Florida isn’t just for retirees anymore.
For the first time in at least 40 years, there are more jobs in the Sunshine State than there are in New York, part of the trend of Americans fleeing south to lower-cost states.
Florida ended 2022 with 9,578,500 nonfarm jobs, while New York had 9,576,100, according to the Bureau of Labor Statistics. It was the first time in data going back to 1982 that Florida had more workers than New York.
“Florida is no longer God’s waiting room,” said Craig Studnicky, chief executive officer of ISG World, a real estate firm that specializes in luxury residential developments in South Florida. “We’re attracting businesses and young people to come from all over the country because of our low taxes and warm weather.”
The job gap between New York and Florida has been narrowing for years as Americans move south to states with lower taxes. But the pandemic hit the job market in Manhattan and elsewhere across the Empire State particularly hard, while Florida has increasingly been attracting tech and finance workers.
--With assistance from Alexandre Tanzi.
This article was provided by Bloomberg News.