Florida’s unemployment rate hits 8-year low

Gov. Rick Scott has announced that Florida’s unemployment rate dropped to 4.9 percent in February, down from 10.7 percent in December 2010. This milestone marks the state’s lowest unemployment rate in eight years. Florida’s annual private-sector job growth rate of 3.4 percent has consistently exceeded the nation’s for 47-consecutive months. Over the year in February, Florida businesses created 235,200 new private-sector jobs. Since December 2010, 1,056,000 private-sector jobs have been created in Florida.

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