A long positive streak is snapped
Any winning streak must end at some point.
That was the case for the county’s unemployment rate, which followed a region trend and ticked up in November.
This after setting a record for the lowest October unemployment rate in 17 years and the rate falling in eight of the prior nine months.
After slipping under 3 percent in October, the unemployment rate in Gulf Countuy rose to 3.4 percent in November, which was still well below the 4.5 percent in November 2016.
Bay County unemployment rose from 3.3 percent in October to 3.8 and in Franklin County the unemployment rate increased from 2.9 percent in October to 3.3 percent.
As a region, unemployment was at 3.8 percent in Novemger, well below the 4.9 percent of November 2016.
The region’s unemployment rate was the same as the state’s in November.
Out of a labor force of 97,975, which was up .8 percent from last year, there were 3,676 unemployed residents in the region.
“Historically in November we see a small uptick in unemployment over October and summer months due to the seasonal nature of our region,” said Kim Bodine, Executive Director of CareerSource Gulf Coast.
“We’re extremely happy to see all of our numbers under 4 percent. That’s good news across the region.”
The unemployment rate does not reflect those unemployed who are no longer receiving unemployment benefits nor does it include those who have stopped seeking employment.
Other good news in Gulf County included bed tax collections for the fiscal year which were up 14.34 percent, with annual collections topping $2 million at $2,015,887.82.
A strong September added to the growth, with a 20 percent increase in collections.
“We look to pacing as we expected,” said Kelli Godwin, executive director of the Gulf County Tourist Development Council.
Another positive came from the Building Department, which reported nine residential new construction permits pulled in November, with a total valuation of $2.4 million.
That makes it 107 new home permits in through the end of November, compared to 99 pulled all of 2016.
For the CareerGulf Coast region, industries gaining in jobs in the region over the year were: professional and business services (up 600 jobs); mining, logging and construction (up 600 jobs); government (up 400 jobs); financial activities (up 200 jobs); and trade, transportation and utilities (up 400 jobs).
According to the DEO, the manufacturing sector (down 100 jobs): education and health services (down 100 jobs); and leisure and hospitality (down 700 jobs) lost jobs year-over-year.
Information and other services industries were unchanged year-over-year.
CareerSource Gulf Coast operates offices in all three counties. Visit www.careersourcegc.com to learn more about professional workforce development and job placement services, all offered free of charge.
Help Wanted OnLine (HWOL)
Help Wanted OnLine Reports from the Conference Board showed a slight drop (-0.6%) in total online job postings for November across Bay, Gulf and Franklin Counties. The top five advertised occupations for November 2017 in the region were: Registered Nurses, Retail Salespersons, Heavy and Tractor-Trailer Truck Drivers, First-Line Supervisors of Retails Sales, General Maintenance and Repair Workers. This nearly mirrored the state’s top five advertised occupations: Registered Nurses, Retail Salespersons, First-Line Supervisors of Retails Sales, Heavy and Tractor-Trailer Truck Drivers, Customer Service Representatives.
The state unemployment rate was 3.8 percent in November 2017, up slightly from the 3.6 percent rate posted in October 2017. Total nonagricultural employment in Florida was 8,676,400 in November 2017, a gain of 195,000 jobs over the year (+2.3 percent). In November 2017, private-sector employment was 7,565,700, a gain of 182,800 jobs over the year (+2.5 percent).
In November 2017, 22 out of 24 metro areas in Florida had over‐the‐year job gains. The areas with the largest gains were Orlando‐Kissimmee‐Sanford (+38,800 jobs, +3.1 percent); Tampa‐St. Petersburg‐Clearwater (+30,600 jobs, +2.3 percent); and Miami‐Miami Beach‐Kendall (+27,100 jobs, +2.3 percent). The two metro areas losing jobs over the year were Cape Coral‐Ft. Myers (‐300 jobs, ‐0.1 percent); and Homosassa Springs (‐100 jobs, ‐0.3 percent).