The Florida Department of Economic Opportunity Announces Southwest Florida October 2020 Economic Data

Nov 20, 2020

TALLAHASSEE, Fla. — Today, the Florida Department of Economic Opportunity announced the Fort Myers area private-sector employment decreased by 5,800 jobs (-2.5 percent) over the year. The Fort Myers area’s unemployment rate was 5.5 percent in October. The Naples area private-sector employment decreased by 4,200 jobs (-3.0 percent) over the year. The Naples area’s unemployment rate was 5.1 percent in October.

The industry losing the most jobs over the year in the Fort Myers area was leisure and hospitality      (-6,700 jobs).   Two major industries gained jobs over the year in the Fort Myers area:  professional and business services (+2,400 jobs); and construction (+2,200 jobs).  The industries losing the most jobs over the year in the Naples area were: leisure and hospitality (-1,900 jobs); and trade, transportation, and utilities (-1,300 jobs).  Two major industries gained jobs over the year in the Naples area:  manufacturing (+500 jobs); and construction (+200 jobs).

Statewide, the number of private-sector jobs increased 61,100, up 0.8 percent from September 2020.  Florida’s unemployment rate decreased to 6.5 percent in October 2020.  Florida’s labor force was down 14,000 (-0.1 percent) over the month.

To view the October 2020 employment data, visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.  

 

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