Volume 3 Number 34
August 21, 2006

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GOVERNOR BUSH HERALDS FLORIDA’S STRONG JOB STATISTICS

Florida leads the nation’s ten most populous states in job creation

Governor Jeb Bush today touted Florida’s most recent employment numbers, highlighting the state’s continued success as a national leader in job creation. According to statistics released today by the Agency for Workforce Innovation, Florida added 259,800 jobs (seasonally adjusted) from July 2005 to July 2006. Florida’s unemployment rate is 3.3 percent, and its job growth rate is more than twice the national average.

Today’s report is great news as Florida continues to see the positive results of our low-tax, pro-business climate,” said Governor Bush.  “Together, Floridians have created a self-sustaining cycle of economic success.  This latest report shows Florida consistently has more job opportunities, a clear indicator that our economic policies are reaping results.” According to statistics released today:

  • From July 2005 to July 2006, Florida added 259,800 new jobs, seasonally adjusted.
  • Florida’s July 2006 unemployment rate was 3.3 percent, 1.5 percentage points below the national rate of 4.8 percent.
  • Florida continues to be a national model for the number of new jobs created with an annual job growth rate that is more than twice the national average.

Governor Bush has made diversifying Florida's economy a top priority, placing particular emphasis on fostering the development of emerging technologies.  New measures passed by the Florida Legislature to enhance Florida’s innovation economy include: $50 million for a World Class Scholars Program and a Centers of Excellence program to build and enhance our innovation infrastructure, $45 million to expand Florida’s Quick Action Closing Fund, $43 million to secure Florida’s position as a leader in the Space and Aeronautics industry, and $200 million to create the Florida Innovation Incentive Fund to bring large scale research projects, private sector business or prestigious institutions to our state.

For more information on Florida’s economic development efforts, please visit www.myflorida.com.