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New Balance 373 Red

New Balance 373 Red

´╗┐Jobless rates stay flat for July DOCUMENT

The national unemployment rate dropped from 7.6 percent in June to 7.4 percent in July, but Goetsch said the true jobless New Balance 373 Grey And Purple

"It's symptomatic of a very weak recovery," said local economist David Goetsch. "It's a recovery, but it's so weak and tentative. It's up a little bit, down a little bit.

"The fact that so many new jobs are being added to the economy both over time and this month suggest that the positive economic trends we've had are continuing, so over time we think we'll see a decrease in the unemployment rate," Panuccio said.

Santa Rosa County tied with Baker and Orange counties for the 22nd lowest jobless rate in the state at 6.8 percent.

"I'm glad it's just even. Even right now is a victory," Goetsch said.

The Florida Department of Economic Opportunity released its July unemployment report Friday, which showed the state's unemployment rate at 7.1 percent for the third month in a row. Likewise, jobless rates in Walton, Okaloosa and Santa Rosa counties stayed flat from their June figures.

New Balance 373 Red

New Balance 373 Red

Florida's economic recovery has stalled.

"It's symptomatic of a very weak New Balance 373 Light Brown

recovery," said local economist David Goetsch. "It's a recovery, but it's so weak and tentative. It's up a little bit, down a little bit.

Okaloosa County had the next lowest unemployment rate at 5.1 percent.

rate in the state at 6.8 percent.

New Balance 373 Red

He said Florida added 34,000 private sector jobs in July. One thing affecting the jobless rate is that more people are re entering the workforce as the economy shows signs of improvement.

Although Walton County's July unemployment rate of 4.2 percent was unchanged from June, it tied with Monroe County for the lowest jobless rate in the state.

New Balance 373 Red

rate is much higher than that. The U6 unemployment rate for July, which includes people who have stopped looking for work and part time employees who want to work full time is at 14 percent, according to Macrotrends.

New Balance 373 Red

New Balance 373 Red

The Florida Department of Economic Opportunity released its July unemployment report Friday, which showed the state's unemployment rate at 7.1 percent for the third month in a row. Likewise, jobless rates in Walton, Okaloosa and Santa New Balance 373 Red Rosa counties stayed flat from their June figures.

The national unemployment rate dropped from 7.6 percent in June to 7.4 percent in July, but Goetsch said the true jobless rate is much higher than that. The U6 unemployment rate for July, which includes people who have stopped looking for work and part time employees who want to work full time is at 14 percent, according to Macrotrends.

"I think we might have reached a plateau where we can't push the rate down any farther without the economy making a more substantial improvement," Goetsch added.

Okaloosa County had the next lowest unemployment rate at 5.1 percent.

Jesse Panuccio, executive director of Department of Economic Opportunity, said the unemployment rate staying flat for the last three months is not a cause for concern.

"I'm glad it's just even. Even right now is a victory," Goetsch said.

New Balance 373 Red

Jesse Panuccio, executive director of Department of Economic Opportunity, said the unemployment rate staying flat for the last three months is not a cause for concern.

Although Walton County's July unemployment rate of 4.2 percent was unchanged from June, it tied with Monroe County for the lowest jobless rate in the state.

"The fact that so many new jobs are being added to the economy both over time and this month suggest that the positive economic trends we've had are continuing, so over time we think we'll see a decrease in the unemployment rate," Panuccio said.

He said Florida added 34,000 private sector jobs in July. One thing affecting the jobless rate is that more people are re entering the workforce as the economy shows signs of improvement.

New Balance 373 Red

"I think we might have reached a plateau where we can't push the rate down any farther without the economy making a more substantial improvement," Goetsch added.

New Balance 373 Red

Florida's economic recovery has stalled.

Santa Rosa County tied with Baker and Orange counties for the 22nd lowest jobless New Balance 996 Green

New Balance 373 Red

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