Gov. Scott: Florida is More than Half Way to Goal of Creating 700,000 Private-Sector Jobs in Seven years

34,500 new private-sector jobs in July represent largest monthly increase in two and a half years

Governor Rick Scott today announced that 34,500 private-sector jobs were created in Florida last month, the largest monthly increase in two and a half years, seasonally adjusted. A total of 369,100 private sector jobs have been created in two and a half years. The statewide unemployment rate has remained below the national average of 7.4 percent for the fifth consecutive month at 7.1 percent in July 2013. The state’s May, June, and July unemployment rate of 7.1 percent has been the lowest since September 2008. Governor Scott made the announcement today while highlighting Florida’s manufacturing sales tax exemption at Unison Industries, a wholly-owned subsidiary of General Electric.

Governor Scott said, “It is great news that with 34,500 new private-sector jobs created in July, we are more than half-way to our goal of creating 700,000 jobs in seven years. In the four years before I took office, Florida lost 832,000 jobs and unemployment tripled to 11.1 percent. Now, with an unemployment rate below the national average for the 5th consecutive month, and nearly 370,000 private-sector jobs added in two and a half years, it’s clear that IT’S WORKING in Florida. I am proud to say that Florida families are getting back to work and that Florida has the best climate for business.”

Since December 2010, Florida’s statewide unemployment rate has dropped four percentage points, from a rate of 11.1 percent to July’s rate of 7.1 percent. In the same timeframe, the national unemployment rate has dropped 1.9 percentage points, demonstrating Florida’s improving economic climate continues to outpace the national recovery. Florida’s unemployment rate has now declined year-over-year for 33 consecutive months.

More Jobs Being Created

· Florida experienced positive annual job growth for 36 consecutive months.

· Florida’s job growth month-to-month has been positive for 23 of the last 25 months.

· Florida created 34,500 private sector jobs in July 2013.

· Florida has created 369,100 new private sector jobs since December 2010.

· Florida is expected to create almost 1.1 million new jobs by 2018, according to the Florida Economic Estimating Conference.

· Florida job postings compiled by the Help Wanted OnLine data series from The Conference Board showed 254,823 openings in July 2013 (seasonally adjusted). Florida had the fourth highest number of openings in the nation compared to all states.

Home Sales Robust

· Home sales remain robust as the backlog of existing homes on the market is down by 31 percent from June 2012.

· Florida housing starts were up 34.9 percent, median home prices were up 15.1 percent, and foreclosures were down by 14.1 percent over the year in June 2013 (the most recent month available).

Economic Growth Trends Up Across State

· A recent U.S. Census Survey reported that Florida experienced an influx of people moving into the state. Florida also led the nation in migrations from Puerto Rico.

· Florida is running a trade surplus of over $24 billion – with $86.8 billion in exports and $62.4 billion in imports in 2011, up from $73.1 billion in exports in 2010 and $53.2 billion in imports in 2010.

Workforce Boards Assisting in Employment

· In July, Florida’s 24 Regional Workforce Boards reported more than 38,800 Floridians were placed in jobs. This represents an increase of more than 13,300 placements over the year from July 2012, a 52 percent increase. An individual who receives employment and training assistance through a One-Stop Career Center and finds a job within 180 days is deemed a placement and may be reported by a regional workforce board. Of these individuals, 10,902 previously received Reemployment Assistance.

· In 2012, more than 426,000 Floridians were placed in jobs, with 111,173 former claimants finding employment.

To view the July 2013 monthly employment data visit:

www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

 

Comments are closed.