Government and Politics
July 8, 2022
From: Florida Governor Ron DeSantis$2.7 billion in Florida’s Rainy-Day Fund (Budget Stabilization Fund) – the highest in state history.
$15.7 billion in unallocated General Revenue.
$2.8 billion in unallocated trust funds.
$499 million in the newly created Emergency Preparedness and Response Fund.
Florida continues to outpace the nation as Florida’s businesses continue to have robust employment opportunities.
Unemployment rate has remained steady at 3.0 percent, and 0.6 percent point lower than the national rate. Florida’s statewide unemployment rate has been lower than the national rate for 18 consecutive months since December 2020.
Florida’s statewide unemployment rate has declined or held steady for 22 consecutive months.
Between May 2021 and May 2022, Florida’s labor force grew by 313,000, or 3.0 percent, faster than the national labor force growth rate of 2.2 percent over the year.
Between May 2021 and May 2022, Florida’s total private sector employment grew by 459,500 jobs (5.9%), faster than the national private sector job growth rate of 5.1 percent over the year.
As of May 2022, Florida employers have added jobs for 25 consecutive months since May 2020. Florida’s private sector over-the-year job growth rate has exceeded the nation’s for 14 consecutive months since April 2021.