Florida Business & Employment Growth Since 2009

  • 96,849 more businesses
  • 1,516,665 more employees
  • 21.1% increase in total wages
  • $9,090 increase in annual wages per employee
  • 22.2% increase in wages per employee

Since 2009, the number of businesses in Florida has grown by 16.3% (4.8% greater than the national average of 11.4%). Employment in Florida has grown by 21.1% (7.5% greater than the national average of 13.6%). Wages have grown by 22.2% since the end of the Great Recession. This wage growth is 3.5% less than the national average of 25.7%.
The average weekly wage in Florida of $963 is 14.3% below the national average of $1,101. The gap between the national average has widened from 11.2% a widening of 3.2% since the end of the recession.

Sector Growth

Business Sector Growth

The Professional services sector has the most businesses in the state of Florida. Since the end of the recession, the number of businesses has grown from 85,205 to 104,267, a gain of 22.4%. The table below illustrates the change in number of businesses in each sector.
Sector20182009Pct Chg
Professional services104,26785,20522.4%
Retail trade81,37176,6576.1%
Construction70,86568,2853.8%
Healthcare65,30252,59324.2%
Other services55,70049,52512.5%
Waste services52,77341,42727.4%
Accommodation and food services45,91838,51919.2%
Wholesale trade40,06042,236-5.2%
Real estate and rental39,04033,33917.1%
Finance and insurance34,31733,5822.2%
Manufacturing20,55017,63216.5%
Transport and warehousing17,14813,81324.1%
Information11,2139,86913.6%
Arts and entertainment10,7079,48612.9%
Educational services8,4506,14337.6%
Agriculture and forestry4,8924,8640.6%
Company management4,8903,55737.5%
Utilities97577226.3%
Mining and oil extraction40235313.9%

The sector that has had the strongest growth [in number of businesses] is the Professional services sector, which has increased by 22.4% since 2009. The sector that has has the largest decline is the Wholesale trade sector, which has declined by 5.2% since the recession.

Employment Sector Growth

The Retail trade sector has the most employees in the state of Florida. Since the end of the recession, the number of employees has grown from 924,294 to 1,128,536, a gain of 22.1%. The table below illustrates the change in number of employees in each sector.
Sector20182009Pct Chg
Retail trade1,128,536924,29422.1%
Healthcare1,125,214911,75223.4%
Accommodation and food services993,734726,82736.7%
Waste services686,006534,32128.4%
Professional services570,894432,61032.0%
Construction540,781393,59837.4%
Finance and insurance382,342324,65417.8%
Manufacturing371,527323,85714.7%
Wholesale trade345,772318,4168.6%
Other services279,074232,40520.1%
Transport and warehousing274,986200,51837.1%
Arts and entertainment232,511183,37026.8%
Real estate and rental188,042154,95621.4%
Educational services161,858116,34439.1%
Information139,012142,825-2.7%
Company management107,78479,97734.8%
Agriculture and forestry68,30788,609-22.9%
Utilities23,25723,632-1.6%
Mining and oil extraction4,1423,72011.3%

The sector that has had the strongest employment growth [in number of employees] is the Accommodation and food services sector, which has increased by 36.7% since 2009. The sector that has has the largest employment decline in number of employees is the Agriculture and forestry sector, which has declined by 22.9% since the recession.

Weekly Wage Growth By Sector

The Company management sector has the highest average weekly wage in the state of Florida. Since the end of the recession, the average wage has grown from $1,583 to $2,146, a gain of 35.6%. The table below illustrates the change in weekly wage in each sector.
Sector20182009Pct Chg
Company management$2,146$1,58335.6%
Utilities$1,954$1,46933.0%
Finance and insurance$1,676$1,21138.4%
Information$1,561$1,13537.5%
Professional services$1,504$1,20824.5%
Wholesale trade$1,478$1,12331.6%
Mining and oil extraction$1,383$1,05331.3%
Manufacturing$1,186$96323.2%
Transport and warehousing$1,038$81427.5%
Healthcare$1,001$84718.2%
Construction$986$79823.6%
Real estate and rental$986$73234.7%
Educational services$798$70912.6%
Arts and entertainment$753$61821.8%
Waste services$738$60122.8%
Other services$700$56523.9%
Agriculture and forestry$624$41450.7%
Retail trade$605$51218.2%
Accommodation and food services$438$35025.1%

The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Accommodation and food services sector, which has declined by 25.1% since the recession.


Industry Growth

Business Industry Growth

The Restaurants and other eating places industry has the greatest number of businesses in the state of Florida. This industry currently has 36,351 businesses in it. There is no direct comparison to the total at the end of recession and is not included in the table below.

