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Pinellas unemployment is up in July
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Pinellas County’s not-seasonally-adjusted unemployment rate is up to 6.4 percent, according to an Aug. 15 report from the Florida Department of Economic Opportunity.

The county’s not-seasonally-adjusted rate in June was 6 percent.

The July 2014 is a full percentage point below July 2013 when Pinellas’ unemployment rate was 7.4 percent.

Statewide, the not-seasonally-adjusted rate increased from 6.3 percent in June to 6.6 percent in July, down from 7.6 percent reported in July 2013. The national rate follows the trend with the not-seasonally-adjusted rate increasing from 6.3 percent in June to 6.5 percent in July. The national rate was 7.7 percent in July 2013.

The state’s seasonally adjusted rate for July was 6.2 percent, the same percentage reported in June. The national seasonally adjusted rate was 6.2 percent, up slightly from June with 6.1 percent.

The Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area reported a not-seasonally-adjusted rate of 6.8 percent, up from 6.3 percent reported in June. The local MSA reported unemployment rate of 7.6 percent in July 2013.

The local MSA also fell out of the top three areas for over-the-year job growth. In 2013, the local area was No. 1 in job growth for much of the year. Last month, it ranked No. 3.

Gov. Rick Scott shared the news that the state had created 2,100 private sector jobs in July.

“Florida’s private sector created more than 2,000 jobs for Florida families in July, bringing total private-sector job creation since December 2010 to 620,300,” Scott said in a press release. “Every new job positively impacts a family, and today’s announcement is more great news for Florida families looking to live the American Dream in the Sunshine State. Florida continues to see positive job growth, highlighting our economic recovery, so let’s keep working to make sure every Floridian who wants a job can get one.”

The state’s private-sector job growth has been positive for 41 out of the last 44 months.

The county’s labor force increased slightly to 455,820 in July, compared to 454,336 in June. The labor force in July 2013 was 447,715. Just over 29,000 were unemployed in July, up from 27,388 in June. In July 2013, 33,042 were unemployed in Pinellas.

The local MSA includes the counties of Hernando, Hillsborough, Pasco and Pinellas counties. Hernando County ranked No. 11 out of 66 with a not-seasonally-adjusted unemployment rate of 8.4 percent. Pasco tied with Levy County for the No. 20 rank with unemployment of 7.6 percent. Hillsborough tied with Charlotte, Gulf, Suwannee, Collier, Lee, Manatee and Palm Beach with 6.6 percent, the same as the state.

Pinellas County had the lowest unemployment rate of the counties in the local MSA, tying with Holmes, and Gilchrist counties for the No. 43 rank with 6.5 percent. The highest unemployment was reported in Hendry County, which ranked No. 1, with 12.5 percent. Walton and Monroe County tied for No. 66 with the lowest unemployment rate in the state, 3.9 percent.

The local MSA tied with Miami-Miami Beach-Kendall Metropolitan Division for the rank of No. 7 out of 23. Palm Coast MSA ranked No. 1 with 9.3 percent unemployment. Crestview-Ft. Walton Beach-Destin MSA ranked No. 23 at 4.9 percent.

Trade, transportation and utilities continues as the industry reporting the most job growth – 43,200 over the past three years. Construction comes in second in July with annual job growth of 40,600. Leisure and hospitality is in third place with 38,300 new jobs statewide. Government ranks last with only 400 new jobs.

Unemployment numbers for August will be released Sept. 19.
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