Governor DeSantis Announces Florida’s October 2021 Economic Data Demonstrates Continued Economic Growth


Well-Known Member
TALLAHASSEE, Fla. — Today, Governor Ron DeSantis announced that Florida continues to make economic progress with more job growth, labor force increases, and a decline in the unemployment rate. The steady economic growth that Florida is witnessing is thanks to successful policies that put Floridians and businesses first. Florida’s economy continued to thrive in October 2021, with 18 consecutive months of private-sector job growth, adding 44,300 jobs over the month and increasing by 5.7% over the year. Florida has also experienced 12 consecutive months of labor force increases with a growth of 29,000 over the month. Florida’s labor force growth represents a 5.8% increase over the year, which is significantly higher than the national rate of 0.5%. Florida’s unemployment rate, currently at 4.6%, also decreased by 0.2 percentage points from the revised September 2021 rate of 4.8%.