By The Numbers: October 2011
The employment situation in Florida is slowly improving as another 23,300 jobs were added to the economy in September and a total of 93,500 jobs were created since the beginning of 2011. Despite the recent turbulence in consumer confidence, consumers are more active than they were a year ago as retail sales in the U.S. edged up 7.9%, year over. The housing market in Florida remains a mixed bag with total housing sales and home prices remaining relatively stable, and housing starts experiencing a moderate climb of 27% since the same period last year.
*New data updates to www.TheFloridaScorecard.com for the month of October include: Trade Exports, Trade Import, Municipal Solid Waste, Monthly Unemployment Rate, Monthly Employment and Home Foreclosures.
Employment Data
September Employment
Florida: 7,253,900 (from 7,233,100)
Source: Agency for Workforce Innovation
U.S.: 131,334,000 (from 131,132,000)
Source: Bureau of Labor Statistics
September Unemployment
Florida: 10.6% (from 10.7 in August)
Source: Agency for Workforce Innovation
U.S.: 9.1% — (remained unchanged from August)
Source: Bureau of Labor Statistics
September Employment by Industry (U.S.)
Biggest year-over gainers:
- Leisure & Hospitality (6.4%)
- Education & Health Services (3.1%)
Source: Agency for Workforce Innovation
Biggest year-over losses:
- Information (4.1%)
- Construction (3.8%)
Source: Agency for Workforce Innovation
Consumer Data
September Consumer Sentiment Index
Florida: 64 (from 61* in August)
Source: Bureau of Economic and Business Research
U.S.: 59.4 (from 55.7 in August)
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
September Consumer Price Index
U.S.: (0.3% over August,3.9% year-over)
Source: Bureau of Labor Statistics
September Retail Sales
U.S.: $395.5 billion (1.1% from August,7.9% year-over)
Source: US Census Bureau/Retail
Housing Data
September Foreclosures
Florida: Total units 24,077 (508 units,2.2% over August,59.5% year-over)
Source: Agency for Workforce Innovation
September Median Sales Price, Single-Family Existing Homes
Florida: $133,900 (1% year-over)
Source: Florida Realtors
August Housing Starts (one month lag)
Florida: 3,351 (15.4% from July, 27.5% year-over)
Source: Agency for Workforce Innovation and US Census Bureau
Housing Sales: 2nd Quarter, 2011
Florida: 42,240 units (14.1% from Q1,2.5% 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
