Job market remains strong in Southwest Florida, despite Hurricane Ian (2024)

Southwest Florida's job market remains healthy, despite Hurricane Ian.

The region's unemployment rate fell to 2.7% in December.

That compared to 3.3% in November – and 2.6% a year ago.

The latest data, released Friday by the Florida Department of Economic Opportunity, shows total employment rose by 3.7% over the year in the three largest metro areas, made up of Lee, Collier and Charlotte counties.

The job count in the three counties grew by 18,900.

These five industries added the most jobs over the year:

  • Education and health services (+6,200)
  • Construction (+3,700)
  • Trade, transportation and utilities (+3,000)
  • Government (+2,000)
  • Financial activities (+1,700)

The only industry losing jobs: Leisure and hospitality, or tourism (-500).

Earlier:New year offers new job opportunities in SWFL

More:Hurricane Ian: Ritz-Carlton latest resort to announce hundreds of layoffs in Southwest Florida

While Ian has taken a toll on tourism, the industry still employs 81,700 in the three metros – even with myriad storm-damaged coastal hotels and resorts still closed, as they repair, rebuild or rethink their future.

Tourism industry rebuilds

Although Lee suffered the most damage, its tourism industry gained 600 jobs over the year. Collier's lost 1,400 – with a few of its larger waterfront resorts in repair mode, including the Ritz-Carlton, Naples, and the LaPlaya.

The Ritz doesn't expect to reopen until mid-2023.

The LaPlaya plans a phased reopening starting in March.

"We are currently undergoing various restoration efforts to returnLaPlayaback to its grandeur," said Alexandria Hurley, a resort spokeswoman, in an email.

Job market remains strong in Southwest Florida, despite Hurricane Ian (1)

In December, total employment grew to 305,700 in Lee County, hitting an all-time high, despite Ian. The county added 12,800 jobs over the year – gaining 2,600 in the private sector since Ian made landfall. No industries lost jobs.

In Collier, employers added 3,700 jobs over the year. Only the tourism industry lost jobs.

After reviewing the latest jobs report for the region, AmyHanna-Eckenrode, communications manager forCareerSource Southwest Florida, described it as a breath of fresh air in challenging times.

"It has been a pleasant surprise to see the job numbers doing so well and to see them increasing. To actually see it on paper," she said.

Job market remains strong in Southwest Florida, despite Hurricane Ian (2)

CareerSource Southwest Florida matchesjob seekerswith employers in the region – and there are still more jobs than job seekers.

Businesses are bouncing back

In the aftermath of Ian, it has been both refreshing and inspiring to see so many businesses getting back on their feet and moving forward again, Hanna-Eckenrode said.

"We are getting a lot of help at the state and federal level financially, and I think the businesses and the people are starting to feel that," she said. "That sense of encouragement, and a little bit of lightness about them."

The number of jobs added in education and health services is particularly encouraging, chipping away at the need for everything from teachers to nurses, to catch up and keep up with Southwest Florida's rapid population growth, and to replace retiring Baby Boomers, Hanna-Eckenrode said.

"A lot of the health care facilities, they have really been putting forth an effort with hiring events, recruitment events, with raising wages, with incentives. I'm hoping this is a sign that it's paying off for them," she said.

In Southwest Florida, employers are hiring across industries. Not only are jobs returning, but businesses continue to sprout – and expand – creating new jobs, as they did before Ian hit in September.

In Collier County, CareerSource Southwest Florida will hold its next job fair on Jan. 24 at its Naples Center, off Horseshoe Drive, from 10 a.m. to 2 p.m. Participants include major employers, such as Arthrex and Collier County Public Schools, as well as a handful of smaller ones.

"We've just been so anxious for this day to arrive. To where we can shed our skin from Ian and say that's behind us. It's time to move forward and I think we're doing that," Hanna-Eckenrode said.

Job market remains strong in Southwest Florida, despite Hurricane Ian (3)

New opportunities arise

Besides the usual jobs, there are new opportunities created by Ian.

That includes temporary jobs in humanitarian, cleanup and restoration work that are still available through aNational Dislocated Worker Grant programin Southwest Florida.

CareerSource Southwest Florida received the grant to help speed recovery from the catastrophic storm. The government-funded jobs could last for a yearor possibly longer, designed to help workers who've permanently or temporarily lost their jobs to Ian.

Only non-profit organizations and government agencies can take advantage of the grant program, which covers 100% of the salary for job seekers impacted by Ian.

Nearly 60 employers have signed up to participate in the program, with dozens of workers hired since its launch in October.

