February 3, 2023

Florida TaxWatch Economic Commentary

Florida's 2016 job growth shows continued success

| 2/6/2017

Tallahassee, Fla. — Florida’s job growth in 2016 has brought the state’s employment numbers to an all-time high, according to a new report released today by Florida TaxWatch, the state’s premier nonpartisan, nonprofit government watchdog.

With an addition of 257,000 jobs in 2016, Florida continues to rise from the Great Recession. Over the past year, nearly all of Florida's major industries have seen employment gains, and the unemployment rate has fallen to 4.8 percent, continuing a steady trend over the past six years.

“The job numbers show that Florida continues to be a national leader for job creation,” said Dominic M. Calabro, President & CEO of Florida TaxWatch. “It is encouraging that Florida is adding jobs; however, we must remain focused on economic development and continue to invest in marketing the Sunshine State if we expect 2017 to be another great year in Florida.”

The positive job numbers signal a growing state economy as people get back to work. In fact, nonfarm employment is nearly 8,400,000, higher than pre-recession employment. The largest gains in employment occurred in three industries: Accommodation and Food Services (38,200), Health Care and Social Assistance (37,300), and Administration, Support, and Waste Management (32,200). Florida's favorable tax environment and diverse economy allows businesses to flourish and create opportunities for Floridians. With 2016 being a great year for the job market, Floridians can continue to be optimistic that the state is on the right path heading deeper into 2017.

Read the report here.

About Florida TaxWatch

As an independent, nonpartisan, nonprofit taxpayer research institute & government watchdog for more than one third of a century, Florida TaxWatch works to improve the productivity and accountability of Florida government. Its research recommends productivity enhancements and explains the statewide impact of fiscal and economic policies and practices on citizens and businesses.

Florida TaxWatch is supported by voluntary, tax-deductible donations and private grants, and does not accept government funding. Donations provide a solid, lasting foundation that has enabled Florida TaxWatch to bring about a more effective, responsive government that is more accountable to, and productive for, the citizens it serves since 1979. For more information, please visit http://www.floridataxwatch.org.

Tags: Florida TaxWatch, employment

Florida Business News

Florida News Releases

Florida Trend Video Pick

Florida city highlights impacts of gerrymandering
Florida city highlights impacts of gerrymandering

A protracted legal fight over how city council districts were drawn in Jacksonville, Florida, reflects an aspect of redistricting that often remains in the shadows.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Do you think 2023 will be a year of economic prosperity or economic hardship for small businesses?

  • Economic prosperity
  • Economic hardship
  • Too soon to tell
  • Unsure/need more information
  • Other (Please share your comments in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2023 Trend Magazines Inc. All rights reserved.