Monday, May 21, 2018
Business

Report shows Florida adding private sector jobs at fastest pace since recession ended

Florida is adding private-sector jobs at its fastest pace since the economic recovery began based on a report released Wednesday.

In fact, Florida added more private-sector jobs in November than everywhere but the hotbed of Texas, according to a regional snapshot of employment statistics by payroll processor ADP.

The addition of 19,450 non-government jobs last month is more than double Florida's growth in October when the partial government shutdown was restricting the economy.

It marks the biggest one-month surge in new jobs since ADP began publicly announcing its estimates for private sector job creation by state early this year. An ADP database also indicates the month-over-month percentage increase in Florida's workforce — up three tenths of a point — matches November 2012 as the biggest one-month rise since the Great Recession ended in 2009.

The report could be a harbinger for Florida releasing a strong jobs and unemployment report for November statewide. The state's monthly update is scheduled to come out Dec. 20. As of last October, the state's unemployment rate had fallen to 6.7 percent, fueled by back-to-back months of strong job growth.

On the down side, ADP's latest analysis reinforced one of the disheartening themes of this economic recovery: Most of the jobs added in November (15,840) were in the lower-paying service sector, more than four times the number of goods-producing jobs created (3,610).

The payroll company estimated there were 4,920 net new jobs in trade transportation and utilities; 3,780 in professional and business services; 2,910 in mining and construction; and 700 in manufacturing.

Unlike the broader monthly employment report from the U.S. Department of Labor, ADP's figures do not include government jobs.

Comments
GasBuddy predicts plunge in summer travel, blames gas prices

GasBuddy predicts plunge in summer travel, blames gas prices

At least one gas price tracker expects rising fuel prices to sharply curtail summer travel. In a recent survey by GasBuddy.com, just 58 percent of motorists surveyed said they would take a road trip this summer, down 24 percent from last year. Just u...
Updated: 18 minutes ago
Construction poised to begin this week on four-story boutique hotel in Ybor City

Construction poised to begin this week on four-story boutique hotel in Ybor City

TAMPA ó A ceremony marking the start of construction on a four-story, $32 million boutique hotel at 1402 E Seventh Avenue has been set for Thursday.The site is now a parking lot, but plans on file with the city of Tampa outline a hotel project with 1...
Updated: 1 hour ago
FPL parent wants to expand its Florida footprint with new purchase

FPL parent wants to expand its Florida footprint with new purchase

TALLAHASSEE ó The parent company of Florida utility giant Florida Power & Light announced Monday that it will buy the largest electricity producer in Northwest Florida, Gulf Power, in a $6.4 billion deal.Juno Beach-based NextEra Energy Inc. said in a...
Updated: 1 hour ago
Barack and Michelle Obama are becoming television and film producers for Netflix

Barack and Michelle Obama are becoming television and film producers for Netflix

Netflix announced a production deal Monday with Barack and Michelle Obama that will see the former first couple create a wide range of content for the streaming service.The deal, talks for which had first been reported in March, will encompass a wide...
Updated: 3 hours ago
Starbucks: You donít have to buy coffee to sit in our cafes or use our restrooms

Starbucks: You donít have to buy coffee to sit in our cafes or use our restrooms

Starbucks is now allowing people to use its restrooms and sit in its cafes and patios even if they do not buy anything.The coffee giant on Saturday announced its new policy, which says that customers, including those who did not make a purchase, can ...
Updated: 8 hours ago

Hernando Business Digest for May 25

Business digestBrieflyHOSPITAL UPGRADES SURGICAL SYSTEM: Oak Hill Hospital recently acquired the latest da Vinci Xi Surgical System, which has broader capabilities than prior generations of the system. The new system is designed with the goal of furt...
Published: 05/21/18
Camping without the hassle: New service rents you all the gear you need, plus the car

Camping without the hassle: New service rents you all the gear you need, plus the car

One day in April, I returned from a camping trip - a quick 24 out of the city - and ran a load of laundry. Whatís more telling is what I didnít do.I didnít hose down a muddy tent, I didnít soak a shoddily cleaned pot, and I categorically did not empt...
Published: 05/19/18
Romano: Save your money, sports betting wonít be in Florida anytime soon

Romano: Save your money, sports betting wonít be in Florida anytime soon

It is the middle of the day and the beginning of the off-season at Tampa Bay Downs. That means the action is limited to simulcast wagering, and that means the televisions outnumber the bettors.The parimutuel industry is long past its heyday in Americ...
Published: 05/19/18
Son of Crabby Billís founder leaves complex legacy of troubled projects and good deeds

Son of Crabby Billís founder leaves complex legacy of troubled projects and good deeds

SOUTH PASADENA ó Like his father, who founded the Crabby Billís seafood restaurant chain, John Loder Sr. had a larger-than-life personality. That was one reason he dived into the real estate business, becoming a well-known, if at times controversial ...
Updated: 6 hours ago
Global Tampa Bay initiative seeks to grow direct foreign investment through expanded regional teamwork

Global Tampa Bay initiative seeks to grow direct foreign investment through expanded regional teamwork

TAMPA ó A decade ago, the Great Recession put Hillsborough and Pinellas countiesí efforts to grow their foreign exports on hold.But since then those efforts have returned, gained support and momentum, expanded the range of their ambition and are now ...
Updated: 10 hours ago