There are still 280 jobs available for those who can qualify and want to take advantage of the program, including a few positions at CareerSource, Hanna-Eckenrode said.

"We still need people," she said.

In December, there were 18,019 unemployed residents in Southwest Florida, out of a labor force of 666,204.

The labor force grew by 22,614 over the year, up 3.5%.

The region's jobless rate came in slightly higher than the state's in December.

Statewide, unemployment stood at 2.2%, a half a percentage point lower.

Regionally, Collier had the lowest unemployment rate – at 2.2%. It was followed by Glades (2.3%), Lee (2.9%), Charlotte (3%), and Hendry (3.2%).

Economists consider anunemployment rate of 4% to 5% full employment, as there are always workers between jobs and businesses in flux.

Job market remains strong in Southwest Florida, despite Hurricane Ian (2024)

FAQs

Job market remains strong in Southwest Florida, despite Hurricane Ian? ›

Governor DeSantis Announces Southwest Florida Unemployment

Florida Unemployment
Reemployment Assistance (also referred to as unemployment insurance) provides temporary wage replacement benefits to qualified individuals who are out of work through no fault of their own.
https://www.floridajobs.org › Reemployment-Assistance-Servi...
Rate Continues to Drop Over the Year. Naples, Fla. — Today, Governor Ron DeSantis announced that the Southwest Florida area's unemployment rates continue to drop over the year, despite the impacts of Hurricane Ian.

Does Florida have a strong job market? ›

TALLAHASSEE, Fla.

—Today, FloridaCommerce announced Florida's private sector job growth rate continues to outpace the nation. Florida's private sector job growth rate increased by 2.1 percent (+179,800 jobs) over the year in March 2024, faster than the national rate of 1.7 percent.

What city in Florida has the best job opportunities? ›

Cape Coral-Fort Myers holds first place in the national rankings, while Sarasota-Bradenton, Orlando, Lakeland, and Miami-Fort Lauderdale are also in the top 10. The report says these Florida markets rank high due to strong job growth and low unemployment rates.

How is the job market in Sarasota? ›

Sarasota Leads the Region in Job Growth Through Mid-2023

Collectively, the region has added over 24,000 jobs over the trailing twelve-month period, 40% of which occurred in the Sarasota market.

What is the most moved to place in Florida? ›

The PODS report showed more than 25 percent of the top 20 move-in cities were in Florida, with five of the Florida cities on the list placed in the top 10: Sarasota, Orlando, Ocala, Jacksonville, and Tampa Bay. All these cities are repeat performers who made the top 20 last year.

What is a comfortable salary in Florida? ›

with a single adult needing a salary of $94,432 to “live comfortably.” While the hourly wage needed ranges from $43 to $48 in Florida, the minimum wage is currently $12 an hour. In November 2020, Florida voters approved incremental increases to the state's minimum wage.

What is a comfortable wage in Florida? ›

A decent salary — one that allows for necessities, fun, and savings — might start around $69,000 for a single, childless person in Florida and $94,500 for a couple. Why those figures? Using the 50/30/20 budget method, start with what MIT calls a living wage in Florida, which covers basic needs (50% of a salary).

What part of Florida has the best job market? ›

Without a doubt, one of the best places for employment in all of Florida is Tampa. In fact, Tampa ranked in a list of the top 150 U.S. cities for its job market and its socioeconomic environment. In the past year, the number of jobs in Tampa grew by more than 3%.

Who is the largest employer in Sarasota County? ›

Sarasota's Top Employers

In Sarasota, however, with more than 4,400 employees, the local school district constitutes the largest number of employees by a wide margin.

What is the #1 industry in Florida? ›

The country heavily relies on tourism to drive its economy than any other US state. Florida is jam-packed with all kinds of attractions and fun adventures. Millions of tourists from the US and beyond flock the state for fun and relaxation making tourism a trademark aspect of the economy.

Why is unemployment so low in Florida? ›

“Through strong economic policy and strategic investments, Florida is outperforming the nation and providing more opportunity for its citizens, resulting in more than 200,000 new business formations this year alone and an unemployment rate near an all-time low,” said Governor Ron DeSantis.

What state is hardest to find jobs? ›

Nevada topped TradingPedia's ranking as the state with the highest unemployment rate both measured years. The Bureau of Labor Statistics found that the state's unemployment rate had not seen any significant change compared to the same period last year, staying consistently high at 5.24% in 2022 and 5.27% in 2023.

Is unemployment high in Florida? ›

Florida's unemployment rate was 3.2% in March 2024.

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