Did You Know Florida’s Private-Sector Has Created 651,300 Jobs Since December 2010?
Did You Know?
Florida job creators added 12,800 private-sector jobs over the month of September which helped lower Florida’s seasonally adjusted unemployment rate to 6.1%, down two basis points to one of the lowest since the recession began. Nine of the ten major industries across Florida experienced positive over the year job growth through September, with only government employment showing a decline over the year. In September, 66 of Florida’s 67 counties saw unemployment drop.
Since December of 2010, Florida has added 651,300 private-sector jobs and we have dropped five percentage points in unemployment, reducing Florida’s unemployment rate from 11.1% to 6.1%. Our state has experienced 50 consecutive months of positive job growth and Florida’s annual job growth rate has been better than the nation’s rate since April of 2012.
Forecasts from the July meeting of the Florida Economic Estimating Conference suggest that, assuming no significant changes, Florida is forecasted to add approximately 200,000 over the year as it marches back to its peak employment by 2016.
As we project forward to 2030, population growth and demographic changes are going to play a big part in Florida’s future workforce. Based on Florida Chamber Foundation estimates, we will need to create close to two million net new jobs across the state to maintain a six percent unemployment rate. “The kind of jobs we create will define the kind of Florida we live in,” said Chamber Foundation Executive Vice President Tony Carvajal. “As the global landscape continues to evolve and Florida positions itself as the leading place for talent and economic opportunity, we will need to maintain a focus on the diversification of our economy in every community in order to achieve global competitiveness, high wage jobs, and vibrant and sustainable communities.”
Tell Us Your Story
Is your community experiencing the benefits of the economic recovery of the last four years? What kind of activities would you like to see the state continue, or avoid, as we continue our growth? How is your community and industry preparing for the economy of tomorrow? Tell us your story.
Want to Take Part in Securing Florida’s Future?
The Florida Chamber Foundation is currently recruiting the brightest minds from industry across the state to help us secure Florida’s future. If you would like to have your voice heard as we prepare the Cornerstone 2030 report, contact Tony Carvajal today.
Are you interested in your community joining a Six Pillars Caucus or becoming a Six Pillars Community?
Want to learn how The Florida Scorecard can work for your organization? Let us know by emailing us at tlowe@flfoundation.org.
About the Florida Scorecard Did You Know:
The Florida Scorecard, located at www.TheFloridaScorecard.com, presents metrics across Florida’s economy? Each month, the Florida Chamber Foundation produces a Scorecard Stat that takes an in-depth look at one aspect of Florida’s economy. If you would like additional information on the Weekly Scorecard Stat or on the Florida Scorecard, please contact Tracey Lowe with the Florida Chamber Foundation at 850.521.1226 or TLowe@FLFoundation.org. You can also follow the Florida Chamber Foundation on Twitter at @FLChamberFDN.