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Florida's Economy Continues to Thrive – Florida Governor Ron DeSantis

by Arifa Rana

~ Largest single month of growth in manufacturing since May 2020~
TALLAHASSEE, Fla. – Today, Governor Ron DeSantis announced Florida’s March 2022 employment data, including a declining unemployment rate and strong job growth. In March 2022, Florida added 4,500 manufacturing jobs over the month, representing the largest single month of growth for Florida manufacturers since May 2020. The data shows that Florida’s unemployment rate has remained below the national rate for 16 consecutive months while trending downward or holding steady for 20 consecutive months. In March 2022, Florida’s unemployment rate decreased by 2.2 percentage points over the year to 3.2 percent and continued to remain below the national rate. Florida’s private sector job growth has also exceeded the nation’s for 12 consecutive months since April 2021.
“The economic data underscores that Florida is outperforming the nation by protecting the freedom Floridians need to do business and drive economic success,” said Governor Ron DeSantis. “Industries like manufacturing continue to see growth because Florida prioritizes workforce development and expanding opportunities for businesses and families in our state.”
“Governor DeSantis has led Florida in a positive direction by creating the most business friendly environment in the nation,” said DEO Secretary Dane Eagle. “DEO is committed to supporting the Governor’s efforts and the state’s growth by connecting communities, businesses, and families to the resources they need to thrive.”
The state’s total private sector employment increased by 496,600 (+6.5 percent) over the year in March 2022, 1.5 percentage points faster than the national growth rate of 5 percent. In March 2022, Florida’s labor force grew by 3.2 percent (325,000) over the year and grew by 42,000 (+0.4 percent) over the month. As of March 2022, Florida employers have added jobs for 23 consecutive months since May 2020.
Data in the month of March continues to indicate there are many job opportunities available for Floridians throughout the state, with nearly 510,000 jobs posted online. Floridians in search of work and new job opportunities are encouraged to turn to the CareerSource Florida network for help. Floridians can find guidance on how to register with Employ Florida and search listings of available local job openings. Career seekers also can improve their employability by perfecting resume writing and interviewing skills, establishing career goals, and pursuing customized career training. These services are provided at no cost to job seekers.
Florida Economic Indicators for March 2022 include:
To view the March 2022 jobs reports by region, please see below:
Fort Lauderdale
Southwest Florida
West Palm Beach
To view the March 2022 employment data, visit: www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.
Visit Florida Insight for more information on labor market and economic data. Additionally, the Department has provided a video to assist users in explaining the data provided through Florida Insight.
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