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Job Creation in Florida Grows Six Times Faster Than Rest of the Country

La creación de empleos en Florida crece tres veces más rápido que en el resto del país

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“While the entire nation gained 194,000 jobs in September, Florida gained 84,500 jobs in the same month – we are outpacing the nation in job growth and job opportunities because businesses know that Florida will stand up for them,” said Governor Ron Desantis.

Florida during the month of September led the U.S. in job creation, of the 84,500 new jobs generated 73,000 were in the private sector. In the last 17 months Florida has experienced a 5.6 % growth in the number of private sector jobs.

The average job growth over the past year or so has been 5.4 %, an average significantly higher than the national average of 0.8 %. Since April 2020, Florida has added more than one million jobs to its economy.

“Despite tremendous national headwinds and economic uncertainty, Florida has reached a level of job growth only seen on four other occasions in the past 30 years. We will continue to work hard to keep Florida open, free and built for opportunity,” said the governor.

Florida’s unemployment rate stood at 4.9 %, down 0.1 % from August. In recent months while the rest of the nation saw a drop in the number of new jobs generated, Florida instead saw an increase in this figure.

During 2021, Florida created 540,000 jobs, of these, 423,000 were generated in the last six months, evidencing the strength of the state’s economic recovery.

Florida Governor Ron DeSantis, celebrated the state’s success in recovering jobs after the pandemic. (EFE)

Why is Florida leading the way in job creation?

One of the strategies applied by the Sunshine State to encourage workers to return to their jobs has been to reverse the $300 unemployment benefit provided by the federal government and offer this money as a bonus for those who return to work. Some places like Citrus County have offered $1,000 bonuses for those who return to work.

The industries generating the most jobs in the last month were leisure and lodging, with approximately 26,600 new jobs; followed by trade, transportation and utilities with more than 19,200 jobs; professional and business services created 10,400 new jobs; construction hired more than 6,900 people; and finally the education and health services sector created 6,300 jobs.

The rapid creation of new jobs in the state of Florida has also coincided with the migration of hundreds of businesses in technology, finance and financial technology. More and more startups are looking to Florida as the home of their operations creating more business opportunities and demanding local talent.

Economist, writer and liberal. With a focus on finance, the war on drugs, history, and geopolitics // Economista, escritor y liberal. Con enfoque en finanzas, guerra contra las drogas, historia y geopolítica

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