Strength in numbers: Since 1990, Florida's labor force has grown by more than two million workers, reaching over 8.65 million in 2005. Florida is also a magnet for in-migration, with over 260,000 people moving to the state from other parts of the country, and an additional 90,000 from overseas each year.
Sustained growth: Florida's labor force is expected to continue this strong growth trend in the new century. By the year 2013, Florida is expected to employ another one million people, bringing total employment in the state to over 9.5 million. This growth ensures a large and talented workforce for sustained business expansion.
A highly skilled workforce: No Floridian lives more than 50 miles from an institution of post-secondary learning. Florida's labor market has been especially strong in high-value-added businesses and services, including high-tech industries and international trade. There are more than 265,000 high-tech workers in Florida, the fourth highest in the nation.
Cultural diversity: Florida's workforce is one of the most diverse in the nation, both culturally and linguistically. Over 3.2 million Floridians were born outside the United States, and Floridians speak in more than 90 languages. Florida has a particularly strong representation of Spanish and Portuguese speakers, and Miami is the acknowledged business center of Latin America.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
