Friday, March 13, 2009

Florida Unemployment Hits Record High

Highest Unemployment Since 1992

LABELLE, FL. -- Florida's seasonally adjusted unemployment rate for January 2009 was 8.6%. This represents 800,000 jobless out of a labor force of 9,256,000. The unemployment rate is 1.0 percentage point higher than the revised December rate of 7.6% and is up 3.6 percentage points from the January 2008 rate.

The state's current unemployment rate is 1.0 percentage point higher than the national unemployment rate of 7.6%. The January 2009 unemployment rate is the highest since September 1992, when the rate was 8.9%. Prior to 1992, the seasonally adjusted unemployment rate for Florida using the current methodology peaked at 9.7% in January, February, and March 1976.

Hendry county had a rate of 10.7% and Glades county 7.8%. Liberty county has the state's lowest rate of 5.5%

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