|
Comprehensive Plan Economic Development Element
<br />Table 5.7: Indian River County Labor Force and Unemployment Rate
<br />Year
<br />Labor Force
<br />Average Annual
<br />Unemployment Rate for IRC
<br />Average Annual Unemployment Rate
<br />for State
<br />2002
<br />49,195
<br />7.9%
<br />5.5%
<br />2003
<br />49,693
<br />8.0%
<br />5.3%
<br />2004
<br />55,398
<br />7.6%
<br />4.8%
<br />2005
<br />57,294
<br />4.6%
<br />3.8%
<br />2006
<br />59,597
<br />4.2%
<br />3.4%
<br />2007
<br />60,439
<br />5.8%
<br />4.1%
<br />2008
<br />62,237
<br />8.1%
<br />6.2%
<br />Source: Florida Agency for Workforce Innovation, Bureau of Labor Market Information.
<br />As shown in Table 5.8, Indian River County's total labor force increased by 2,640 persons, or 4.4%,
<br />between 2006 and 2008. During that same time, the annual average unemployment rate increased by
<br />4.0 percentage points.
<br />Table 5.8: Indian River County Labor Force and Unemployment Rate by Month
<br />Month
<br />2006
<br />2007
<br />2008
<br />Labor
<br />Force
<br />Unemploy-
<br />ment
<br />Unemploy-
<br />ment Rate
<br />Labor
<br />Force
<br />Unemploy
<br />-ment
<br />Unemploy
<br />-ment
<br />Rate
<br />Labor
<br />Force
<br />Unemploy
<br />-ment
<br />Unemploy
<br />-ment
<br />Rate
<br />January
<br />58,773
<br />2,114
<br />3.5
<br />62,095
<br />2,842
<br />4.6
<br />62,744
<br />3,913
<br />6.2
<br />February
<br />58,393
<br />2,029
<br />3.4
<br />61,732
<br />2,679
<br />4.3
<br />62,355
<br />3,751
<br />6.0
<br />March
<br />58,892
<br />1,950
<br />3.2
<br />62,332
<br />2,633
<br />4.2
<br />62,617
<br />3,889
<br />6.2
<br />April
<br />1 58,991
<br />1,992
<br />3.3
<br />62,067
<br />2,614
<br />4.2
<br />62,053
<br />3,719
<br />6.0
<br />May
<br />59,316
<br />2,198
<br />3.6
<br />62,182
<br />2,898
<br />4.7
<br />62,496
<br />4,525
<br />7.2
<br />June
<br />59,864
<br />2,706
<br />4.4
<br />62,576
<br />3,689
<br />5.9
<br />62,289
<br />5,132
<br />8.2
<br />July
<br />60,008
<br />3,035
<br />5.0
<br />62,437
<br />4,132
<br />6.6
<br />62,643
<br />5,822
<br />9.3
<br />August
<br />59,799
<br />3,083
<br />5.1
<br />61,979
<br />4,192
<br />6.8
<br />62,552
<br />6,230
<br />10.0
<br />September
<br />59,869
<br />3,059
<br />5.0
<br />61,893
<br />4,368
<br />7.1
<br />62,026
<br />6,214
<br />10.0
<br />October
<br />59,810
<br />2,682
<br />4.4
<br />61,931
<br />3,939
<br />6.4
<br />61,648
<br />5,762
<br />9.3
<br />November
<br />60,455
<br />2,711
<br />4.4
<br />62,734
<br />3,728
<br />5.9
<br />61,800
<br />5,843
<br />9.5
<br />December
<br />60,989
<br />2,505
<br />4.0
<br />63,214
<br />3,755
<br />5.9
<br />61,614
<br />5,894
<br />9.6
<br />Average
<br />59,597
<br />2,505
<br />4.1
<br />62,265
<br />39456
<br />5.6
<br />62,237
<br />5,058
<br />8.1
<br />Source: Florida Agency for Workforce Innovation, Bureau of Labor Market Information.
<br />Community Development Department Indian River County 14
<br />
|