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it' CareerSource RESEARCH COAST EMPLOYMENT REPORT December 16, 2016 The unemployment rate in the CareerSource Research Coast region (Indian River, Martin,and St. Lucie counties) was 5.6 percent in November 2016. This rate was 0.1 percentage point higher than the region's year ago rate of 5.5 percent. Out of a labor force of 267,132 there were 14,900 unemployed residents in the region. In November 2016, nonagricultural employment in the combined CareerSource Research Coast metro areas was 193,600, an increase of 2,900 jobs (+1.5 percent) over the previous year. Unemployment Rates* (not seasonally adjusted) Nov 2016 Nov 2015 ' Oct 2016 Oct 2015 Florida's seasonally adjusted unemployment rate was 4 9 percent in November 2016, up 0.1 percentage pont fthe ober0, but down 0rom.2 percentOctage point2fro16 ratem 5 1 percent a year ago. There were 482,000 jobless Floridians out of a labor force of 9,881,000 The U.S. unemployment rate was 4.6 percent in November. CareerSource Research Coast 5.6 5.5 5.8 5.8 Indian River County 6.2 6.2 6.5 6.7 Martin County 4.9 4,9 5.0 5.0 St. Lucie County 5 7 5.6 5.8 5.8 Florida 4.8 4.9 4.9 5 1 United States 4.4 4.7 4.7 4.8 • Monthly employment and unemployment rates (not seasonally adjusted) at the state and local levels may have sharp fluctu tions due to seasonal events that follow a somewhat regular pattern eachyear. Seasonal events include tourism, agricultural harves s, holidays, and the opening and closings of schools. The effects these events have on labor statistics can be eliminated through seasonal adjustment, a statistical technique that smoothes the seasonal impacts and makes it easier to observe underlying trends. Seasonally adjusted unemployment rate estimates are available for Florida. Employment by MSA In the combined CareerSource Research Coast metro areas, the major industries that gained jobs over the year were: education and health services (+1,300 jobs); leisure and hospitality (+1,000 jobs); professional and business services (+400 jobs); other services (+400 jobs); government (+300 jobs); and mining, logging, and construction (+200 jobs). In November 2016 nonagricultural employment in the Sebastian -Vero Beach MSA was 50,500, an increase of 900 jobs (+1.8 percent) over the year. The Sebastian -Vero Beach MSA was tied for the fastest annual job growth rate compared to all the metro areas in the state in other services (+3.7 percent) in November 2016. The majority of the nonagricultural employment in the CareerSource Research Coast region was :n the Port St. Lucie metro area This metro area accounted for 143,100 jobs in November 2016, an Increase of 2,000 jobs from Nov. 2015 (+1 4 percent). The Port St Lucie MSA was tied for the fastest annual job growth rate compared to all the metro areas in the state in other services (+3.7 percent) in November 2016. Port St. Lucie MSA Education & Health Services Leisure and Hospitality Government 1000 800 300 Mining,Logging & Construction 100 Other Services 300 Sebastian -Vero Beach MSA Education & Health Services 300 Leisure and Hospitality 200 Mining, Logging & Construction 100 Trade/Transportation Utilities 100 Other Services 100 Next release will Friday, January 2O 2017 Administrative Offices • 584 NW University Boulevard, Suite 100 I Port Saint, FL Lucie, FL 34986 collatxlrare. innovate, careersourcerc:com An equal opportunely employer/program. Atadliary aids and services are available upon request to individuals wen disabilities All voice telephone numbers on this documeri may be reached by persons using TTY/TDD equipment via the Florida Relay Service al 711 P19