Florida’s private sector job growth rate increased by 0.4 percent (+37,900 jobs) in January 2024, a statistic that Governor Ron DeSantis celebrated today.
This is more than twice the 0.2% national rate for the same time frame.
In January 2024, the state’s labor force expanded by 2.2 percent (+243,000) over the year, which is faster than the national over-the-year rate of 0.8 percent.
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This growth included 16,000 net new workforce participants in January 2024. Florida’s economic data continues to show economic stability and confidence among the state’s workforce.
“Florida has started off the year strong by growing jobs at twice the national average,” said Governor Ron DeSantis. “Florida continuously outperforms the national economy with fiscal stewardship, growth-friendly policies, limited government spending, and one of the lowest tax burdens per capita in the nation.”
“Under Governor DeSantis’ leadership with velocity and purpose, Florida’s economy starts off the year with strong economic growth trends,” said Secretary of Commerce J. Alex Kelly. “Florida’s commitment to jobseekers and job creators keep us on our front foot ahead of the inflationary pressures created by D.C.”
In January, the education and health services sector gained the most jobs among all major industries, adding 9,700 jobs from the previous month, followed by a uniquely elevated month for leisure and hospitality (tourism-impacted professions), adding 9,400 jobs; and professional and business services, adding 7,500 jobs. Additionally, revised economic data from 2023 demonstrated that Florida’s economy surpassed original estimates.
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Florida’s hospitality industry continues to rise following the implementation of Florida’s historic E-Verify law, ensuring that companies are employing legal citizens. This proves the naysayers wrong. Florida can have universal E-Verify and still maintain a robust hospitality industry.
Florida’s statewide unemployment rate has been lower than the national rate for 39 consecutive months. The national unemployment rate was 3.7 percent for January 2024, 0.6 percentage point higher than Florida’s rate.
Data in the month of January continues to indicate there are many job opportunities available for every Floridian who wants to work, with more than 405,000 jobs posted online. Floridians in search of work and new job opportunities can utilize the CareerSource Florida network for help. Floridians can find guidance on how to register with Employ Florida and search listings of available local job openings.
Career seekers also can improve their employability by perfecting resume writing and interviewing skills, establishing career goals, and pursuing customized career training. These services are provided at no cost to job seekers.
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