Gov. Scott: West Palm Beach Adds Over 18,000 Jobs Over the Year in January 2015

Today, Governor Rick Scott announced that the West Palm Beach metro area experienced positive annual job growth, with an increase 18,200 jobs over the year in January 2015. The metro area’s unemployment rate declined by 1.2 percentage points over the year, from 6.4 percent in January 2014 to 5.2 percent in January 2015. Florida businesses have added more than 801,000 private-sector jobs since December 2010.

Governor Scott said, “With more than 801,000 jobs created since December 2010, including over 18,000 new jobs over the year in West Palm Beach, Florida’s growing economy is continuing to be a model of success for the nation. We are working everyday to make Florida the best place in the country and the world to make dreams come true.”

The industries with the largest job gains over the year were professional and business services with 5,800 new jobs and trade, transportation, and utilities with 3,800 new jobs. In January 2015, the West Palm Beach metro area had 19,540 online job openings. The metro area had 5,373 for high wage, high skill science technology engineering math (STEM) openings.

Every March, the U.S. Department of Labor, Bureau of Labor Statistics (BLS) releases revised historical employment (jobs) and unemployment rates based on a benchmarking process to adjust the data. These benchmark revisions are mandated by BLS and take place this time every year in every state. This process introduces new population inputs from the most recent Census and other revisions to economic data which leads to changes in the original estimates.

Florida created 14,600 private-sector jobs in January 2015, and a total of 801,100 private-sector jobs since December 2010. Florida’s statewide unemployment rate for January 2015 was 5.7 percent. In January, more than 35,500 Floridians were placed in jobs by CareerSource Central Florida, along with the state’s other 23 Regional Workforce Boards.

To view the January 2015 employment data visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

 

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