Archive for February, 2018

Tampa is second in state job creation

Monday, February 5th, 2018

Tampa is one of the biggest job creation leaders in Florida, according to recent labor statistics.

The Tampa area added 28,400 new private-sector jobs in the last year, continuing to create the second-highest number of jobs among all Florida metro areas.

The Tampa area also continues to rank first in the state in demand for high-skill, high-wage STEM occupations with 14,839 openings in November. Tampa’s unemployment rate dropped to 3.6 percent, down 1.0 percentage point from one year ago.

Statewide, Florida businesses created 13,900 new jobs in November and the unemployment rate remained at 3.6 percent, the lowest rate in more than a decade. Since December 2010, Florida businesses have created 1,465,800 new private-sector jobs.

Governor Scott said, “It is great news that the Tampa Bay area, like the rest of the state, continues to have strong economic growth with more than 28,000 new jobs created over the year. It is clear that Tampa Bay continues to be a great place for businesses to grow and create jobs.”

The Tampa area remained first among the state metro areas in job demand in November with 44,792 openings.

In the last year, 199,000 people entered Florida’s labor force, a growth of 2.0 percent. This rate is nearly three times the national labor force growth rate of only 0.7 percent. In November, 16,990 Floridians were placed in jobs by CareerSource Tampa Bay and the state’s other 23 local workforce boards.

Wages for Tampa jobs climb

Monday, February 5th, 2018

Wages for Tampa jobs have increased, according to labor statistics.

The average annual wage in Hillsborough County rose by $9,552 from 2007 – 2016, the highest dollar amount increase among Florida’s major counties, according to data released by the Tampa Hillsborough Economic Development Corporation.

Hillsborough County’s current average annual wage of $50,768 is the second highest average annual wage in Florida, behind Palm Beach County at $51,098.

“Tampa and Hillsborough County’s sustained efforts to attract and grow companies that pay higher wages and invest in our community are paying off,” said Craig J. Richard, CEcD, FM, president and CEO of the Tampa Hillsborough Economic Development Corporation (EDC). “Employers are drawn to this region for the quality of talent they find here, and salaries are rising accordingly.”

From 2007–2016, Hillsborough County experienced the second highest percentage wage gain increase, 23.2 percent, among Florida’s most populous counties.

Pinellas County’s average annual wages grew by 24.6 percent for the same period.

Tampa Hillsborough Economic Development Corporation (EDC) is the designated economic development agency for Hillsborough County and the cities of Tampa, Plant City and Temple Terrace.  Established in 2009 as a partnership between the public sector and private corporate investors, the EDC works to develop and sustain a thriving local economy

Manufacturing jobs in Tampa rise

Sunday, February 4th, 2018

New labor statistics show that manufacturing jobs in Tampa are climbing.

Employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported.

In January, the unemployment rate was 4.1 percent for the fourth consecutive month. The number of unemployed persons, at 6.7 million, changed little over the month.

Construction added 36,000 jobs in January, with most of the increase occurring among specialty trade contractors (+26,000). Employment in residential building construction continued to trend up over the month (+5,000). Over the year, construction employment has increased by 226,000.

Employment in food services and drinking places continued to trend up in January (+31,000). The industry has added 255,000 jobs over the past 12 months.

Employment in health care continued to trend up in January (+21,000), with a gain of 13,000 in hospitals. In 2017, health care added an average of 24,000 jobs per month.

In January, employment in manufacturing remained on an upward trend (+15,000). Durable goods industries added 18,000 jobs. Manufacturing has added 186,000 jobs over the past 12 months.

Employment in other major industries, including mining, wholesale trade, retail trade, transportation and warehousing, information, financial activities, professional and business services, and government, changed little over the month.