Florida has also only seen this low of an unemployment rate three times since 1976, when the state began recording unemployment data.
The private sector, in particular, saw outstanding growth in July. Private sector employment grew by 70,000, the governor’s office news release outlined.
This is once again, a historic level for Florida, since that level of over-the-month job creation has only been reached six other times since 1990, when the state began collecting the data for job growth.
Overall, Florida’s labor force grew in July as Floridians entered the workforce and jobs were created consistently.
“July’s employment data speaks for itself — under Governor DeSantis’ leadership, Florida is thriving. July is one of the best months Florida has seen for job creation, representing an achievement the state has only reached seven times in its history,” said Dane Eagle, Department of Economic Opportunity secretary, according to the press release.
“DEO will continue to support Governor DeSantis’ strategic investments in Florida’s residents, businesses, and communities to continue this momentum and keep Florida’s economy strong,” Eagle added.
But while Florida’s labor force and economy continue to flourish, it is in stark contrast to the overall unemployment and labor rates of the nation.
In July, U.S. unemployment decreased slightly, but is still at a high 3.5 percent, Trading Economics reported.
The number of unemployed Americans decreased, but still 5.7 million are unemployed and the labor force participation rate is at a mere 62.1 percent.