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July 19, 2019Florida is One of the Top States in Job Growth
Finding a job is typically one of the most important, if not the determining factor for where a person decides to live. Unemployment is at an all-time low across the nation, however, there are a few states that are making a statement through job growth. Florida is right there in the mix, with one of the top job growth rates in the United States.
States with the Strongest Job Growth
According to the National Association of Realtors, Florida, South Carolina, West Virginia, South Dakota, Texas, Arizona, Utah, Nevada, Idaho, and Washington experienced incredible job growth in one year. From April 2018 to April 2019 these states came in on top with the strongest job growth in the United States.
Jobs in High Demand in Florida
Every so often the Department of Labor and Bureau of Labor Statistics work together to determine which jobs are in highest demand. They also predict which jobs will continue to be in demand throughout the coming years. During their last study, they compiled a list of the 100 most in-demand jobs in Florida. We have listed the top twenty below. You can see the full list of 100 here.
- Statistician
- Road Buster
- Nurse Practitioner
- Miner
- Pipe Insulator
- Physician Assistant
- Cement Mason
- Physical Therapist Assistant
- Occupation Therapist Assistant
- Mechanical Installer
- Diagnostic Medical Sonographer
- Roofer Web Developer
- Helper
- Parking Lot Attendant
- Interpreter and Translator
- Animal Care Technician
- Physical Therapy Aide
- Biomedical Engineer
- Music Therapist
What Does Job Growth Mean for the Housing Market
Naturally, job growth within a community has positive effects. But what does job growth mean for the housing market in particular?
- The number of people able to purchase a home increases. This is because with job growth the unemployment rate goes down. When people are working and able to buy a home they tend to do so. Typically people do not want to rent and look forward to being able to buy.
- Investment property sales increase. When people have more money, they look for investment options. Purchasing a home and renting it is a great investment.
- Home values increase. When more people are working, more money is being made. When the economy is good, more businesses are also built. This causes homebuying to increase, and as the demand for homes increase, so does the prices.
1 Comment
And it will keep getting better