The U.S. Bureau of Labor Statistics reported that Florida had a net gain of 214,372 private sector jobs in the last three months of 2017. It was the largest net job gain in any state, according to federal data.
It also contrasts with the federal agency's latest quarterly report on "business employment dynamics," which showed that Florida leads the nation in net private sector job losses in the third quarter of 2017, with a decline of about 134,000 jobs.
Economists and state officials attributed Florida's job losses during the third quarter to the impact of Hurricane Irma, which hit the state in September. They predicted that Florida's job growth would likely rebound, which was verified in the new report.
The survey measures net job creation over a three-month period by comparing companies that expand or open up against companies that close or shut down.
The new report underscored the nature of Florida's post-hurricane recovery, with the 214,372 net jobs created being the state's highest quarterly total based on federal agency data dating back to 1992.
The state's 601,026 new jobs in the fourth quarter of 2017 were also high, according to federal labor statistics. The quarterly job creation was offset by the loss of 386,654 jobs during that period, the data showed.
Florida's job growth at the end of last year was in line with the nation. The Bureau of Labor Statistics reported a net gain of nearly 1 million private sector jobs nationwide in the fourth quarter of 2017.
The new report showed 49 states gaining private sector jobs in the last quarter of 2017. The third quarter report showed that Florida and 26 other states lost jobs.
Florida, the country's third-largest state, also compared well with its big-state rivals in the new survey.
Only California, with the creation of more than 1 million jobs in the private sector, surpassed Florida. But the nation's largest state lagged behind Florida in net job gains for the quarter, with 134,282, according to federal data.
Texas created more than 641,000 jobs in the fourth quarter of 2017, with a net gain of 103,721 jobs. New York had a net gain of more than 26,000 jobs, based on a total of 483,363 new jobs.
Alaska was the only state with a net job loss in the fourth quarter of 2017, losing just over 2,000 private sector jobs, according to federal data.
Almost 66 million of visitors to the city of Orlando in 2017 are from the United States, and the rest (6 million) were international travelers.
In 2017, Orlando International Airport became the busiest airport of the country, and it's easy to understand why.
The city's financial figures, job creation rates and economic stability already indicated this growth, and after the official release of the figures, areas that live especially off tourism have a lot to celebrate, because this growth doesn't stop there.
The trend is that 2018 has an even higher numberThis is due to the new investments and attractions that are being created in the city, as well as the constant expansion in infrastructure involving: airports, a train link between Miami and Orlando, Universal's new acquisition of lots that will allow the park to grow with resorts, restaurants and new attractions for its visitors, and much more.
Theme parks are constantly expanding
Last year, Disney World opened a new section of the animal kingdom, Pandora the World of Avatar, and Universal Orlando Resort opened a new water park, Volcano Bay.
This year, Universal debuted a new attraction based on the "Fast and Furious" movie franchise, and Disney World is opening another attraction based on the "Toy Story" movie.
Next year will also see the opening of "Star Wars" at Disney World and "Sesame Street" at SeaWorld.
Tourism has boosted the economy and improved the quality of life in Central Floridasaid Orange County Mayor Teresa Jacobs with executives from the hospitality sector, leaders of theme parks, and major authorities linked to tourism in the city.
The revenue generated by taxes from tourism visitors, raised $ 255 Million in fiscal year 2017 with growth of 6% for Orange County, and continues to grow strongly.
An estimated 112 restaurants, resorts and attractions have arrived in Orlando in the last five years, according to Visit Orlando, which is responsible for marketing tourism in the region.
The unemployment rate fell to 3.2% in March, the lowest in more than 10 years, according to figures recorded last month.
Investment in vacation homes to rent out to the city's tourists
In the face of such growth, financial stability and major investments planned for the next five years, investing in Orlando vacation rental propertiesThe dollarized currency has become an increasingly popular option for foreigners from all over the world, who want to dollarize their assets and make money with the strongest and most stable currency on the planet.
More and more Brazilians are investing in real estate in Orlando. We are at the top of the ranking of investments made by foreigners in the city (13%), ahead of countries like Canada (12%) and England (10%). Source: National Association of Realtors.
If you're thinking of investing in vacation homes, now is the time. Real estate is currently appreciating at almost 9% a year, and can generate returns of over 10% a year.
Did you like the article? Keep an eye on our blog! Looking to invest in real estate in Florida? See the list of houses for sale in Florida we've selected for you!
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