State Jobless Rate at 3.7%

State jobless rate at 3.7%

Florida’s unemployment rate increased to 3.7% in April, the third time it has ticked up this year.

Florida’s unemployment rate inched up slightly in April

According to state and federal data, Florida’s unemployment rate inched up by 0.1% in April to 3.7%, still lower than the national average of 4.2%. According to data from the U.S. Bureau of Labor Statistics, the labor force participation rate was at 58%, down from a 10-year high in October 2019 when it was at 59.9%. The seasonally adjusted labor force participation rate is defined as the percentage of those either working or seeking work. Florid…