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Despite the fact that the city’s unemployment rate slightly declined, the Tampa Bay area saw a decrease in monthly and yearly employment during October, and Tampa construction jobs accounted for the majority of that drop.

During October, the Tampa-St. Petersburg-Clearwater area saw its unemployment rate decrease from 11.8 percent to 11.7 percent, following an increase from 11.4 percent during September. That increase places the area’s current rate above the national unemployment rate of 10.2 percent.

The area had a total non-farm employment of 1,157,200 workers during October, according to the U.S. Department of Labor Bureau of Labor Statistics. This is down from 1,158,000 workers during September and a 4.8 percent decrease from last year.

Five industries managed to see a monthly increase in employment, including: information by 300 jobs; financial activities by 700 jobs; education and health services by 1,800 jobs; other services by 100 jobs; and government by 100 jobs. Employment in the mining and logging; construction; and trade, transportation and utilities industries remained even at 600 jobs, 62,000 jobs and 208,500 jobs, respectively.

However, only two industries saw a yearly increase in employment. The education and health services industry employed 173,900 workers during October, up from 172,100 workers during September and a 1.9 percent increase from last year. The other services industry employed 49,000 workers during October, up from 48,900 workers during September and a 1.4 percent increase from last year.

The construction industry took the biggest hit when compared to last year. The industry employed 62,000 workers during October, the same as during September, but a 15.3 percent decrease from last year.

Other industries that saw an over-the-year decrease in employment include:

• manufacturing by 10.4 percent
• trade, transportation and utilities by 7.4 percent
• information by 6 percent
• financial activities by 3.1 percent
• professional and business services by 7.2 percent
• leisure and hospitality by 2.2 percent
• government by 2.4 percent

This entry was posted on Wednesday, December 2nd, 2009 at 11:07 am and is filed under Construction, Tampa, job search. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.