Florida Maintains 30 Months Without an Unemployment Record; according to recent labour statistics, Florida has seen job growth for 30 straight months.
In October 2022, Florida’s seasonally adjusted total non-agricultural employment increased by 36,400 jobs to 9,542,500. The Sunshine State increased its employment by 457,400 during the year or 5% more than the national average of 3.6%.
For the past 19 months, Florida’s private-sector employment growth has outpaced the national average. The overall number of jobs in the private sector increased by 447,800 over the year, or 5.6%, above the 4% annual growth rate in the personal sector positions nationwide.
According to Governor Ron DeSantis, no other state in the union could endure the direct effect of a Category 4 hurricane and continue to add employment in the same month.
“We have built a record budget surplus and provided historic tax reductions for Floridians while investing in our infrastructure and workforce.”
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Florida lost 1,282,500 jobs between February and April 2020, but since then has added 1,749,500 jobs to make up for those losses. The leisure and hospitality sector added 14,100 jobs in October, the largest of any primary industry.
Trade, transportation, and utilities generated 8,200 jobs, as did education and health services. In October, there was positive year-over-year job growth across all ten significant industries.
The sector that added the most jobs was leisure and hospitality, with 96,200, followed by trade, transportation, and utilities, with 92,000. The data show that manufacturing added 28,600 jobs, construction added 21,100 jobs, the total government added 9,600 jobs, professional and business services added 57,200 jobs, financial activities added 38,700 jobs, other services added 28,900 jobs, education and health services added 76,800 jobs, and information added 8,100 jobs.
Twenty-two of Florida’s 24 metro areas saw year-over-year job growth in October 2022. Miami-Miami Beach-Kendall saw the most significant gains, creating 75,000 jobs.
Orlando-Kissimmee-Sanford increased 64,200 jobs, while Tampa-St. Petersburg-Clearwater added 72,400 jobs. Only one metro area, Sebring, lost 300 jobs over the year.
Homosassa Springs, one metro region, had steady employment statistics over the year. According to state data, Florida’s unemployment rate of 2.7% is lower than the national average of 3.7% and has been for 23 straight months.
The lowest unemployment rates in October were 1.7% in Monroe and Miami-Dade counties, 2.1% in St. Johns County, and 2.2% in Okaloosa County. The highest unemployment rate was 4.5% in Hendry County, 4.3% in Highlands County, 4.4% in Citrus County, and 4% in Charlotte County.
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