Study Shows Florida’s Major Cities Boast Lowest Unemployment Rates in the US
A recent analysis by Axios of Department of Labor data has found that three of the largest cities in the United States with the lowest unemployment rates are located in Florida. Orlando, Tampa Bay, and Miami had some of the lowest unemployment rates in the country at 2.6%, 2.5%, and 2.2% respectively. Miami had the lowest unemployment rate of any large city in the country. All three were below the national unemployment level of 3.6%.
What’s even more impressive is that these cities are slightly below Florida’s average unemployment level of 2.6%, which is 0.8% below the national average. Florida Governor Ron DeSantis, who took notice of the trend, praised the state’s figures last month. He noted that Florida is ranked No. 1 in net migration, tourism, and new business formations because the state has been able to forge its path forward to success by prioritizing policies that support Florida families despite persistent inflation and national economic headwinds.
The state’s success in job creation is not a fluke. The private sector continues to generate jobs in Florida, creating nearly 30,000 jobs over the month in January 2023 alone, according to acting Secretary Meredith Ivey of the Florida Department of Economic Opportunity. Thanks to Governor DeSantis’ commitment to Florida’s future, Floridians can trust in the state’s workforce, businesses, and communities for years to come.
Indianapolis and Minneapolis were the only non-Florida cities on the list of five large cities with the lowest levels of unemployment. On the other end of the spectrum, Las Vegas, Chicago, Los Angeles, Houston, and Cleveland had the highest unemployment rates among large U.S. cities, all having unemployment levels well above the national average. For instance, Las Vegas, which had the highest unemployment rate, had a 5.7% unemployment rate.