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Sunday, Jun 17, 2018
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Tampa Bay unemployment rate flat in July

TAMPA — The unemployment rates in Florida and the Tampa-St.Petersburg-Clearwater area remained flat from June to July, with a 7.1 percent statewide seasonally adjusted rate and a 7.3 unadjusted rate for the local metropolitan statistical area.

The U.S. unemployment rate in July was 7.4 percent, the lowest figure in five years,

The Florida statewide and regional report also showed year-over-year improvement.

A year ago, Florida reported an unemployment rate of 8.7 percent, or 815,000 people without jobs, compared with the 1.6 percentage point improvement this July when 665,000 were unemployed.

“It’s great news that with 34,500 new private sector jobs created in July, we are more than halfway to our goal of creating 700,000 jobs in seven years,” Gov. Rick Scott said.

Tampa-St. Petersburg-Clearwater led all Florida metro areas in year-over-year gains in non-agricultural jobs in July. It also led the other metro areas in over-the-year employment growth in construction, transportation, financial activities and education and health services.

The local area’s jobless rate improved 2 percentage points since July 2012, falling from 9.3 percent with 124,885 unemployed to 7.3 percent with 99,319 unemployed last month.

Hillsborough County unemployment last month was 7.1 percent, compared with 9.1 percent a year ago. Pinellas County unemployment was 7 percent in July, down from 8.9 percent a year ago, while Pasco-Hernando unemployment, rounding out the local MSA, was 8.2 percent in July, down from 10.6 percent a year ago.

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