Florida’s June employment data indicates stability with the unemployment rate holding steady at 3.3 percent, lower than the national average, while the state added 9,900 jobs since May.
Florida’s June employment data, released on Friday, shows stable month-to-month figures with the unemployment rate remaining at 3.3 percent.
From May to June, unemployment rates remained at 3.3 percent, a figure that has now remained lower than the national unemployment rate of 4.1 percent for 44 consecutive months. June unemployment is 361,000, up by 50,000 (16.1 percent) over the year.
Total jobs increased to 9,961,900, up 9,900 (0.1 percent) since May 2024. Since June 2023, there has been a 2 percent increase in jobs, with over 172,700 jobs added.
The labor workforce experienced a sharp decline in June, with a rate of -13,000. Florida Commerce Bureau Chief of Workforce Statistics and Economic Research Jimmy Heckman, who presented the data on behalf of Florida Commerce, attributed the downtick to a result of retirement and not an indicator of ulterior workforce issues,
“We have explored a few other potential areas to exhaust those options,” he said. “We’ve looked at things like discouraged workers, workers that feel like there’s no opportunities out there for them, but those numbers have remained really, really low.”
When looking at job growth based in major metropolitan areas, Tallahassee (1.8 percent) and Sebring (1.4 percent) are leading. The Jacksonville (-0.2 percent) and Orlando (-0.2 percent) metropolitan areas are experiencing overall job loss rather than job growth.
From June 2023 to June 2024, the construction service industry experienced significant job growth, with a 4.8 percent increase. The state of Florida continues to have proliferating workforce development, with more than 394,000 jobs posted online.