July 2020 unemployment rate is up to 11.3%

Florida’s seasonally adjusted unemployment rate was 11.3 percent in July 2020, up 1.0 percentage point from the revised June 2020 rate, and up 8.2 percentage points from a year ago. There were 1,125,000 jobless Floridians out of a labor force of 9,975,000.  The U.S. unemployment rate was 10.2 percent in July. 

Florida’s seasonally adjusted total nonagricultural employment was 8,465,700 in July 2020, an increase of 77,900 jobs (+0.9 percent) over the month. The state lost 497,700 jobs over the year, a decrease of 5.6 percent.  Nationally, the number of jobs fell 7.5 percent over the year. 

July labor statistics reflect the continued effects of COVID-19 and the efforts to reopen businesses and services. 

Florida’s Nonagricultural Employment by Industry (Seasonally Adjusted)

  • Florida lost 1,178,100 jobs from February to April 2020 and has since gained back almost half of the jobs lost (+572,200 jobs).
  • The number of jobs in Florida was 8,465,700 in July 2020, down 497,7000 jobs compared to a year ago. All ten major industries experienced negative over-the-year job growth in July.
  • The industry losing the most jobs over the year was leisure and hospitality (-254,400 jobs, -20.3 percent).

Other industries losing jobs over the year included professional and business services (-74,700 jobs, -5.3 percent); trade, transportation, and utilities (-58,500 jobs, -3.2 percent); other services (-33,900 jobs, -9.6 percent); education and health services (-33,200 jobs, -2.5 percent); manufacturing (-12,900 jobs, – 3.4 percent); information (-11,100 jobs, -8.0 percent); financial activities  (-9,200 jobs, -1.6 percent); government (-7,500 jobs, -0.7 percent); and construction (-2,300 jobs, -0.4 percent).

Local Area Unemployment Statistics (Not Seasonally Adjusted)

  • In July 2020, Lafayette County and Wakulla County had the state’s lowest unemployment rate (6.4 percent each), followed by Baker County and Gilchrist County (6.6 percent each), and DeSoto County (6.7 percent).
  • Osceola County had the highest unemployment rate (20.2 percent) in Florida in July 2020, followed by Orange County (16.1 percent), Miami-Dade County (14.2 percent), and Polk County (13.2 percent).

Area Nonagricultural Employment (Not Seasonally Adjusted)

  • In July 2020, 23 out of 24 metro areas in Florida had over-the-year job losses.  The areas with the largest losses were Orlando-Kissimmee-Sanford (-117,600 jobs, -8.9 percent), Miami-Miami Beach-Kendall (-75,900 jobs, -6.3 percent), and Fort Lauderdale-Pompano Beach-Deerfield Beach (-69,300 jobs, -8.1 percent).
  • One metro area in Florida experienced an over-the-year job gain in July 2020: The Villages (+300 jobs, +1.0 percent).

Source: Florida Department of Economic Opportunity Bureau of Workforce Statistics and Economic Research

                                                                                                                                                                   

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