Florida’s unemployment rate remained unchanged at 3.3% in August, according to the Florida Department of Commerce. While the number of unemployed Floridians increased slightly, the overall labor force shrank due to a wave of retirements.
State economists attribute this trend to Baby Boomers and older Gen Xers leaving the workforce, which is outpacing the growth of younger workers entering the job market.
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Despite this, the state remains optimistic, citing investments in workforce development and infrastructure to prepare the next generation.
Job growth was seen in leisure and hospitality, education and health services, and construction. However, manufacturing and professional services experienced job losses.
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The unemployment rates varied across different regions of the state, with the lowest rates in the Panhandle and Miami areas, and the highest rates in the Homosassa Springs, Sebring, and The Villages areas.
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