Metro JAX added 17,900 new jobs from August 2017 to July 2018, led by the education/health services and transportation/utilities sectors. Statewide, Florida, has an annual job growth rate of 3.6%, double that of the nation’s 1.8%, according to Governor Rick Scott’s office and the city of Jacksonvile.
JinkoSolar Holding Co. Ltd. is hiring and filing the paperwork needed to launch its Jacksonville solar-panel manufacturing plant, according to city and state records and a company executive. See the article here from Karen Brune Mathis of The JAX Daily Record.
A unidentified data innovation organization will add 100 jobs in downtown Jacksonville. See the article here in the ORLANDO – Business Journal.
The Florida Department of Economic Opportuniuty said the region grew 2.7% over the past 12 months, outpacing the state at 1.9%. Construction jobs surged ahead with 3,800 new jobs (+9.2%) followed by Financial Activities (+4.1%), Retail (+3.8%) and Leisure and Hospitality (+3.6%). Most importantly, none of the MSA’s five counties lost jobs, and their unemployment rates all dropped. See the article here from Mark Basch at The JAX Daily Record.
Metro JAX job growth was at a 2.6% annual rate, according to the Florida Department of Economic Opportunity and an article by Mark Basch in the JAX Daily Record.
As freshly constructed units are entering the local market, Vacancies are anticipated to lessen. Thanks to appealing rents 70s and 80s vintage product prevail with renters. Regional private investors are the main active buyers in Jacksonville, targeting higher yields. We thus have the strategic opportunity to procure multifamily properties in Jacksonville, which is often neglected among larger metropolitan cities. Get the full articles from Creative Realty Partners here
Jacksonville’s unemployment rate fell in February, the Florida Department of Economic Opportunity said Friday in an update that showed a better labor market than the agency had just reported the previous week.
The unemployment rate in the Jacksonville metropolitan area –– comprising Duval, Baker, Clay, Nassau and St. Johns counties –– fell from 5.2 percent in January to 4.5 percent in February, the state agency said. Read the full article here
Metro JAX’ 5-county employment has added some 24,900 jobs in the 12 months’ ended in August 2016. That’s a 3.8% growth ranks 3rd amongst its peers in the Southeast, just behind Savannah at 4.0% and still well behind Orlando at 4.4%, but well ahead of Tampa, Atlanta, Charlotte, Charleston, and Miami – and substantially better than the nation at about 2.0%. According to the U.S. Bureau of Labor Statistics, every employment category had gains in JAX except one (Information, which lost 400 jobs or down 4.3%); increases were widely dispersed, with the biggest gains being in Construction (+12.1%), Leisure/Hospitality (+5.9%) and Education and Health Services (+5.2%).
Citibank announced hiring of 800 new jobs in JAX; that’s after 500 announced last summer that they have already filled at their offices in South JAX. Roger Bull has the announcement here for The Florida Times-Union.
The US. Bureau of Labor Statistics had April 2016 total non-farm employment in the JAX area at 668,200, that’s 22,800 more than April 2015, or a 3.5% increase, that’s DOUBLE the rate of increase for the nation, as shown below. The areas of the strongest growth – Leisure and Hospitality (+7.9%), Construction (+6.6%), and Education and Health Services (+5.1%). The only area showing a loss was Information (-1.1%).