Florida jobless rate down to 2.5 percent

News Service of Florida

Florida’s unemployment rate dipped to 2.5 percent in December as businesses continue to struggle to fill positions.

The Florida Department of Economic Opportunity released a report that showed the December rate down from 2.6 percent in November and from 3.5 percent in December 2021. About 271,000 Floridians qualified as unemployed last month from a workforce of 10.76 million.

Meanwhile, businesses in Florida are advertising for 442,000 positions, down from 455,000 in December.

“Florida’s statewide unemployment rate has now remained under the national rate for 25 consecutive months,” Jimmy Heckman, the Department of Economic Opportunity’s chief of workforce statistics and economic research, said Friday.

In a news release, Gov. Ron DeSantis pointed to a 3.5 percent increase in Florida’s workforce over the past year, topping a national increase of 1.6 percent

“Florida continues to outpace the nation and withstand negative headwinds due to federal policy,” DeSantis said in a prepared statement.

The national unemployment rate in December was 3.5 percent, representing 5.7 million people out of work, a drop of 278,000 from a year earlier.

Florida’s workforce grew by 361,000 people from December 2021 to December 2022. The number of filled positions increased by 9,000 from November to December and by 93,000 from December 2021, according to Friday’s report.

Jobs in the leisure and hospitality sector, which took the biggest hit when the COVID-19 pandemic crashed into the economy in 2020, saw the biggest gains from December 2021 to December 2022, increasing by 88,600. The next-biggest gains over the past year were in the category of education and health services, up 83,800 jobs, and the category of trade, transportation, and utilities, up 82,700 positions.

The state lost about 1.28 million jobs between February 2020 and April 2020 but has added back 1.78 million, according to the report.