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Wells Fargo: Florida sees broad-based job gains

November 19, 2019 - Florida continues to add jobs at a spectacular pace, a report from Wells Fargo Securities said. Private sector payrolls rose 0.3 percent in October, as 22,800 net new jobs were created. Employment rose across most major industry categories. Education and health services added the largest number of new jobs, followed by the leisure and hospitality sector, with most of that increase coming at hotels and restaurants. "The breadth of job gains suggests the pace of job growth should remain strong for the foreseeable future. The only question is whether employers can find all the workers they need," the report said, noting that Florida’s labor market is "incredibly tight," with an unemployment rate of just 3.2 percent.

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