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Northrop Grumman Expansion will Create 1,000 Jobs

MELBOURNE, Fla.  Today, Governor Rick Scott participated in a dedication ceremony for Northrop Grumman's Center of Excellence, which will create 1,000 jobs. Governor Scott announced in March 2013 that Northrop Grumman was designating five centers of excellence around the country, with two of them being housed in Florida. The Melbourne location will serve as the Manned Aircraft Design Center of Excellence.

Governor Scott said, "With Florida's incredible workforce, low tax environment and support of manufacturing, we were able to secure a huge victory for Florida families with Northrop Grumman's centers of excellence. The establishment of the Melbourne facility will create 1,000 new jobs which is a huge victory for area families. While this is an incredible victory, we aren't slowing down. This session we're fighting to create even more jobs and opportunities by cutting $500 million in taxes and fees for Florida families and job creators."

"The designation of Northrop Grumman's Melbourne site as its Center of Excellence for the design of manned aircraft is a tremendous opportunity for the state," said Secretary of Commerce and president & CEO of Enterprise Florida, Gray Swoope. "Florida is home to one of the nation's largest defense and homeland security industries and this Center will make that presence even stronger. We are thrilled to have this facility and these new positions, and look forward to the resulting innovation and collaboration."

Northrop Grumman's centers of excellence will serve to improve its strategic alignment with its customers' need for increasingly innovative and affordable products, services and solutions. The company employs more than 1,200 people in Melbourne, and estimates growing by an additional 1,000 employees over the next four years as a result of the designation of the site as a center of excellence.

The company recently broke ground on a new 200,000 square foot building at its current campus adjacent to the Melbourne International Airport. The new building will accommodate program management and engineering teams, as well as integration laboratories. The new building is scheduled to be complete in the summer of 2014.

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Florida Unemployment Rate Drops to 7.0 Percent in August

TALLAHASSEE  Governor Rick Scott today announced that the statewide unemployment rate for August 2013 dropped to 7.0 percent. This is down from 7.1 percent in May, June, and July 2013, and down 4.1 percentage points since December 2010. The statewide unemployment rate has remained below the national average of 7.3 percent for the sixth consecutive month. Florida has created 365,500 private sector jobs since December 2010.

Governor Scott said, "Today's announcement is great news for Florida families as the state's unemployment rate dropped to 7.0 percent in August. Since December 2010, the unemployment rate has dropped 4.1 percentage points and Florida has created 365,500 new private sector jobs. This is evidence that our pro-growth and business friendly policies are working."

Since December 2010, Florida's statewide unemployment rate has dropped 4.1 percentage points, from a rate of 11.1 percent to August's rate of 7.0 percent. In the same timeframe, the national unemployment rate has dropped 2.0 percentage points, demonstrating Florida's improving economic climate continues to outpace the national recovery. Florida's unemployment rate has now declined year-over-year for 34 consecutive months.

More Jobs Being Created

  • Florida experienced positive annual job growth for 37 consecutive months.
  • Florida's job growth month-to-month has been positive for 23 of the last 26 months.
  • Florida has created 365,500 new private sector jobs since December 2010.
  • Florida is expected to create almost 1.1 million new jobs by 2018, according to the Florida Economic Estimating Conference.
  • Florida job postings compiled by the Help Wanted OnLine data series from The Conference Board showed 266,467 openings in August 2013 (seasonally adjusted). Florida had the largest over-the-month gain of all states, up 11,644 openings. Florida had the fourth highest number of openings in the nation compared to all states.

Home Sales Robust

  • Home sales remain robust as the backlog of existing homes on the market is down by 23 percent from August 2012 (Florida Realtors).
  • Florida median home prices were up 18.6 percent over the year in August 2013.

Economic Growth Trends Up Across State

  • A recent U.S. Census Survey reported that Florida experienced an influx of people moving into the state. Florida also led the nation in migrations from Puerto Rico.
  • Florida is running a trade surplus of over $24 billion – with $86.8 billion in exports and $62.4 billion in imports in 2011, up from $73.1 billion in exports in 2010 and $53.2 billion in imports in 2010.

Workforce Boards Assisting in Employment

  • In August, Florida's 24 Regional Workforce Boards reported more than 41,000 Floridians were placed in jobs. This represents an increase of nearly 12,000 placements over the year from August 2012. An individual who receives employment and training assistance through a One-Stop Career Center and finds a job within 180 days is deemed a placement and may be reported by a regional workforce board. Of these individuals, 11,967 previously received Reemployment Assistance.
  • In 2012, more than 426,000 Floridians were placed in jobs, with 111,173 former claimants finding employment.

To view the August 2013 monthly employment data visit:  www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

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