|FOR IMMEDIATE RELEASE
March 18, 2013
CONTACT: GOVERNOR’S PRESS OFFICE
ORLANDO — Governor Rick Scott today announced that since Dec. 2010, Florida has created 282,200 private-sector jobs and Florida’s January unemployment rate decreased below the national average to 7.8 percent - down from the revised December 2012 rate of 7.9 percent. This is Florida’s lowest unemployment rate since November 2008, and falls below the national average unemployment rate for the first time since January 2008.
Over the month, the state experienced an increase of 14,700 private-sector jobs. Since Governor Scott took office, the state’s unemployment rate has dropped 3.3 percentage points. Florida’s January 2013 unemployment rate of 7.8 percent was lower than the January national average of 7.9 percent.
Governor Scott said, “Everything we do is geared toward job creation. Today we have more proof that IT’S WORKING. Our unemployment rate is down to 7.8 percent – falling below the national average for the first time in five years. We have added more than 280,000 private-sector jobs over the last two years, and as we continue to focus on greater economic growth, we will see even more jobs created.
“Other states chose to raise taxes. Other states chose to increase debt. In Florida, we chose the course of economic growth and greater job creation by cutting taxes and paying down debt for the first time in decades by $2 billion. Today’s announcement is more proof that our formula for economic growth is working and providing more jobs and opportunities for Florida families. We are glad to see our unemployment rate fall below the national average for the first time in years, but our work isn’t done until every Floridian who wants a job can find one.
“Today’s event at Mitsubishi Power Systems also highlights the importance of our mission to totally eliminate the sales tax on manufacturing equipment. I am grateful for the legislators who are committed to supporting this priority. With their help, we will achieve another important milestone in Florida’s economic growth.”
Every March, the U.S. Department of Labor’s, Bureau of Labor Statistics and the Florida Department of Economic Opportunity release January employment and unemployment estimates as well as revised historical data. Today’s announcement is the result of that annual process, which is known as “benchmarking.” These benchmark revisions are a standard part of the estimation process and take place this same time every year in each state nationwide.
More Jobs Being Created
Unemployment Continues to Decline
Home Sales Robust
Economic Growth Trends Up Across State
Workforce Boards Assisting in Employment
Due to the processing time needed to prepare the annual benchmarking updates, the release of February 2013 employment data is scheduled for March 29. For the remainder of 2013, the monthly releases of the prior month’s data will occur on the third Friday of each month. To view the January 2013 monthly employment data visit: www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.