Fla. Unemployment Rate Drop Not Completely From New Job Creation

CBS Miami

MIAMI (CBSMiami) – The August unemployment rate in Florida was unchanged from July at 8.8 percent. But, the reason behind the rate holding steady and even dropping in Miami-Dade and Broward County was not from job creation or job market improvement.

Instead, it was from people dropping out of the work force and jobs simply vanishing, despite the state’s claims that roughly 23,000 jobs were created in August.

Looking at the local numbers, Broward County’s unemployment rate dropped 0.3 percent to 7.8 percent in August. Currently, 77,708 workers are unemployed in Broward County. August’s unemployment rate of 7.8 percent is nearly 2 percent lower than in August 2011.

But, when you crunch the numbers down further, things don’t look nearly as rosy. The overall labor force in Broward County shrank by 7,418 people in August and the total number of jobs shrank by 3,535.

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