Florida’s Unemployment Rate Drops to Historic Low of 2.7 Percent

A "We're Hiring" sign is seen in a store window on Sep. 4, 2020, in Miami, Florida. Joe Raedle/Getty Images

PUNTA GORDA, Fla.—Florida’s July unemployment rate dropped to a historic 2.7 percent while the “state’s job creation skyrocketed,” Gov. Ron DeSantis’s office announced on Aug. 19.

The office reported that “this level has only been reached three times” since 1976 when the state began recording unemployment data.