Upward Trends Expected for Florida's Import and Exports in 2024; Florida's Employment Approaches 9.9M

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  FLORIDA BY THE NUMBERS
 
 Upward Trends Expected for Florida Imports and Exports in 2024; Florida's Employment Approaches 9.9M
 

Click the video above to watch the latest Florida By The Numbers update.
The April 2024 edition of Florida By The Numbers is now available. Florida Chamber Foundation Senior Research Economist Sheridan Morby takes us on an exclusive journey through the Florida 2030 Blueprint's Six Pillars Framework, specifically highlighting some of the latest metrics that matter to securing Florida's future as a top 10 global economy by 2030.

Some of the metrics covered in this update include:
  • From the Talent Supply & Education Pillar -
    • 10,400 jobs were added this month, bringing Florida's employment to nearly 9.9 million
    • Florida's annual job growth was 2.2%, slower than the month prior but still outpacing national job growth.
    • 8 of the 10 major industries in Florida added jobs last month. Education and Health Services once again had the largest number and percentage in job growth month-over-month, and healthcare occupations remained the most in-demand.
    • Florida's labor market continues to see workforce shortages, with 80 Floridians looking for work for every 100 open jobs.
  • From the Innovation & Economic Development Pillar - 
    • Annually, there was an increase of 0.5% in imports and 1.7% in exports in 2023. The latest monthly figures show year-over-year growth of 9.7%, evidence that 2024 could bring even more growth of Florida's exports.
  • From the Infrastructure & Growth Leadership Pillar - 
    • Closed sales for the single-family housing market were down over 10% in March compared to last year, a trend realized over the past couple of years. However, the median sale price remains fairly steady and inventory continues to increase.
    • For a deep dive analysis into Florida's current housing market, check out the latest op-ed authored by our Executive Vice President Kyle Baltuch,  "Is Florida's Housing Market in Trouble?", HERE>.
  • From the Business Climate & Competitiveness Pillar -
    • Florida's consumer sentiment declined in March, likely due to higher than anticipated inflation.
    • The national inflation rate is 3.5%, while the southern region's inflation rate is 3.8%. These unexpected increases at all regional levels were led primarily by an increase in energy prices.
These metrics and more are found on TheFloridaScorecard.org.
 
 
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