy tourism industry is helping drive Florida’s recovery with visitation up 5.1 percent over the year and overseas visitors up 18.7 percent in the third quarter of 2011.  Reports of national economic growth also show positive movement with the Gross Domestic Product increasing by a solid two percent in the third quarter.

*New data updates to www.TheFloridaScorecard.com for the month of November include:  Grade 08 Math Performance, Monthly Employment, Unemployment Rate and Housing Foreclosures.

Employment Data

October Employment

Florida: 7,268,400 (from 7,253,900)
Source: Agency for Workforce Innovation

U.S.: 131,516,000 (from 131,334,000)
Source: Bureau of Labor Statistics

October Unemployment

Florida: 10.3% (from 10.6 in September)
Source: Agency for Workforce Innovation

U.S.: 9.0% — (slightly down from 9.1% from September)
Source: Bureau of Labor Statistics

October Employment by Industry (U.S.)

Biggest year-over gainers:

  • Leisure & Hospitality (4.2%)
  • Education & Health Services (2.7%)

Source: Agency for Workforce Innovation

Biggest year-over losses:

  • Information (4.2%)
  • Construction (3.4%)

Source: Agency for Workforce Innovation

Consumer Data

October Consumer Sentiment Index

Florida: 63 (from 64 in September)
Source: Bureau of Economic and Business Research

U.S.: 60.9 (from 59.4 in September)
Source: Reuters/University of Michigan Surveys of Consumers (1964=100)

*Revised data

Personal Income: 2nd Quarter, 2011

Florida: 753,749,000,000 (1.3% from 2011: Q1)
Source: U.S. Bureau of Economic Analysis

U.S.: 12,975,924,000,000 (1.1% from 2011: Q1)
Source: U.S. Bureau of Economic Analysis

October Consumer Price Index

U.S.: (0.1% over September, 3.5% year-over)
Source: Bureau of Labor Statistics

October Retail Sales

U.S.: $397.7 billion (0.5% from September, 7.2% year-over)
Source: US Census Bureau/Retail

Housing Data

October Foreclosures

Florida: Total units 33,073 (8,996 units, 37.4% over September, and 41.8% year-over)
Source: Agency for Workforce Innovation

October Median Sales Price, Single-Family Existing Homes

Florida: $131,200 (4% year-over)
Source: Florida Realtors

September Housing Starts (one month lag)

Florida: 2,730 (18.5% from August, 20.2% 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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