Business

Florida jobless rate hits 15-year high; state leads in job loss

Florida's unemployment rate hit 7 percent in October, the highest rate in 15 years, the state labor department announced Friday.

That's an increase of half a percentage point from the previous month.

Miami-Dade's unemployment rate was 5.8 percent, up only one-tenth of a percentage point.

For the past 12 months, Florida has lost 156,200 jobs, more than any other state, including the much-larger California, which lost 101,300. From September to October alone, Florida lost 27,300 jobs, more than any state except Washington, according to federal statistics, also released Friday.

Read the full story at MiamiHerald.com.

California's unemployment rate abiove 8 percent

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