Economic Growth Archives - Rava Realty

Miami’s Unemployment Rate Remains At Record Low 1.4%

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Miami’s Unemployment Rate Remains At Record Low 1.4%

The Miami area continues to experience a record-low unemployment rate, with the latest Bureau of Labor Statistics (BLS) report indicating that in November, the unemployment rate in the Miami-Miami Beach-Kendall metropolitan division stood at 1.4 percent. This marks one of the lowest rates among major metropolitan areas in the United States.

Additionally, Miami-Miami Beach-Kendall saw the fastest year-over-year increase in employment among major metropolitan divisions, with a 3.9 percent growth in employment in November compared to the same period the previous year. These ...

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Floridians like to remain in the Sunshine State

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Floridians like to remain in the Sunshine State

Florida is retaining its residents at a remarkable rate, with 72.7% of those born in the state choosing to remain as of 2021, ranking it sixth in the nation for resident retention. This “stickiness” factor significantly impacts Florida’s economic growth, as a stable population and workforce are vital for a state’s prosperity.

The states with the highest resident retention rates are Texas (82%), North Carolina (75.5%), Georgia (74.2%), California (73%), and Utah (72.9%).

On the other end of the spectrum, Wyoming ...

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