Earlier today, Florida Gov. Ron DeSantis hosted a press conference to announce that Florida’s private sector job growth rate which increased by 0.4 percent (+37,900 jobs) in January, which was double the national average.
Florida’s economic data continues to indicate economic stability and confidence among Florida’s workforce as the state’s labor force grew by 2.2 percent (+243,000) over-the-year in January 2024, which is faster than the national over-the-year rate of 0.8 percent, including 16,000 net new workforce participants in January 2024.
“Florida has started off the year strong by growing jobs at twice the national average,” said Governor Ron DeSantis. “Florida continuously outperforms the national economy with fiscal stewardship, growth friendly policies, limited government spending, and one of the lowest tax burdens per capita in the nation.”
According to an official statement from the governor’s office, he education and health services sector gained the most jobs among all major industries, adding 9,700 jobs from the previous month, followed by a uniquely elevated month for leisure and hospitality (tourism-impacted professions), adding 9,400 jobs; and professional and business services, adding 7,500 jobs. Additionally, revised economic data from 2023 demonstrated that Florida’s economy surpassed original estimates.
To view the January 2024 jobs reports by region, please see below:
