Florida Manufacturing Employment Data January 2024 Overview

Florida Manufacturing Bureau of Workforce Statistics and Economic Research (WSER) January 2024 Labor Statistical Data March 11, 2024

Florida Manufacturing Employment January 2024, Seasonally Adjusted o In January 2024, Florida had 429,100 manufacturing jobs, an increase of 10,900 jobs over the year. o The over the year job gain incurred in January was the 33rd consecutive increase since April 2021. Before COVID19, manufacturing experienced over-the-year job growth (except in September 2017 due to Hurricane Irma) since 2011. However, prior to January 2011, manufacturing lost jobs over the year for more than four years. o In January 1990, the peak level of manufacturing employment was 521,300. In January 2010, this level hit a low of 309,100. Since 2010, manufacturing employment has seen a steady increase each year to 429,100 in January 2024. A net increase of 119,300 jobs. In January 1990, manufacturing was 9.7 percent of total nonagricultural employment. Between 1990 and 2010 the percentage declined to a low of 4.3%. Since 2010, Florida manufacturing employment has remained at a steady level each year and is at 4.3% as of January 2024. o Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released March 11, 2024. Prepared by: Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER). 1

Florida Manufacturing Employment February 1990 to January 2024, Seasonally Adjusted 550,000 500,000 450,000 Jobs 400,000 350,000 300,000 250,000 Jan-90 Jan-91 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Date Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released March 11, 2024. Prepared by: Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER). 2

Total Nonagricultural Employment Share by Industry January 2024, Seasonally Adjusted 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% Trade, Transportation, and Utilities 20.2% Professional and Business Services 16.5% Education and Health Services 15.3% Leisure and Hospitality 13.3% Total Government 11.5% Financial Activities 7.0% Construction 6.5% Manufacturing 4.3% Other Services 3.8% Information 1.6% Note: Employment share percentages may not add to 100 due to rounding. Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released March 11, 2024. Prepared by: Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER). 3

Florida Employment by Industry January 2024, Seasonally Adjusted Industry Total, All Industries Trade, Transportation, and Utilities Professional and Business Services Education and Health Services Leisure and Hospitality Total Government Financial Activities Construction Manufacturing Other Services Information Florida 9,904,600 2,002,000 1,629,600 1,512,600 1,320,400 1,138,200 688,400 645,300 429,100 374,000 159,000 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released March 11, 2024. Prepared by: Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER). 4

2022 Florida Manufacturing Employment by County o Employment in the manufacturing industry is concentrated in the southeast, central, and northeast parts of Florida. o Miami-Dade County ranks the highest in manufacturing employment contributing approximately 42,200 jobs. Orange County ranks second followed by Pinellas County contributing roughly 36,000 and 34,500, respectively. Brevard, Hillsborough, Broward contributed over 29,000 jobs each. Miami-Dade County alone makes up 10.4 percent of total manufacturing employment in Florida. Source: Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER), Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released March 11, 2024. 5

Florida Wages by Industry Annual 2022 Industry Total, All Industries Information Financial Activities Professional Business and Services Manufacturing Government Construction Education and Health Services Trade, Transportation, and Utilities Other Services Natural Resources and Mining Leisure and Hospitality Florida $63,670 $109,118 $97,914 $79,386 $74,588 $64,666 $63,021 $62,058 $56,618 $47,178 $43,503 $33,789 Source: Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER), Quarterly Census of Employment and Wages Program. 6

Florida Manufacturing Establishments and Unemployment Rates Manufacturing had 25,801 establishments in the third quarter of 2023 (most recent data available).1 The 2023 annual average unemployment rate in manufacturing was 2.8 percent, compared to 3.6 percent for all industries (most recent data available).2 Note: The unemployment rate applies to experienced civilian labor force only. This excludes persons with no previous work experience. Sources: 1 Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER), Quarterly Census of Employment and Wages Program. 2 U.S. Department of Labor, Bureau of Labor Statistics, Current Population Survey (CPS). 7

Occupations in Manufacturing Florida 2022 Occupations with the most employment in the manufacturing industry were: First-Line Supervisors of Production and Operating Worker Sales Representatives Wholesale and Manufacturing, Except Technical and Scientific Products Inspectors, Testers, Sorters, Samplers, and Weighers General and Operations Managers Packaging and Filling Machine Operators and Tenders Together, these five occupations accounted for 13.1 percent of employment in manufacturing. Four of the fifteen largest manufacturing occupations require a degree beyond a high school diploma or equivalent. Higher wages were found in occupations with greater training requirements. The top 4 median wage occupations in manufacturing require a bachelor s degree or higher education. Physical Scientists, All Other($106.48/hr), Medical and Health Services Managers ($90.55/hr.), Chief Executives($88.46/hr.), and Lawyers ($81.29/hr.) Source: Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER). Bureau of Labor Statistics, Occupational Employment and Wages Statistics (OEWS) 8

Top Projected Manufacturing Occupations Florida 2023 to 2031 2022 Median Hourly Wage Employment 2023-2031 Change % of Industry Training Requirement Occupation Title Total, All Manufacturing Occupations 2023 416,595 2031 440,865 Total 24,270 Percent 5.8% Total $21.83 First-Line Supervisors of Production and Operating Workers Electrical, Electronic, and Electromechanical Assemblers, Ex Sales Representatives, Wholesale and Manufacturing, Except T12,263 Packaging and Filling Machine Operators and Tenders Inspectors, Testers, Sorters, Samplers, and Weighers General and Operations Managers Laborers and Freight, Stock, and Material Movers, Hand Welders, Cutters, Solderers, and Brazers Heavy and Tractor-Trailer Truck Drivers Industrial Engineers Office Clerks, General Machinists Shipping, Receiving, and Inventory Clerks Maintenance and Repair Workers, General Industrial Machinery Mechanics Industrial Truck and Tractor Operators 15,337 12,576 16,573 13,766 13,213 11,140 10,307 10,162 9,747 9,428 9,001 8,510 8,385 7,190 6,728 6,577 6,529 5,673 1,236 1,190 950 928 -494 770 798 621 951 1,392 -86 644 -11 495 1,310 550 8.1% 9.5% 7.7% 9.1% -4.6% 8.2% 8.9% 7.1% 11.8% 19.6% -1.0% 9.8% -0.2% 8.1% 25.1% 10.7% 3.8% 3.1% 3.0% 2.5% 2.3% 2.3% 2.2% 2.1% 2.0% 1.9% 1.9% 1.6% 1.5% 1.5% 1.5% 1.3% $30.35 $17.43 $29.38 $16.10 $21.10 $50.97 $17.23 $21.19 $21.23 $46.05 $19.03 $22.31 $18.00 $22.91 $27.80 $17.80 HS Diploma or Equivalent HS Diploma or Equivalent HS Diploma or Equivalent HS Diploma or Equivalent HS Diploma or Equivalent Bachelor's Degree No Formal Education Required HS Diploma or Equivalent Postsecondary Nondegree Award Bachelor's Degree HS Diploma or Equivalent HS Diploma or Equivalent HS Diploma or Equivalent HS Diploma or Equivalent HS Diploma or Equivalent No Formal Education Required 10,212 10,801 9,392 8,949 8,807 8,050 7,118 8,471 6,546 6,739 6,082 5,219 5,123 Table reflects only occupations with publishable data according to U.S. Bureau of Labor Statistics confidentiality rules. Source: Florida Department of Commerce, Bureau of Workforce Statistics and Economic Research (WSER) Bureau of Labor Statistics, Employment Projections (EP), Occupational Employment and Wages Statistics (OEWS) 9