Florida Kicked off the Year with Continued Economic

Governor DeSantis Publicizes Florida Kicked off the Year with Continued Economic Progress

TALLAHASSEE, FL (STL.Information) Governor Ron DeSantis  introduced that in January, Florida continued to have regular development and financial stability.  In January 2022, Florida’s unemployment fee decreased by 2.5 share factors over the yr to three.5% and continued to stay under the nationwide fee of 4.0%.  The U.S. Division of Labor’s revised historic knowledge additionally now exhibits that Florida’s unemployment fee has remained under the nationwide fee for 14 consecutive months.  In January 2022, Florida’s labor pressure participation whole was 10,448,000, larger than Florida’s February 2020 pre-pandemic labor pressure, and growing by 318,000, or 3.1%, over the yr.  Employment alternatives have additionally been amplified as Floridians stay assured find significant employment.  There have been 8,067,500 non-public sector jobs statewide in January 2022, a rise of 124,700 (+1.6%) from February 2020.

The state’s whole non-public sector employment elevated by 23,900 jobs in January 2022, which is a rise of 0.Three % over the month.  In January 2022, whole non-public sector employment elevated by 496,700 jobs (+6.6 %) over the yr.  The nationwide over-the-year fee of improve was 5.2 % in January 2022.

“Florida’s January 2022 numbers and the U.S. Division of Labor’s up to date knowledge for 2021 reveal that Florida continues to have a strong financial local weather the place particular person Floridians have alternatives to get forward – even in the face of inflationary federal insurance policies which are inflicting the worth of nearly all the pieces to spike,” mentioned Governor Ron DeSantis.  “Florida has surpassed 2019 numbers in nearly each regard, together with employment and labor pressure participation whereas lockdown states proceed to lag.”

“Because of Governor DeSantis’ relentless freedom first financial insurance policies and no excuses method, Florida is the greatest place for companies and households to develop their footprints,” mentioned DEO Secretary Dane Eagle.  “DEO will proceed to work hand-in-hand with its companions to create modern and invaluable alternatives for Floridians and their communities.”

Knowledge in the month of January continues to point there are numerous job alternatives accessible for Floridians all through the state, with greater than 450,000 jobs posted on-line.  Floridians in quest of work and new job alternatives are inspired to show to the CareerSource Florida community for assist.  Floridians can discover steering on find out how to register with Make use of Florida and search listings of accessible native job openings.  Profession seekers can also enhance their employability by perfecting resume writing and interviewing expertise, establishing profession objectives, and pursuing personalized profession coaching. These companies are offered for gratis to job seekers.

Florida Economic Indicators for January 2022 embody:

• Unemployment fee is 3.5%, remaining unchanged from the revised December 2021 fee (which was revised down from 4.4% by the U.S. Division of Labor ), and down 2.5 share factors over the yr.
• Labor pressure was up 48,000 over the month, bringing the January 2022 whole as much as 10,448,000.
• Florida’s labor pressure development represents a 3.1% improve over the yr in comparison with 2.2% nationally.
• Florida companies gained 23,900 private-sector jobs over the month, growing by 0.Three share factors.
• Florida’s non-public sector employment elevated by 496,700, or 6.6%, over the yr, increased than the nationwide fee of 5.2%.
• Personal sector industries gaining the most jobs over the month had been:
• Skilled and Enterprise Companies with 9,300 new jobs.
• Commerce, Transportation, and Utilities with 7,400 new jobs.
• Leisure and Hospitality with 4,300 new jobs.
• Monetary Actions with 3,200 new jobs.
• Development with 1,900 new jobs.
• Training and Well being Companies with 1,100 new jobs.

Highlights of Revised Historic Knowledge

• Florida’s unemployment fee bested the nation by a variety of 0.4% to 1.1% decrease than the nationwide fee from December 2020 by way of January 2022.
• Florida’s unemployment fee has held regular or declined for 18 consecutive months.
• Florida reached the pre-pandemic job development fee in October 2021, and now has 124,700 extra non-public sector jobs than February 2020, or 101.6% of the pre pandemic stage.
• Florida reached pre-pandemic labor pressure ranges in June 2021, and now has 154,000 extra Floridians in the workforce than February 2020, or 101.5% of the pre pandemic stage.
• Florida employers have maintained or added jobs for 21 consecutive months since Could 2020.