August 22, 2019

Financial services sector bolsters Florida's economic growth in June

Florida's unemployment rate stayed at 3.4 percent from May to June, and the state added 16,100 jobs over the month.

Florida's economy remained strong in June, and the financial service sector is partly to thank.

Florida's unemployment rate stayed at 3.4 percent from May to June, and the state added 16,100 jobs over the month (up less than 1 percent). It has gained and 218,800 jobs since last June (up 2.5 percent).

Business and professional services, which includes the financial service sector, added the second-most jobs between June 2018 and last month (40,500 jobs), following education and health services (54,700 jobs).

The growth in jobs for the sector is because of a strong talent pipeline from as early as high school, PNC economist Abbey Omodunbi said. He said that's especially true for Tampa Bay, the "financial services capital" of the state.

Read more from the Tampa Bay Times.

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