SSN on Facebook SSN on Twitter SSN on YouTube RSS Feed



Rick Scott: Florida's Private-Sector Job Creation Soars Since December 2010

March 28, 2013 - 7:00pm

Gov. Rick Scott announced in Orlando Friday that since December 2010, Florida has created 294,200 private-sector jobs.

Considering the February unemployment rate decreased 0.2 percentage points to 7.7 percent, he said, Florida's unemployment is now the lowest it's been since October 2008.

"Our efforts to reduce taxes, pay down state debt and grow the economy, demonstrates our success in growing jobs for Florida families. While todays announcement is great news, we know we have more work to do to ensure that every Florida family that wants a job can get one.

Scott chose to announce the latest good news during his visit to Amcor Rigid Plastics USA Inc., a plastics manufacturing company, which opened a new 500,000-square-foot manufacturing plant in January, hiring 29 employees with a capital investment of $20 million.

By Scott's calculation, over the month, the state experienced an increase of 7,700 private-sector jobs, while 139,200 private-sector jobs have been created since February 2012. Since Scott took office, the states unemployment rate has dropped 3.4 percentage points, the second largest drop in the nation.

In a prepared statement, the governor listed his administration's job triumphs:

-- Florida has experienced positive annual job growth now for 31 consecutive months.

-- Florida job postings increased in February 2013 compared to the previous February by 21,366 (+8.8 percent), for a total of 263,240 openings (seasonally adjusted) according to the Help Wanted OnLine data series from the Conference Board.

-- Floridas job growth month-to-month has been positive for 19 of the last 20 months.

-- Florida is expected to create more than 900,000 new jobs by 2018, according to the Florida Economic Estimating Conference.

--The number of available online job openings in STEM-related (sciences, technology, engineering, and math) fields in Florida has increased since last year, up 10.4 percent, for a total of 57,488 postings in February 2013.

Other information of note from the governor:

Unemployment Continues to Decline

-- Floridas unemployment rate has now declined year-over-year for 28 consecutive months.

Home Sales Robust

-- Home sales remain robust as the backlog of existing homes on the market is down by 32 percent from February 2012 (Florida Realtors).

-- Florida housing starts were up over the year in January 2013 (the most recent month available) by 52.6 percent and median home prices were up 12.8 percent in February 2013 over the year.

Economic Growth Trends Up Across State

--A recent U.S. Census Survey reported that Florida experienced an influx of people moving into the state. Florida also led the nation in migrations from Puerto Rico.

--Florida is running a trade surplus of over $24 billion with $86.8 billion in exports and $62.4 billion in imports in 2011, up from $73.1 billion in exports in 2010 and $53.2 billion in imports in 2010.

Workforce Boards Assisting in Employment

-- In February, the states 24 Regional Workforce Boards reported more than 38,000 Floridians placed in jobs.

-- More than 426,000 Floridians were placed in jobs in 2012, with 111,173 former claimants finding employment.

Comments are now closed.

Live streaming of WBOB Talk Radio, a Sunshine State News Radio Partner.