Thursday, May 24, 2018
Business

ADP report: Florida job growth slows in February

For the second month in a row, Florida job creation is slowing down, according to a regional employment report released Wednesday.

Payroll processing company ADP estimated that Florida added 10,840 private sector jobs last month, slightly less than January and far shy of the pace two months ago when the state churned out 25,000 new private sector jobs.

After breaking out as a national leader a few months ago, Florida is now adding jobs at a slower pace than Arizona, Texas, Nevada and Utah.

Texas continued to dominate as jobs king, adding more than 21,000 private jobs in the month, or nearly twice as many as Florida, which slipped one notch to the No. 3 spot behind California.

Florida isn't alone. Employment growth was slower in all regions in February compared to the six-month average, according to Ahu Yildirmaz, senior director of the ADP Research Institute. But economists have attributed some of the national sluggishness in the labor market to poor winter weather, which wasn't a factor in Florida.

Unlike the well-known Labor Department estimates for job creation and unemployment rates, ADP does not include jobs added or lost in state, local and federal government in its calculations.

The government's next jobs report for Florida, which includes the unemployment rate for January, is scheduled for March 17. The statewide numbers for February will follow on March 28.

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