Florida's May unemployment rate remains steady at 3.3%, while construction sector employment grows; other sectors see job losses.
Florida's unemployment rate remained steady at 3.3% in May, with a decline of 14,000 in the labor force. Construction employment rose by 5,500 jobs, while sectors such as professional and business services, government, and manufacturing experienced job losses. Florida's real GDP grew by 21.9% from Q1 2019 to Q1 2024, and the state has maintained a lower unemployment rate than the national average for 43 consecutive months.
June 21, 2024
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