TALLAHASSEE, Fla. (AP) — Florida’s unemployment rate dropped to 2.5% final month, the second lowest rate within the state’s recorded historical past and the lowest rate since October 2006, officers introduced Friday.
What You Need To Know
- Florida’s unemployment rate dropped to 2.5% final month, the second lowest rate within the state’s recorded historical past and the lowest rate since October 2006
- Officials stated Florida’s labor power grew by 316,000, or 3% between September 2021 and September 2022
- As of final month, Florida employers had added jobs for 29 consecutive months since May 2020
Gov. Ron DeSantis stated in a press release that Florida additionally had the second quickest Gross Domestic Product development within the U.S., rising at an annual rate of 1.6% within the second quarter of 2022 whereas the nationwide GDP has declined for 2 consecutive quarters.
“Florida’s economy continues to outpace the national average,” DeSantis stated. “Floridians are finding jobs, and our state’s businesses are thriving.”
Between September 2021 and September 2022, Florida’s labor power grew by 316,000, or 3%, officers stated. For that very same time interval, complete non-public sector employment grew by 461,500 jobs, or 5.8%. Officials stated that’s quicker than the nationwide non-public sector job development rate of 4.4% over the yr.
As of final month, Florida employers had added jobs for 29 consecutive months since May 2020.
