Local
businesses
added
15,500
jobs
to
their
payrolls
over
the
past
year.
By MARK BASCH, The Times-Union
|
Jacksonville's
unemployment
rate fell in
February,
showing that
the local
economy
continues to
be strong.
The jobless
rate in the
Jacksonville
metropolitan
area -
consisting
of Duval,
Baker, Clay,
Nassau and
St. Johns
counties -
fell from
3.5 percent
in January
to 3.2
percent in
February,
the Florida
Agency for
Workforce
Innovation
reported
Friday.
The state
labor agency
does not
adjust the
data for
seasonal
factors. But
the
University
of North
Florida's
Local
Economic
Indicators
Project
reported
that when
the data are
seasonally
adjusted,
they still
show that
unemployment
dropped from
about 3.2
percent to
3.1 percent
in February.
"It suggests
that the
local
economy is
still quite
solid," said
UNF
economist
Paul Mason,
who
coordinates
LEIP.
The state
labor agency
also said
Jacksonville
businesses
added 15,500
jobs to
their
payrolls
from
February
2006 to
February
2007, a 2.5
percent job
growth rate.
The
fastest-growing
major
industry
sectors are
professional
and business
services,
which grew
jobs by 4.9
percent, and
education
and health
services,
which rose
by 4.8
percent in
the 12-month
period.
The major
downside to
the local
economy is
the
manufacturing
sector,
which
declined by
900 jobs, or
2.7 percent,
over the 12
months.
The data
show that
Jacksonville's
labor market
is stronger
than the
rest of the
state and
the rest of
the nation.
The labor
agency said
Florida's
statewide
unemployment
rate was
unchanged at
a
seasonally-adjusted
3.3 percent
in February,
with job
growth at
1.7 percent.
The U.S.
Labor
Department
reported
earlier this
month that
the national
jobless rate
fell from
4.6 percent
in January
to 4.5
percent in
February,
with job
growth at
1.5 percent.
The Georgia
Department
of Labor
said
Thursday
that the
unemployment
rate for
Southeast
Georgia fell
from 5.5
percent in
January to
5.1 percent
in February.
Statewide,
Georgia's
jobless rate
fell from
4.7 percent
to 4.4
percent. The
Georgia data
are not
seasonally-adjusted.
mark.basch@jacksonville.com,
(904)
359-4308 |