DeSantis: Florida’s economy growing at three times the rate over the month compared to the nation

On Friday, Florida Governor Ron DeSantis announced that Florida’s successful economy is driving the nation’s positive economic activity. Florida’s economy accelerated in September 2021, growing at three times the rate over the month compared to the nation.

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Overall for the month, Florida gained 84,500 total jobs, including nearly 73,000 private-sector jobs. This month marks 17 months of private-sector job growth, increasing by 5.6% over the year. Florida has experienced this magnitude of monthly private sector job growth on only four other occasions in the past 30 years.

In addition, Florida has experienced 11 consecutive months of labor force increases, adding 50,000 workers over the month. Florida’s labor force growth represents a 5.4% increase over-the-year, which is significantly higher than the national rate of 0.8%. In total, Florida has gained more than one million jobs since April 2020.

Florida’s unemployment rate of 4.9% for September 2021 dropped 0.1 percentage point from August 2021. Florida continues to see substantial increases in labor force compared to the nation, meaning more people are actively returning to seeking work and confident in the state’s economy providing them with the ability to find new employment.

“While the entire nation gained 194,000 jobs in September, Florida gained 84,500 jobs in the same month – we are outpacing the nation in job growth and job opportunities because businesses know that Florida will stand up for them,” said Governor Ron DeSantis. “Despite tremendous national headwinds and economic uncertainty, Florida has reached a level of job growth only seen on four other occasions in the past 30 years. We will continue to work hard to keep Florida open, free and built for opportunity.”

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