The Franklin County unemployment rate ticked upwards in November, just as it did in the other two counties in the CareerSource Gulf Coast region, Bay and Gulf.
Joblessness in Franklin County was at 3.3 percent last month, meaning just one out of 33 members of the workforce couldn’t find a job. This was one-half of 1 percentage point up from the October 2017 rate of 2.8 percent.
A total of 152 people were on the jobless rolls, 19 more than in October. In addition, the labor force shrunk by 75, from 4,699 to 4,624 workers.
Still, the county’s November rate was nearly a full point better than last November, when it was 4.2 percent and the labor force was larger at 4,483.
“Given the seasonality of much of our regional economy, it’s not surprising to see a small increase in the November unemployment rate as compared to October,” said Kim Bodine, executive director of CareerSource Gulf Coast. “The good news is that we remain below 4 percent unemployment across the board.”
Combined, the unemployment rate in the three-county region was 3.8 percent in November, 1.1 percentage points lower than the region’s year ago rate of 4.9 percent.
The region’s November unemployment rate was tied with the state rate of 3.8 percent. Gulf County had a 3.4 percent rate,, and Bay County 3.8 percent, both up by one-half of 1 percentage point from October.
Franklin County’s jobless rate was tied with Seminole County for the sixth best in the state, behind Walton, Wakulla and Monroe, all at 3.2 percent, Okaloosa at 3.1 percent and St. Johns at 3 percent.
CareerSource Gulf Coast provides services to job seekers and employers in Bay, Gulf and Franklin Counties. Offices are operated in all three counties. Visitwww.careersourcegc.com to learn more about professional workforce development and job placement services, all offered at no charge.