Florida's unemployment rate was stable at 3.7% in July, with heightened demand for workers evidenced by an increase in job openings. The number of unemployed individuals grew by 2,000 from June to July, reaching 417,000. While the labor force expanded by 3,000, private sector jobs rose by 5,700 in July. Employment sectors varied, with financial activities gaining 5,200 jobs, whereas construction lost 1,000 jobs. The Miami-Fort Lauderdale-West Palm Beach area recorded the lowest unemployment at 3.4%.
Florida's unemployment rate remained steady at 3.7% in July, with job openings up year-on-year, indicating strong demand for labor and opportunities for unemployed individuals.
The labor force increased by 3,000 to 11.196 million with 417,000 qualified as unemployed in July, reflecting a slight increase in unemployment from June.
Private-sector employment saw a rise of 5,700 jobs in July after a drop of 21,000 jobs in June, signaling a bounce back in job growth.
Employment in the financial activities sector added 5,200 jobs in July, while the construction sector faced a dip of 1,000 jobs, highlighting varied performance across industries.
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