The State of Florida employment report for June shows that Leon County lost 1,393 jobs. This is the third month in a row that the number of people employed in Leon County has declined. This month’s loss follows losses of 628 jobs in May, and 1,211 in April.
The unemployment rate increased from 4.0% in May to 5.0% in June.
Despite these recent losses, approximately 1,000 more people were working in June of this year when compared to June of last year. The Leon County Jobs Report, listed below, shows that when compared to last June there are 1,069 more people working and the labor force has increased by 472 people. The unemployment rate in June 2015 was 5.3%. That rate has decreased to 5.0% this year.
Historically, Leon County loses jobs during April through June and rebounds from July to September. However, over the last three years the number of losses during the April-June period has increased each year. In 2014, 1,210 jobs were lost. This was followed by a loss of 2,179 jobs in 2015 and 3,232 in 2016.
The chart below shows the monthly number of jobs and also a line tracking the three-month average of people employed. The 3-month trend line and the monthly trend indicates that employment is headed down after the increases experienced from January through March.
Florida’s unemployment rate, as reported by the Local Area Unemployment Statistics (LAUS) program, increased from 4.4% in May 2016 to 4.9% in June 2016. This latest unemployment rate is down from 5.6% one year ago. The jobs report revealed that there were 34,000 less people were working in Florida in June than in May.
Job Growth Comparison
The table below, compares job growth among six governmental units since the beginning of 2016. The data shows that six months into the year, the Panama City MSA has outperformed the other areas with a job growth rate of 6.1%.