Florida’s unemployment rate, what the experts predict

Jupiter Beach looking south from the Inlet

What can we expect here in Florida for 2010?  Florida’s unemployment rate continued rising to 11.5 percent in November, up from 11.3 percent in October, the Florida Agency for Workforce Innovation said today. The rate is likely to hit 12 percent in early 2010, according to both University of Central Florida economist Sean Snaith and the Florida Economic Estimating Conference.

Palm Beach County unemployment jumped to 11.7 percent in November from 11.5 percent in October. Martin County’s jobless rate spiked to 12.4 percent from 12 percent a month ago. St. Lucie County’s jobless rate remained at 14.7 percent, third-highest among Florida’s 67 counties.

November typically brings a dip in county jobless rates, which aren’t seasonally adjusted, as employers ramp up hiring for the holiday shopping spree and the tourist season. But not this year, as Florida remains mired in its worst labor market since the deep recession of 1975.
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