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Tavares, Florida 32778

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Lake County unemployment rate drops more than 2% in 11 months

RELEASE DATE: April 9, 2013

TAVARES — According to Workforce Central Florida, a state agency, the unemployment rate in Lake County dropped from 8.3 percent in January 2013 to 7.6 percent in February. The county’s unemployment rate has dropped 2.2 percent since February 2012, when it was 9.7 percent.
The figures – while not seasonally adjusted – are compared against the Florida unemployment rate, which was 8.1 percent in February 2013, 8.0 percent in January 2013 and 8.7 percent in February 2012. 

“The county’s micro-region approach is allowing the department staff to get a better feel of the commercial growth happening throughout the county,” said Robert Chandler, director of Lake County’s Economic Development & Tourism Department. “We are seeing some positive business growth in Lake County, which translates into workforce opportunities for our residents.”

The unemployment rate in the Workforce Central Florida region (Lake, Orange, Osceola, Seminole and Sumter counties) was 7.1 percent in February 2013, the lowest since October 2008 when it was 6.8 percent. The region’s jobless rate was down 1.9 percentage points from 9.0 percent a year ago and was 0.4 percentage point lower than the state rate of 7.5 percent. Out of a labor force of 1,179,144, there were 83,892 unemployed residents in the region. 


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