Florida’s private-sector employment soared to an all-time high in March, which not only fully recovered all jobs lost in the recession but created new ones. Employment reached an astounding 6,941,000 surpassing the previous high of 6,933,600 in March 2007.
The unemployment rate stayed at 5.7 percent from February while the national rate also remained at 5.5 percent. The Gainesville Metropolitan statistical area had the lowest unemployment rate in the state at 4.6 percent. This rate was a 1 percent drop from February and an astonishing 8 percent drop from March 2014. The low unemployment rate was the result of a smaller labor force that was at 137,028 in March, compared to 130,593 in February.
The fastest growing industries, mining, logging, and construction, grew at 9.5 percent. In addition, education and health services added 1,300 jobs while business and professional services added 1,000 jobs.
Overall, Florida experienced a job growth of 284,100 over the year at a rate of 3.7 percent, which is 1.4 percent higher than the national average. Except for the information industry, all other jobs saw an increase.