Governor DeSantis Announces Tampa Private Sector Employment Up 5.7% Over the Year in May 2022

Tampa, Fla. — Today, Governor Ron DeSantis announced that the Tampa metro area led the metro areas in job gains over the year in financial activities (+6,900 jobs). The Tampa area also gained the third highest number of private sector jobs of all metro areas in the state, adding 69,900 new private sector jobs over the year, a 5.7 percent increase. The Tampa area’s labor force grew by 64,294 over the year in May 2022, a 4.1 percent increase. The Tampa area’s unemployment rate was 2.4 percent in May 2022, a decrease of 1.9 percentage points from the year ago rate of 4.3 percent.

The industries gaining the most jobs over the year were leisure and hospitality (+22,300 jobs); trade, transportation, and utilities (+15,000 jobs); and professional and business services (+12,700 jobs).

In May 2022, Florida’s unemployment rate decreased by 1.9 percentage points over the year to 3.0 percent, and continues to remain below the national rate, which is currently 3.6 percent. Florida’s unemployment rate has remained below the national rate for 18 consecutive months and has declined or held steady for 22 consecutive months.

The state’s total private sector employment increased by 459,500 (+5.9 percent) over the year in May 2022, 0.8 percentage point faster than the national growth rate of 5.1 percent. Florida’s over-the-year private sector job growth has also exceeded the nation’s for 14 consecutive months since April 2021.

Data in the month of May continues to indicate there are many job opportunities available for Floridians throughout the state, with more than 499,000 jobs posted online. Floridians in search of work and new job opportunities are encouraged to turn to the CareerSource Florida network for help. Floridians can find guidance on how to register with Employ Florida and search listings of available local job openings. Career seekers also can improve their employability by perfecting resume writing and interviewing skills, establishing career goals, and pursuing customized career training. These services are provided at no cost to job seekers.

To view the statewide May 2022 employment data, visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.  Visit Florida Insight for more information on labor market and economic data.

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