Gov. Scott: West Palm Beach Metro Area’s unemployment rate down to 6.3 percent

Today, Governor Rick Scott announced that the metro area’s unemployment rate declined by 1.0 percentage points over the year, from 7.3 percent in March 2013 to 6.3 percent in March 2014. Also, West Palm Beach metro area experienced positive annual job growth with an increase 14,900 jobs over the year in March 2014.

Governor Scott said, “With 14,900 new jobs over the year and an unemployment rate down to 6.3 percent, it is clear that our pro-growth policies are working for Florida families in the West Palm Beach area. We must continue to create an opportunity economy where businesses can grow and create jobs for generations to come, so let’s keep working.”

The industries with the largest job gains over the year were in professional and business services with 6,200 new jobs and education and health services with 2,900 new jobs. In March 2014, the West Palm Beach metro area was among the top three metro areas in Florida for gains over the year in professional and business services, and education and health services.

In March 2014, the West Palm Beach metro area had 19,078 online job openings. The metro area also had 4,236 STEM occupation openings. STEM is an acronym for science, technology, engineering and mathematics, and these jobs are considered high wage and high skill.

In March, CareerSource Palm Beach County, along with the state’s other 23 Regional Workforce Boards, reported more than 40,890 Floridians were placed in jobs. An individual who receives employment and training assistance through a One-Stop Career Center and finds a job within 180 days is deemed a placement and may be reported by a regional workforce board. Of these individuals, 8,617 previously received Reemployment Assistance. In 2013, more than 479,064 Floridians were placed in jobs, with 135,384 former claimants finding employment.

Florida’s statewide unemployment rate for March 2014 was 6.3 percent and the state’s labor force again increased over the month and over the year. Florida’s statewide unemployment rate has been below the national unemployment rate since August 2013, which was 6.7 percent in March 2014. Since December 2010, Florida has created 563,900 private sector jobs.

To view the March 2014 employment data visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

 

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