April 12, 2010

The national recession that officially began in December 2007 started hitting Florida several months earlier.  For almost three years now, the number of jobs has dropped almost every month, from a peak in March 2007 to a low in January 2010.

For the first time in 34 months, however, Florida actually gained a substantial number of jobs in February--26,300.  One month doesn't make a trend, of course, but it may indicate that the period of job losses in Florida may have come to an end.

The leveling off of job losses may reflect the billions of dollars injected into Florida’s economy by the American Recovery and Reinvestment Act.  These "stimulus funds" helped preserve jobs funded by government, particularly teachers and others school workers.  In addition, some of the federal money aided private employers, such as those who provide healthcare services funded by the Medicaid program.

A look at Florida's long, steady decline in nonfarm jobs:

 

 For more about Florida's unemployment situation, see our report on job losses.

 

Comments
Kwon Hong-Lee
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April 15, 2010 at 18:35
I wonder how much jobs gained are because U.S. Census? Do you think trend will broken after Census completed?
FCFEP Staff
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April 15, 2010 at 18:52
Good question. The February increase in jobs came BEFORE Census hiring, but job numbers in coming months will reflect new Census positions. Florida's Agency for Workforce Innovation said on March 26, when it reported the February job numbers: "Starting next week, after the Census April 1st deadline, up to 63,700 Floridians will work during the next six months..." in new Census positions. So those jobs will begin showing up in unemployment statistics for the month of April (which will be reported in May).
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