North Central Florida Job Market Update | October 2023

In October, Florida’s unemployment remained the same as in September, at 2.8%, with unemployment at 20,945 and a labor force at 5.2%. Compared to the national unemployment rate of 3.9% in October 2023. Florida was the only state where job growth occurred, with an addition of 28,400 jobs at 0.3%. 

“Florida is bucking the national trends, and we continue to see job growth month after month,” said Governor DeSantis. “In Florida, we are driving economic success through smart investments in workforce education, strong infrastructure, and local community development.”

Unemployment rate, seasonally adjusted, October 2021 – October 2023

Florida’s seasonally adjusted unemployment rate has decreased from 4.5% in October 2021 to 2.8% in October 2023.

Unemployment Rates Among All States

  • Florida tied with Maine, Massachusetts, and Montana for the 11th lowest unemployment rate (2.8%)
  • Maryland had the lowest unemployment rate (1.7%)
  • Nevada had the highest unemployment rate (5.4%)

Florida’s Economic Growth

Recently, Governor Ron DeSantis announced that Florida’s strategic investments have resulted in continuous economic growth. In October 2023, Florida’s labor force grew by 0.2%, surpassing the national average for 29 consecutive months. Private sector employment increased by 252,900 jobs (+3.0%) in October 2023. Florida’s unemployment rate in October 2023 was lower than the national rate of 3.9%, marking the 36th consecutive month that Florida’s unemployment rate has remained below the nation’s average.

Many job opportunities are available throughout the state, with more than 424,000 jobs posted online! We encourage Floridians searching for new job opportunities to visit our network at CareerSource North Central Florida for help. If you want to learn more about available jobs in the North Central Florida area, email [email protected].