Did You Know Florida Is Expected to Create 200,000 Jobs in 2016?
The new year is upon us and 2016 looks to be another banner year for Florida’s economy and job growth. Consider the following:
- In January 2015, the Florida Chamber Foundation’s Chief Economist Dr. Jerry Parrish forecasted that 250,000 jobs would be created,
- As of November 2015, Florida created a total of 239,600 net new jobs. When the December jobs numbers are released this month, the number should be very close to 250,000 for the year,
- Throughout the last 12 months, 1 in 11 jobs created in the U.S. were created in Florida, despite the state accounting for only 6.2 percent of the U.S. population, and 4.8 percent of the national economy, and
- Florida has reached a job growth milestone with the announcement of 1 million net new private sector jobs created since December 2010.
At the Florida Chamber Foundation’s CFO Roundtable last month, Chief Economist Dr. Jerry Parrish forecasted that Florida will create 200,000 jobs in 2016. In addition to the encouraging news from the job growth forecast, Florida is poised to gain 300,000 more residents. With 2 million jobs needed and 6 million more residents expected by 2030, Florida is well on track for a prosperous future. What is your community doing to improve job opportunities and prepare for population growth?
To learn more about policies and legislation affecting job creation, register to attend the 2016 Florida Chamber Board of Governors Capitol Days.
Did You Know Florida Job Growth is Up Nearly 17 Percent Since the Recession?
As we return to work after the Labor Day celebration of our nation’s workforce, now is a good time to reflect on how far Florida has come since the recession. The state’s job growth rate has risen steadily, adding nearly 1 million jobs since 2010 for an increase of 16.5 percent. Florida’s unemployment rate has dropped from 11.4 percent, at the height of the recession, to 5.4 percent.
While Florida is on the right track, there is still more work to be done. The Florida Chamber Foundation estimates that by 2030, the state will need an additional 2 million jobs to maintain a 5 percent unemployment rate. Florida must continue to diversify the economy and attract high wage jobs in order to compete in an increasingly global economy. What is your community doing today to prepare for the job demands of tomorrow?
To learn more about job growth and innovation, join us at the Florida Chamber Foundation’s Future of Florida Forum and Board of Governors Annual Meeting on September 28-29, in Orlando.
Did You Know in 2030, 1/3 of Florida’s Current Workforce Will be Retired or Planning to Retire?
Over the next 15 years, more than 2 million Floridians will celebrate their 65th birthday- about 700 every day- and become part of the 1 in 4 active seniors living here in 2030. Are you prepared for the disruption that retirement will have on your community’s workforce?
Since Florida’s aging population represents some of the most vibrant and engaged in the country, we should expect robust entrepreneurial and community level activity from them across the state. (Will Baby Boomers ever really slow down?)
It is not too soon to build cross-generational programs to leverage the insights and entrepreneurial spirit found in leaders of all ages in your company. Businesses and communities need to start preparing for the transfer of knowledge, adaptive living, healthcare, and service needs required to address this growing demographic.
“Among our state’s many unique resources are Florida’s vibrant senior communities,” said Kay Ayers, Senior Vice President of Human Resources at SantaFe HealthCare. “Ensuring their continued health and well-being reduces unnecessary healthcare costs, increases levels of volunteerism, and allows for the transfer of knowledge and skills to those entering the workplace – a critical component to meeting our future workforce needs.”
Share Your Story:
Is your organization preparing for the transfer of knowledge required by 2030? Is your community ready for the new normal? Send examples of your strategies or concerns to firstname.lastname@example.org.
About the Florida Scorecard:
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 Dr. Jerry Parrish with the Florida Chamber Foundation at 850.521.1283.