Governor DeSantis Announces Miami Area Gained the Highest Number of Private Sector Jobs with the Fastest Private Sector Job Growth Rate Over the Year

Miami, Fla. —Today, Governor Ron DeSantis announced that the Miami area reached 1,130,900 private sector jobs in September 2022, an increase of 82,400 jobs, or 7.9 percent over the year. Miami area gained the highest number of private sector jobs and had the fastest private sector job growth rate over the year in September 2022 among all metro areas. The Miami area unemployment rate was 2.0 percent in September 2022, down 2.5 percentage points from the September 2021 rate of 4.5 percent. The Miami area labor force was 1,312,852 in September 2022, a 0.3 percent decrease from September 2021.

The industries gaining the most jobs over the year were trade, transportation, and utilities; increasing by 24,700 jobs;  leisure and hospitality increasing by 18,000 jobs; and education and health services, increasing by 13,800 jobs.  The Miami area led all metro areas in job gains over the year in trade, transportation, and utilities, education and health services, and manufacturing.

Governor Ron DeSantis announced Florida’s unemployment rate dropped to 2.5 percent, down 0.2 percentage point over the month and a full percentage point lower than the national rate in September 2022. Since December 2020, Florida’s unemployment rate has been lower than the national rate for 22 consecutive months. Florida’s statewide unemployment rate has either declined or remained unchanged for 26 consecutive months.

Florida’s labor force continues to see growth, increasing by 8,000 jobs, a 0.1 percent increase over the month in September 2022, while the national labor force declined by less than 0.1 percent over the month. Florida’s private sector employment increased by 47,500 from the previous month in September 2022, an increase of 0.6 percent, which is faster than the national growth rate of 0.2 percent.

Over the year, total private sector employment grew by 461,500 jobs (5.8 percent), 1.4 percentage points faster than the national rate of 4.4 percent. Florida employers have added jobs for 29 consecutive months in September 2022, and Florida’s over-the-year private sector job growth rate has exceeded the nation for 18 consecutive months since April 2021. In September 2022, Florida’s labor force grew by 316,000 (+3.0 percent) over the year, faster than the national rate of 2.0 percent by 1.0 percentage point over the same time period.

To view the statewide September 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.    

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