Ron DeSantis: Unemployment Rate Continues to Drop in Florida, Lowest Since March 2006

On Friday, Gov. Ron DeSantis announced Florida’s unemployment rate dropped to a low 3.1 percent for the first time since March 2006.

In November, the labor force increased for the sixth consecutive month. Over the year, Florida businesses created 201,700 private-sector jobs and the state’s annual private-sector job growth rate of 2.6 percent continues to outpace the national job growth rate of 1.6 percent.

“Florida continued to experience positive economic indicators throughout 2019, including a consistently low unemployment rate,” said DeSantis. “Though we have had a successful year, the state of Florida will not rest on our laurels. My administration is committed to the success of this state and all Floridians. Moving forward, I will continue to prioritize investments in Florida’s workforce and infrastructure to provide continued opportunities for our communities to be resilient and prepared for the future.”

Florida continues to do better than the national average. The unemployment rate across the nation stood at 3.5 percent last month.

“Today’s announcement is continued proof that Governor DeSantis’ focus on creating a smart regulatory environment and keeping taxes low is working and Florida’s residents, businesses and communities are benefiting,” said Executive Director of the Florida Department of Economic Opportunity (DEO) Ken Lawson. “Maintaining business-friendly policies, investing in Florida’s infrastructure and developing a workforce for the 21st century makes sense, and businesses throughout the nation are paying attention.”

In the past year, education and health services added 62,300 new jobs in Florida; followed by the leisure and hospitality sector with 38,100 new jobs, professional and business services with 33,600 new jobs, construction with 26,700 new jobs and trade, transportation and utilities with 17,400 new jobs.

Monroe County had the lowest unemployment rate in Florida at 1.8 percent followed by St.Johns County at 2.2 percent and Okaloosa County at 2.3 percent. Hendry County had the highest unemployment rate in the state at 5.0 percent followed by Hardee County at 4.4 percent and Citrus County and Sumter County at 4.1 percent each.

 

 

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