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State unemployment rate lowest since 2006

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Florida’s unemployment dropped to 2.5 percent in September, the lowest in the state since 2006. The rate is also the second lowest rate since the state began keeping such records, according to Gov. Ron DeSantis. Meanwhile, the Hernando County unemployment rate dropped more than a percentage point since the same time last year.

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“Florida’s economy continues to outpace the national average,” DeSantis said while announcing the landmark unemployment rate. “Floridians are finding jobs, and our state’s businesses are thriving – a resilient economy is paramount.”

According to DeSantis, office employment in Florida’s private sector increased by 47,500 jobs during September 2022, an increase of 0.6 percent and 0.4 percentage point faster than the national growth rate of 0.2 percent.

Meanwhile, the state’s labor force grew by 3.0 percent over the year in September 2022, a full percentage point faster than the national labor force growth rate of 2.0 percent, and Florida’s labor force increased by 8,000 in September 2022 while the national labor force shrank.

In Hernando County the labor force in September 2022 was 77,793 as opposed to 74,434 in September 2021. September 2022 employment was 75,267 up from 71,089 the previous year.

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Meanwhile the County’s unemployment level was 2,526 in September 2022 down from 3,345 in September 2021. The County’s unemployment rate was 3.2 percent in September 2022 down from 4.5 percent during the same time last year.

DeSantis’ office said that the date from the month of September also indicates that many job opportunities remain available throughout the state with more than 464,000 jobs posted online.

To view posted jobs visit www.employflorida.com.

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