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.
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%.
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.
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.