Unemployment Rate: The unemployment rate in Florida was 3.8% as of January 2021, which is below the national average. This can be an indication that the labor market in Florida is competitive and it may be more difficult for employers to find qualified candidates.
Population Growth: Florida is the third most populous state in the US and is experiencing significant population growth. This can be a positive factor for employers looking to fill positions, as there may be a larger pool of candidates available.
Diversity: Florida has a diverse population, with a large percentage of residents identifying as Hispanic or Latino. This diversity can be an asset for employers looking to build a diverse and inclusive workforce.
Education Level: According to the US Census Bureau, about 29% of Floridians over the age of 25 have a bachelor's degree or higher. This can be a positive factor for employers seeking candidates with higher levels of education or specialized skills.
Minimum Wage: Florida's minimum wage is currently $8.65 per hour, which is slightly higher than the federal minimum wage of $7.25 per hour. However, the minimum wage in Florida is set to increase gradually over the next few years, which may impact hiring and recruitment strategies for some employers.
Labor Force Participation Rate: Florida's labor force participation rate was 58.5% as of January 2021, which is slightly below the national average. This can be an indication that there may be a smaller pool of potential candidates available for certain positions.
Industry Trends: According to the Bureau of Labor Statistics, some of the fastest-growing industries in Florida include healthcare, construction, and hospitality. This can be helpful information for employers looking to fill positions in these sectors.
Some of the largest cities in Florida include: Jacksonville, Miami, Tampa, Orlando, St. Petersburg, Hialeah, Tallahassee, Port St. Lucie, Fort Lauderdale, Cape Coral, Pembroke Pines, Hollywood, Miramar, Gainesville, Coral Springs, Miami Gardens, Clearwater, Palm Bay, Pompano Beach, West Palm Beach