Unemployment Drops Despite Small Job Loss
May 18th, 2012 by Mike VasilindaFlorida’s unemployment dropped three tenths of a percent to eight point seven percent in April. Despite the drop, a second survey found twenty seven hundred fewer jobs. Economists say the difference is statistically insignificant and may be due to sampling methods. State Labor Economist Rebecca Rust says the economy is still moving in the right direction.
“Everything is moving in the right direction, when we look at over the year and the trends,” Rust said. “The long term trend is as the unemployment rate drops, jobs increase, and when you look at it as a time series they’re still continuously improving. So we still feel good about the recovery, we still think it’s on track.”
More than 56 thousand jobs have been created since the first of the year.
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