From May to November, Florida has gained 721,500 private sector jobs
The Florida Department of Economic Opportunity today announced Florida has had seven consecutive months of month-over-month job growth, gaining 9,800 private sector jobs in the month of November. Florida’s unemployment rate for November 2020 held steady at 6.4 percent from the revised October unemployment rate. From May to November, Florida has gained 721,500 private sector jobs.
“As we continue to rebuild Florida’s economy, I am proud to see job growth continuing to increase in our state,” said Dane Eagle, Executive Director of the Florida Department of Economic Opportunity. “Under Governor DeSantis’ leadership, we will remain committed to working with Florida businesses and our state and local partners to help Floridians get back to work.”
Florida Economic Indicators for November 2020 include:
- Unemployment rate was 6.4 percent. (October’s unemployment rate has been revised down to 6.4 percent, from the previously reported rate of 6.5 percent).
- Florida businesses gained 9,800 private-sector jobs over the month.
- Labor force was up 49,000 over the month.
- Florida’s private-sector job creation over-the-year rate of decline of 4.7 percent was less than the national over-the-year decline of 6.2 percent.
- Florida private-sector jobs were down 372,800 over the year.
- Private-sector industries gaining the most jobs over-the-month were:
- Leisure and hospitality with 11,800 new jobs
- Education and Health Service with 3,100 new jobs
- Construction with 1,000 new jobs
- Manufacturing with 1,000 new jobs
- Consumer Sentiment Index was 80.9 in November 2020, 3.5 points lower than the October revised figure of 84.4.
To view the November 2020 jobs reports by region, please see below:
West Palm Beach
To view the November 2020 employment data visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases. Visit Florida Insight, for more information on labor market and economic data. Additionally, the Department has provided a video to assist users in explaining the data provided through Florida Insight and the new platform.
To view today’s presentation, click here.
The Florida Department of Economic Opportunity combines the state’s economic, workforce and community development efforts, expediting economic development projects to fuel job creation in competitive communities and promote economic resiliency. For more information, including valuable resources for employers and job seekers, please visit www.FloridaJobs.org.