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.
Florida Businesses Create 36,900 Private-Sector Jobs in June
Florida led the nation in job growth during June by creating 36,900 private-sector jobs, according to new state economic data released today. Additionally, the statewide unemployment rate for June 2014 is 6.2 percent, down 0.1 percentage points from the May 2014 rate and 1.2 percentage points from the June 2013 rate of 7.4 percent.
Not only has Florida set a record for private sector job growth in June, our state also led the nation in overall job growth for June.
“Florida has become a national example of how growing one company at a time and one job at a time can secure a state’s future,” said Mark Wilson, President and CEO of the Florida Chamber of Commerce. “Governor Rick Scott’s effort to bring more companies and more private-sector jobs to Florida is further proof that Florida is on the right track and that Florida has the economic momentum to become the new model for saving our nation’s economy.”
According to the data:
- Florida has created 620,700 new private-sector jobs since December 2010,
- Miami-Dade had the biggest job growth month-over with 11,965 jobs in June,
- Walton County had the biggest job growth percentage month-over with 3.5 percent growth from May,
- Miami-Dade also saw the biggest drop in foreclosures, with 68 fewer homes entering the foreclosure process during May than the prior month, and
- 237,500 total jobs have been created year-over in Florida.
Industries seeing year-over job growth include:
- Trade, transportation, and utilities (+52,500 jobs, +3.3 percent)
- Professional and business services (+45,300 jobs, +4.1 percent)
- Construction (+41,700 jobs, +11.5 percent)
- Leisure and hospitality (+39,500 jobs, +3.8 percent)
- Private education and health services (+34,100 jobs, +3.0 percent)
- Financial activities (+10,300 jobs, +2.0 percent);
- Other services (+5,500 jobs, +1.8 percent)
- Manufacturing (+5,200 jobs, +1.6 percent)
- Government (+1,900 jobs, +0.2 percent)
- Information (+1,300 jobs, +1.0 percent)
Want More Key Data Points?
The Florida Scorecard, located at www.TheFloridaScorecard.com, presents metrics across Florida’s economy. Sign up to receive the weekly Scorecard Did You Know, which takes an in-depth look at key statistics and learn how your county ranks in Florida and nationwide. For more information on the weekly Scorecard Did You Know or on the Florida Scorecard, contact Sal Nuzzo with the Florida Chamber Foundation at 850-521-1283 or firstname.lastname@example.org.