Job Creation Archives - The Florida Capital Star

Commentary: New Biden Labor Dept. Rule Likely to Hurt Millions of Small Businesses, Independent Contractors

January 20, 2024 Florida Capital Star Staff

Some 99% of American companies are small businesses, and 100% of businesses started out small, but a recently finalized rule from the Biden administration’s Labor Department will make it harder for small businesses to start, grow and succeed.

As of last May 1, a White House news release pointed out, “Young firms, which often start small with few employees, are a driving force in job creation.” That’s been particularly true since the COVID-19 pandemic, as small businesses with fewer than 50 employees have accounted for a growing share of new jobs.

Commentary: Bidenomics Is The Grinch Who Stole Christmas

December 9, 2023 Florida Capital Star Staff

The labor market continues to soften, with 199,000 jobs created last month, well below the recent average. Real job creation is far lower than this topline number suggests. Nearly 50,000 jobs were unproductive government jobs, continuing the trend of disproportionately high government job growth. The return of striking auto workers accounted for about 30,000 jobs. And 77,000 jobs were created in healthcare, which is a quasi-government industry. That leaves only about 40,000 jobs created in the real economy.

Real wages continue to stagnate, growing at the same rate as core inflation following significant declines in the first two years of Biden’s presidency. As usual, job creation in previous months was revised down in today’s report. Nearly one million more Americans are unemployed since April.

Florida Continues 30-Month Job Creation Streak, Record Low Unemployment

November 23, 2022November 22, 2022 The Center Square

Job gains have continued in Florida for 30 consecutive months, new labor data shows.

Florida’s seasonally adjusted total nonagricultural employment was 9,542,500 in October 2022, an increase of 36,400 jobs over the month. The Sunshine State gained 457,400 jobs over the year, an increase of 5%, higher than the national rate of 3.6% over the year.

Federal Data Shows Job Creation Slowed in September

October 9, 2022October 8, 2022 The Center Square

The U.S. economy added 263,000 nonfarm jobs last month, the lowest total new jobs for a month all year.

The U.S. Bureau of Labor Statistics released the data, which showed the unemployment rate declined slightly to 3.5%.

New Report Shows Florida Unemployment Dropping

April 19, 2022April 18, 2022 Grant Holcomb

The Florida Department of Economic Opportunity (DEO) released their monthly unemployment figures and the state’s unemployment rate is continuing to drop. Conversely, Florida is also seeing consistent job growth from month-to-month.

According to the report, Florida’s adjusted unemployment rate was 3.2 percent in March, which was a decrease by 0.1 percent from the previous month. The national unemployment rate was hovering around 3.6 percent.

Florida Jobs Report Shows Declining Unemployment, Indicators of Economic Growth

January 25, 2022January 24, 2022 Grant Holcomb

A jobs report from the Florida Department of Economic Opportunity (DEO) shows Florida is continuing to lead the county in job creation and lower unemployment rates. Florida’s unemployment rate fell to 4.4 percent in December 2021 – down 0.1 percent from November 2021.

The report indicates good news for Florida’s economy with Florida gaining 479,300 jobs throughout the entirety of 2021, which is an increase of 5.6 percent. The national jobs creation average during the same time period was 4.5 percent.