FloridaCommerce Announces Florida’s Private Sector Job Growth Rate Continues to Outpace the Nation

~ Florida employers have added jobs in 45 of the last 47 months since May 2020 ~

TALLAHASSEE, Fla.—Today, FloridaCommerce announced Florida’s private sector job growth rate continues to outpace the nation. Florida’s private sector job growth rate increased by 2.1 percent (+179,800 jobs) over the year in March 2024, faster than the national rate of 1.7 percent. Florida employers have added jobs in 45 of the last 47 months since May 2020.

“Under Governor DeSantis’ leadership, Florida continues to advance forward with world class investments in infrastructure, economic resiliency, and workforce education,” said Florida Secretary of Commerce J. Alex Kelly. “Recent investments in Florida’s transportation infrastructure, water quality and resiliency, and the reduction in commercial lease taxes are great examples of Florida’s continued investment in the nation’s most business and entrepreneur friendly landscape, where 99 percent of businesses are small businesses."

The education and health services sector gained the most jobs among all major industries, adding 12,500 jobs (+0.8 percent) from the previous month, followed by construction, adding 3,600 jobs (+0.6 percent). The national unemployment rate was 3.8 percent for March 2024, 0.6 percentage point higher than Florida’s rate of 3.2 percent. Florida’s unemployment rate has been lower than the national rate for 41 consecutive months.

Data in the month of March continues to indicate there are many job opportunities available for every Floridian who wants to work, with more than 444,000 jobs posted online. Floridians in search of work and new job opportunities can utilize 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. 

To view the March 2024 jobs reports by region, please see below: 

•    Fort Lauderdale
•    Jacksonville
•    Miami
•    Orlando
•    Pensacola
•    Southwest Florida
•    Tampa
•    West Palm Beach

To view the March 2024 employment data, visit: https://www.floridajobs.org/workforce-statistics/workforce-statistics-data-releases/monthly-data-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. 

###