Job gains have continued in Florida for 30 consecutive months, new labor data shows.
Florida’s seasonally adjusted total nonagricultural employment was 9,542,500 in October 2022, an increase of 36,400 jobs over the month. The Sunshine State gained 457,400 jobs over the year, an increase of 5%, higher than the national rate of 3.6% over the year.
The U.S. economy added 263,000 nonfarm jobs last month, the lowest total new jobs for a month all year.
The U.S. Bureau of Labor Statistics released the data, which showed the unemployment rate declined slightly to 3.5%.
The Florida Department of Economic Opportunity (DEO) released their monthly unemployment figures and the state’s unemployment rate is continuing to drop. Conversely, Florida is also seeing consistent job growth from month-to-month.
According to the report, Florida’s adjusted unemployment rate was 3.2 percent in March, which was a decrease by 0.1 percent from the previous month. The national unemployment rate was hovering around 3.6 percent.
A jobs report from the Florida Department of Economic Opportunity (DEO) shows Florida is continuing to lead the county in job creation and lower unemployment rates. Florida’s unemployment rate fell to 4.4 percent in December 2021 – down 0.1 percent from November 2021.
The report indicates good news for Florida’s economy with Florida gaining 479,300 jobs throughout the entirety of 2021, which is an increase of 5.6 percent. The national jobs creation average during the same time period was 4.5 percent.
Peloton Interactive announced plans to build its first U.S. factory in Ohio, creating more than 2,000 jobs and investing more than $400 million in the state-of-the-art factory.
The new facility, in Troy Township between Toledo and Bowling Green, will be named Peloton Output Park and will produce Peloton Bike, Bike+ and Peloton Tread starting in 2023. It will employee 2,174 people and generate $138 million in new payroll.
The state approved a 2.301%, 15-year job creation tax credit for the company.
by Tim Pearce The U.S. economy grew at an annualized rate of 3.2 percent in the first quarter of 2019, smashing experts’ expectations, according to the Department of Commerce (DOC) data released Friday. Economists predicted that the federal government shutdown and cold weather that slowed economic activity in parts…