Four of the five largest metropolitan areas with the lowest unemployment rates are in Florida, according to the latest data from the Bureau of Labor Statistics (BLS).
Based on the BLS’ calculations of large metropolitan statistical areas — which the agency defines as having had at least 1 million residents as of the 2010 Census — four of the top five metro areas in terms of lowest unemployment rate were in the Sunshine State and all five were in the southern U.S.
The Miami metropolitan area, which includes Fort Lauderdale and West Palm Beach, was tied for the lead with a preliminary unemployment rate of 2.2% in February. Also notching a 2.2% unemployment rate was the Birmingham and Hoover, Alabama, metro area. Both are well below the national unemployment rate, which was 3.5% as of March.
An aerial view of the City of Miami skyline is seen next to the waters of Biscayne Bay on July 21, 2022 in Miami, Florida. (Joe Raedle/Getty Images / Getty Images)
In a two-way tie for third were the Jacksonville metro area and the Tampa, St. Petersburg, and Clearwater metro area — which each recorded a 2.5% unemployment rate in February.
The Orlando, Kissimmee, and Sanford metropolitan statistical area came in at fifth with a 2.6% unemployment rate, which was tied with Salt Lake City, Utah.
Sunset time in Destin, Florida, USA (iStock / iStock)
The rest of the top 10 was rounded out by metro areas with unemployment rates below 3% in February per the preliminary BLS data, including:
Aerial drone view of sprawling Tampa Bay Skyline, Florida. (Joe Sohm/Visions of America/Universal Images Group via Getty Images / Getty Images)
Florida’s economic growth has been driven by an influx of new residents who have moved to the state in the past year.
Data released by the Census Bureau in December showed that Florida was America’s fastest-growing state for the first time since 1957. Florida’s population grew by 416,754 residents, or 1.9%, from 2021 to 2022 — reaching a total of more than 22.2 million.