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Pinellas’ unemployment down to 6 percent
Local MSA leads the way in over-the-year job growth
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Graph courtesy DEO
This graph shows the continuing decline in unemployment in Florida, shown in blue, and the United States, shown in purple. Information comes from the U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program, in cooperation with the Florida Department of Economic Opportunity and Bureau of Labor Market Statistics.
The not seasonally adjusted unemployment rate in Pinellas County was 6 percent in November, down from 7.9 percent reported in 2012, according to a report released Dec. 20 by the Florida Department of Economic Opportunity.

November’s rate was down from 6.2 percent reported in October.

Pinellas County’s unemployment is lower than the state’s not seasonally adjusted rate of 6.2 percent and then national not seasonally adjusted rate of 6.6 percent.

The county’s labor force was slightly less in November, 447,103, compared to 448,908 in October, but is significantly higher than November 2012 with 443,021. According to the state’s report, 26,860 people were unemployed in November, down more than 1,000 from the 27,949 reported as unemployed in October. In November 2012, 34,950 Pinellas County residents were reported as unemployed.

The unemployment rate for the Tampa-St. Petersburg-Clearwater metropolitan statistical area also continues to fall. The MSA, which includes Hernando, Hillsborough, Pasco and Pinellas counties, had a not seasonally adjusted rate of 6.2 percent in November. The local area reported 6.4 percent unemployment in October and 8.1 percent in November 2012.

The local MSA continues to top the list of 22 metro areas with over-the-year job gains. The Tampa-St. Petersburg-Clearwater MSA added 39,300 jobs, an increase of 3.3 percent. In second place, Orlando-Kissimmee-Sanford added 28,900 jobs, an increase of 2.7 percent, and Ft. Lauderdale-Pompano Beach-Deerfield Beach took third place with the addition of 17,700 jobs, 2.4 percent.

With a 6 percent unemployment rate, Pinellas and Hillsborough counties tied for the No. 41 ranking among the state’s 67 counties. Other counties in the local MSA ranked higher with Hernando County taking the No. 10 spot with 7.7 percent unemployment and Pasco County with a rate of 7 percent tied with Miami-Dade and Taylor County for the rank of No. 20.

Monroe County continues to report the lowest unemployment rate in the state at 3.7 percent and is ranked at No. 67. Hendry County has the highest rate of 11.3 percent and ranks No. 1.

Over the year, the industry gaining the most jobs was trade, transportation and utilities, which added 56,800 jobs, 3.7 percent. Professional and business services added 38,700 jobs; leisure and hospitality, 29,100; construction, 24,300; and private education and health services, 21,800 jobs.

The only major industry reporting job losses over the year is total government. According to the state’s report, the loss of 5,000 jobs was a combination of federal and state government staff reductions.

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