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Job Growth is a very important indicator to measure the economic health of a certain region. Florida belongs to the list of the Top 10 states with the highest job growth rates in the US. The indicator is calculated by the U.S. Bureau of Labor Statistics (BLS). Having a strong job growth rate is an important factor to consider when deciding to invest or buy real estate in Florida.
Employment growth is a characteristic in almost every sector, specially in metropolitan areas. Wages are growing as well. Florida has no state income tax, a big advantage for many firms and big companies. Some great brands that are based in Florida are: Publix, Lennar, Tupperware, Carnival, Royal Caribbean Cruises, Hertz, Burger King, and many more.
Recently, big hedge funds are coming to Florida, migrating from the high-tax states from the north.
The states that saw the highest job growth percent increase are:
- Utah (3.10%)
- Nevada (3.10%)
- Washington (3.00%)
- Idaho (2.80%)
- Texas (2.60%)
- Florida (2.60%)
- Arizona (2.50%)
- New Mexico (2.40%)
- South Dakota (2.10%)
- Alabama (2.00%)
