New jobs report reveals major unemployment milestone, private sector success, DeSantis says

TALLAHASSEE, Fla. – Florida’s February jobs report revealed that the state hit 40 consecutive months of a lower unemployment rate compared to the national rate.

It also showed continued trends of private sector growth and success as 2024 progresses.

The national unemployment rate rose to 3.9% for February 2024, while Florida’s rate did not rise and “outperforms” the national rate by 0.8%, the governor’s office announced.

The state’s private sector job growth rate increased by 2.3%, or 194,200 jobs, over the year in February, while the U.S. grew by only 1.6%.

“Florida continues to outperform the nation,” Gov. Ron DeSantis said. “We have proven that bold, conservative leadership across the board produces booming economic results—more jobs, lower taxes, less regulation, and fiscal security.” 

Florida Secretary of Commerce J. Alex Kelly praised the governor for his leadership as the state economy continues to grow.

“Under Governor DeSantis’ leadership, Florida continues to provide an economy for our residents that is primed for opportunity and secure for future growth,” Kelly said. “Florida’s strong talent pipeline and skilled workforce are the building blocks of Florida’s economic growth and stability. February’s economic data is more absolute evidence that Florida is on the right path.”

Education and health services sector gained the most jobs of the major industries, adding 57,500 jobs over the year. Trade, transportation and utilities performed second best, providing an additional 48,300 jobs.

Additionally, Florida’s labor force grew by 2%, adding 217,000 jobs over the year.