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Florida’s private-sector growth rate top all large states

Staff writer |
Florida’s private-sector job growth rate of 3.4 percent in October was the highest among the ten most populous states, including Texas, California, and New York.

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October marks the eighth consecutive month that Florida’s growth rate has been first among large states. Florida’s job growth rate is also significantly higher than the nation’s, which is at 2.2 percent.

October is the ninth consecutive month Florida has had a higher private-sector job growth rate than Texas, and the 22nd month the state has had a higher private-sector job growth rate than California.

In October, Florida ranked second among the largest states in total private-sector jobs added, with more than 244,000 jobs created over the year.

Florida was also ranked first in over-the-year job gains in the financial activities industry when compared to all states with the creation of 13,900 new jobs. This is the seventh consecutive month that Florida has created more private-sector jobs over the year than Texas.

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