The July edition of Florida By The Numbers is now available. This month, our Director of Research for the Florida Chamber Foundation, Dave Sobush, CEcD, provides an analysis of Florida’s latest employment numbers, job statistics, consumer sentiment, and more.
As of last month, more than 9.3 million Floridians were employed – up 30,000 from May. All jobs lost during the pandemic from February to April 2020 have been recovered, with an additional net gain of almost 270,000 jobs. Florida’s unemployment rate fell by 0.1 points from last month to 2.9%, reflecting a little over 300,000 unemployed Floridians looking for work. However, with over 600,000 open jobs, there isstrongevidence of skills gaps present in Florida’s workforce.
Florida’s jobs report continues to show positive growth. Research shows that the education and health services industries have surpassed pre-pandemic employment levels. Although the leisure and hospitality industries are behind with fewer employees than before the pandemic, the 12,000 jobs created in this sector last month made up more than a third of all jobs created.
In other news, Florida consumer sentiment increased from its ten-year low of 61.5 in May to 62.9 in June and stillremains ahead of the U.S. consumer sentiment of 50.0. The low consumer sentiment reflects consumers’ growing concern over rising inflation.
Click the video below to watch July’s Florida By The Numbers, featuring an analysis of these Florida 2030 metrics, housing market data, tourism statistics and more.