Jobs

FL Department of Economic Opportunity

Florida’s unemployment rate remains at five percent even -- unchanged from January to February. But the numbers appear to be at loggerheads when it comes to actual jobs.

The jobless figure remains constant, despite the loss of five thousand jobs last month – which may be an indication that Florida’s economic recovery is losing some steam. At the Department of Economic Opportunity, Director Cissy Proctor says they’re looking at the big picture.

In this week’s Economic Report, Dr. Rick Harper discusses a new Pew Research Center that looks at the state of American jobs. He also talked about the ITEN Wired summit, an annual networking and educational conference for tech and knowledge-based industries.

The study, which spans 1980-2015, finds that jobs that require higher levels of skill are growing faster than those that require fewer skills.

In this week’s Economic Report, Dr. Rick Harper discusses underperforming job numbers and where job growth is – and isn’t – in Northwest Florida.

The Automatic Data Processing Inc. Research Institute latest monthly report, released Wednesday, showed that while job creation was still occurring in April, it was at a slower pace than expected.

 

  In this week’s economic report, Dr. Rick Harper discusses the Commerce Department’s revised Gross Domestic Product report and good news about job growth for Florida.

 

The Commerce Department released their revised GDP report for the fourth quarter of 2015 this week and it beat expectations, surprising many.

 

“It came in at 1.4 percent growth and while that’s not a great growth rate – we would rather see growth at 2, 3 or even more percent per year, it was better than expected,” Harper said. 

 

WUWF Public Media

In this week’s economic report, Dr. Rick Harper discusses unexpected national job growth, movement toward building in the downtown technology park and the fight in the Legislature over BP oil spill recovery settlement funds.

The ADP Research Institute issued its monthly National Employment Report this week and noted that businesses added more jobs than expected last month.

“The ADP report came in surprisingly strong,” Harper said. “The consensus forecast had been for 190,000 net new jobs reported by ADP, but it actually came in at 214,000, about 10 percent above.”

In this week’s Economic Report, Dr. Rick Harper discusses a reduction in unemployment benefit claims, a healthier job markets and the success of the recent EntreCon business convention held Nov. 5-6 in Pensacola.

Harper said that both the weekly number and the four-week moving average for jobless claims are down well below 300,000 per week, which signals a “pretty decent jobs market.”

   Students and others looking for a job in Information Technology can hear from a variety of people in the field this Thursday evening in Pensacola.

In this week’s Economic Report, Dr. Rick Harper discusses the latest GDP figures, initial jobless claims for June, and pending home sales.

The Commerce Department says the gross domestic product, the economy's total output of goods and services, expanded at a 2.3 percent annual rate in the second quarter, led by a surge in consumer spending and a recovery in foreign trade.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the latest jobless claims report, another decline in mortgage rates, fluctuating oil prices, and a new Census Bureau report on the fastest growing cities in the U.S.

“The latest report was good,” said Harper noting that 282,000 people filed initial claims for jobless benefits. “Any time you’re down below 300,000, clearly it’s a good sign for the labor market.”

According to the Labor Department, the number of people applying for unemployment benefits fell by 9,000 last week.

University of West Florida

This week Dr. Rick Harper wrote several reports on jobs across the region, in Panama City, Okaloosa County, and Pensacola. He spoke with Sandra Averhart.

SA: "The Pensacola area sees job gains in December- Real estate, hospitality among sectors that have hit pre-recession employment levels."

Florida's unemployment rate continued to drop in December, according to the new figures released by the Department of Economic Opportunity.

The state jobless rate dropped from 5.8% in November to 5.6% last month. That matches the national unemployment figure. DEO Commissioner Jesse Panuccio says in the western Panhandle, the numbers and job growth reflect the statewide trends and then some.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper provides analysis of local job growth during last year, which he details in his latest bi-weekly economics column.

The headline is ‘Pensacola-area job growth was better than expected in 2014.’

“What was really good news is that for the most recent twelve months, we actually saw a 3,400 job increase,” said Harper. That’s an increase of about 2.1 percent, which is slightly above the national figure of 2.0 percent, and a bit below Florida’s rate of 3.0 percent.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the latest Gross Domestic Product. The GDP report released last week was the second of three estimates for the second quarter. “The good news is that it’s up relative to the initial estimate,” says Harper. 

The initial estimate had been 4 percent.  The revised rate is 4.2% GDP growth. The biggest gains were in the areas of consumer spending, exports, and business investment spending.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper, assistant vice president of economic development at the University of West Florida, discusses the latest jobless claims report.

The U.S. Department of Labor report for the week ended Aug. 23 showed that the number of Americans filing new claims for unemployment benefits fell for a second straight week last week to 298,000, with a four-week average at 299,750.

University of West Florida

In this week's Economic Report, Dr. Rick Harper discusses the recent flood event and the expected high cost of repairing the damage to roads, infrastructure and other government and private property, likely in the hundreds of millions of dollars in each case.

The unexpectedly large volume of rainfall, up to 27 inches in some areas, brought floodwaters to some areas that had never flooded before. That means many homeowners will be forced to foot the bill for repairs themselves. 

Uiniversity of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the latest report from the U.S. Labor Department regarding the number of Americans filing for first-time jobless claims. Initial claims for state unemployment benefits dropped 32,000 to a seasonally adjusted 300,000 for last week. That was the largest decline since December 2012, and marked the lowest level since May 2007.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses U.S. Federal Reserve Chairwoman Janet Yellen’s first press conference on Capitol Hill. “It’s steady as she goes for Janet Yellen,” says Harper. He says it wasn’t notable for any change in policy, but for the same rookie error made by her predecessors Alan Greenspan and Ben Bernanke. “She made the mistake of being too direct in a response to a reporter’s question, and that sent the financial markets into a bit of a tizzy.”  

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses a rise in initial jobless claims.  The U.S. Labor Department says the number of people seeking unemployment benefits rose 8,000 last week to 339,000.