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Florida economy tops $1 trillion

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Staff Writer | Saturday July 14, 2018 8:22AM ET
America   Florida is continuing to grow and create jobs

Florida’s economy topped $1 trillion, meaning that Florida is the 17th-largest economy in the world.

"Becoming a $1 trillion economy means Florida is continuing to grow and create jobs, keeping unemployment lower than the national average and creating economic opportunity," said Jerry Parrish, chief economist for the Florida Chamber Foundation.

Florida is currently adding about $2.74 billion to the state’s gross domestic product each day.

Economic reports for the state over the past year have been positive.

The state’s unemployment rate has remained 3.9 percent or lower, dropping to 3.8 percent in May.

The state has added 180,200 jobs over the year as of May, according to the Florida Department of Economic Opportunity.


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