Northeast Florida’s jobless rate fell in May to its lowest level of the year, in a month when new college graduates entering the labor market typically send unemployment higher.
The unemployment rate in the Jacksonville metropolitan area of Baker, Clay, Duval, Nassau and St. Johns counties fell from 3.2% in April to 3% in May, the Florida Department of Commerce reported June 21.
The number of Northeast Florida residents with jobs rose slightly but the size of the labor force dropped in May, reversing the typical seasonal trend, sending the rate lower.
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