Florida Unemployment Hits Lowest Level in 19 Months, But Tops 13 Percent in Miami-Dade
Well, here's the "good" news. Florida's unemployment rate now sits at 10.8 percent according to numbers from the month of April. That's still stupendously high, and still well above the national rate of 9.2 percent. The bad news it that the unemployment actually rose in Miami-Dade in April, and is now at 13.1 percent.
he Miami rate is up from 12.9 percent in March.
The statewide rate fell from 11.1 percent in March, and hasn't been that low since September 2009. The state had hit a recent record of 12 percent unemployment ack in December 2010, so things are slowly improving. It's the fourth straight month the state rate has declined.
That doesn't do much good for us locally though. Miami-Dade only added 10,000 new jobs in April. That's down from the 11,900 new jobs added in March.
Though, the rate increase may be a small step backward on a long walk to recovery. Some economic indicators show that South Florida may have already hit unemployment rock-bottom and signs look good for a slow recovery.