January 20, 2020

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.

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Bradenton area delivers on hot buttons for business site selection
Bradenton area delivers on hot buttons for business site selection

Air Products dedicates a test facility and breaks ground for a manufacturing facility expansion near Port Manatee. The company manufactures liquefied natural gas heat exchangers.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

What top issue do you believe Florida lawmakers should address in 2020?

  • Health care
  • Insurance
  • Water/environment
  • Education
  • E-Verify
  • Online sales tax
  • Other

See Results

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

© Copyright 2020 Trend Magazines Inc. All rights reserved.