So much for the notion that Florida’s falling unemployment reflects a rebounding economy. A new report by the Florida Legislature’s Office of Economic Demographic Research says more than two-thirds of the decline in the jobless rate is because of a shrinking work force.
Statewide unemployment has fallen from 9.9 percent in December to 8.6 percent in May. But if the number of people in the labor force had held steady, unemployment would have fallen to only 9.5 percent, the state number crunchers say.
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