Nearly Twenty Thousand Private-Sector Jobs Added in May
Governor Scott said, “Florida’s growing economy is producing real results for families across our state. Every month, private-sector businesses are adding jobs, dropping our unemployment, making it easier for every Floridian to find great work. When I became Governor, I set out to create an environment where our private sector could flourish – and that remains my focus as we continue to outpace the nation. It’s clear – cutting taxes and investing in what matters to families works, and the rest of the country should take notice.”
Florida’s annual job growth rate of 2.4 percent continues to exceed the nation’s rate of 1.9 percent. In the past year, 124,000 people entered Florida’s labor force, a growth of 1.2 percent, which is greater than the national labor force growth rate of 1.1 percent.
Cissy Proctor, Executive Director of the Florida Department of Economic Opportunity, said, “Florida’s economy is flourishing under Governor Scott’s leadership and through our efforts to grow and attract businesses. Our talented workforce and quality infrastructure support continued economic prosperity in the Sunshine State. Since 2010, more than 1.5 million jobs have been created showing the nation that Florida is the best state in the nation to live the American Dream.”
Other positive economic indicators include:
- Private-sector industries gaining the most jobs over-the-year were:
- Professional and business services with 39,200 new jobs;
- Leisure and hospitality with 37,200 new jobs;
- Construction with 31,300 new jobs;
- Education and health services with 24,500 new jobs; and
- Financial activities with 17,200 new jobs.
- Florida job postings showed 242,546 openings in May 2018.
- Consumer Sentiment is 100.6, up from 70.2 in 2010.
To view the May 2018 employment data visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.