The May edition of Florida By The Numbers is now available. This month, our new Chief Economist and Executive Director of the International Center for Economic Development, Dr. Ben Tabatabaei, provides an analysis of Florida’s latest employment numbers, job statistics, higher education affordability, consumer sentiment, and more.
All jobs lost during the pandemic from February to April 2020 in Florida have been recovered, with an additional increase of 217,000 jobs last month. Also, Florida’s unemployment rate dropped in April to 3.0%, reflecting 321,000 unemployed Floridians. However, there were 515,294 open jobs, showing a potential talent gap in the workforce.
As we continue efforts to close the talent gap, Florida receives encouraging news from a recent study showing Florida is one of the most affordable states to pursue post-secondary education, with both 4-year and 2-year institutions ranking in the top six nationally. This is good news as we work to keep Florida’s current and future talent in Florida to pursue education and workforce training.
In other news, Florida consumer sentiment dropped to a 10-year low last month of 63.6, but Florida remains ahead of the 59.1 national average.
Click the video below to watch May’s Florida By The Numbers, featuring an analysis of these Florida 2030 metrics, housing market trends, voter registration, and more.