According to Economic Commentary at Florida Tax Watch, Florida is among leading states for job growth. Overall employment in the Sunshine State is among the highest in the state’s history. Strong Florida job growth indicates a strong housing market along with it.
Florida’s non-farm employment grew 3.03 percent over the last year. It has added about 244,50 non-farm jobs. The first six months of 2016 were especially strong. The unemployment rate dropped from 5.1 to 4.7 percent in that time. 113,000 non-farm jobs were added in the first half of 2016.
“Florida is once again the best state in the country to find a job,” says Florida TaxWatch President and CEO Dominic M. Calabro. “We continue to outpace the nation in job growth and, over the last six months, 113,000 Floridians have gotten back to work, providing for their families and contributing to the economy.”
The professional and business services sector led the state’s major industries in job growth. These sectors added 48,400 jobs. Education and health services, leisure and hospitality and construction also saw big gains. There is a job for everyone in Florida!
“Florida continues to shine as one of the best places in the nation for consistent, strong economic growth,” says Florida Department of Economic Opportunity Executive (DEO) Director Cissy Proctor. “The unemployment rate is at an eight year low, and our GDP (gross domestic product) is again outpacing other large states and the nation. At DEO, we are committed to working with our partners around the state to invest in our future economic growth and ensure new job opportunities for Floridians.”
Finding job stability in your home city is incredibly important. Living in a state and city with a strong job market also indicates a healthy real estate market. That’s why these facts about Florida job growth show why Florida and Miami are great places to buy your next home. Check out all the properties we have to offer from RE/MAX Paradise in Miami.