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State’s unemployment rate advanced to 2.8% last month, while Miami metro region posted 2.5% people without jobs.
Polk's September unemployment rate is slightly higher than a year ago at 3.8%, up over the year by 0,6%. Florida's jobless rate also rose.
The labor force participation rate increase remained unchanged at 62.8%, the highest level since February 2020. Average weekly hours also remained flat at 34.4.
Data for all U.S. states, the District of Columbia [4] and Puerto Rico [5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018. Data for the Northern Mariana Islands is from April 2010 (more than ten years old) it is included but not ranked in the table below.
The economy of the state of Florida is the fourth-largest in the United States, with a $1.695 trillion gross state product (GSP) as of 2024. [1] If Florida were a sovereign nation (2024), it would rank as the world's 15th-largest economy by nominal GDP according to the International Monetary Fund , ahead of Spain and behind South Korea .
Futures tied to major US stock indexes rallied on the news. S&P 500 futures put on nearly 0.8%, while Dow Jones Industrial Average futures added roughly 0.5%.Contracts on the tech-heavy Nasdaq 100 ...
In December 2020, DeSantis ordered the Florida Department of Economic Opportunity to extend unemployment waivers until February 27, 2021. [41] Florida saw fast economic growth in 2022 and 2023, together with a record state budget surplus. [42] [43] Since May 2022, Florida's unemployment rate has sat around two percent, below the national average.
In August, the US economy added 187,000 jobs while the unemployment rate rose unexpectedly. August's report also brought a significant increase to the labor force participation rate, which reached ...