Industry20182009Pct Chg
Management consulting services24,59516,66247.6%
Offices of physicians19,94518,9505.3%
Offices of lawyers17,88716,6147.7%
Unclassified16,9104343,796.3%
Offices of real estate agents and brokers15,50214,2179.0%
Computer systems design and related services14,98611,13334.6%

The top industry that has had the largest increase in the number of businesses is the Unclassified industry, which has increased by 3,796.3% since 2009. The top industry that has has the largest decline in the number of businesses is the Offices of physicians industry, which has declined by 5.3% since the recession.

Employment Industry Growth

The Restaurants and other eating places industry has the greatest number of employees in the state of Florida. This industry currently has 741,050 employees in it. There is no direct comparison back to the total at the end of the recession and is not included in the table below.

Industry20182009Pct Chg
General medical and surgical hospitals273,903232,27417.9%
Offices of physicians216,741172,49225.7%
Supermarkets and other grocery stores189,353161,03117.6%
Hotels and motels except casino hotels182,476144,02426.7%
Temporary help services156,43991,73870.5%

The top industry that has had the largest increase in the number of employees is the Temporary help services industry, which has increased by 70.5% since 2009. The top industry that has has the largest decline in the number of employees is the Supermarkets and other grocery stores industry, which has declined by 17.6% since the recession.

Weekly Wage Growth By Industry

The Securities and commodity exchanges industry has the highest average weekly wage in the state of Florida. Since the end of the recession, the average wage has grown from $1,492 to $13,064, a gain of 775.6%. The table below illustrates the change in weekly wage in each sector.
Industry20182009Pct Chg
Securities and commodity exchanges$13,064$1,492775.6%
Commodity contracts brokerage$4,700$1,598194.1%
Investment banking and securities dealing$4,435$2,58971.3%
Portfolio management$3,442$2,25252.8%
Securities brokerage$3,091$2,30234.3%
Coal and other mineral merchant wholesalers$3,046$1,74474.7%
Other financial vehicles$3,031$1,156162.2%

The top industry that has had the strongest wage growth is the Securities and commodity exchanges industry, which has increased by 775.6% since 2009. The top industry that has has the largest wage decline is the Securities brokerage industry, which has declined by 34.3% since the recession.


Company Size

Business Growth By Company Size

The biggest percentage change in the number of businesses has been in businesses with 20 to 49 employees. The number of businesses with this number of employees has grown from 33,933 to 44,440, which is an increase of 31.0%.

The smallest percentage change in the number of businesses has been in businesses with 5 to 9 employees. The number of businesses with this number of employees has grown from 85,234 to 96,369, which is an increase of 13.1%.

Table: Change in the number of Businesses by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees453,366390,20516.2%
5-9 Employees96,36985,23413.1%
10-19 Employees66,70653,79324.0%
20-49 Employees44,44033,93331.0%
50-99 Employees14,78911,62327.2%
100-249 Employees8,5846,92923.9%
250-499 Employees1,9201,49928.1%
500-999 Employees67954524.6%
More Than 1,000 Employees31424030.8%


Employment Growth by Company Size

The biggest percentage change in the number of employees has been in businesses with 1,000 or more employees. The number of employees in companies this size has grown from 520,172 to 694,964, which is an increase of 33.6%.

The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 555,287 to 629,454, which is an increase of 13.4%.

Table: Change in the number of Employees by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees639,182538,39118.7%
5-9 Employees629,454555,28713.4%
10-19 Employees887,459715,57824.0%
20-49 Employees1,326,8391,002,28732.4%
50-99 Employees1,001,385789,93426.8%
100-249 Employees1,277,1541,011,84826.2%
250-499 Employees653,917517,14626.4%
500-999 Employees462,145368,08225.6%
More Than 1,000 Employees694,964520,17233.6%


Weekly Wage Growth by Company Size

The biggest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $869 to $1,254, which is an increase of 44.3%.

The smallest percentage change in the average weekly wage has been in businesses with 1,000 or more employees. The average weekly wage in companies this size has grown from $895 to $1,133, which is an increase of 26.6%.

Table: Change Average Weekly Wage by Size Since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees$1,018$75035.7%
5-9 Employees$885$68329.6%
10-19 Employees$874$67928.7%
20-49 Employees$890$70326.6%
50-99 Employees$932$71929.6%
100-249 Employees$960$75127.8%
250-499 Employees$1,127$83035.8%
500-999 Employees$1,254$86944.3%
More Than 1,000 Employees$1,133$89526.6%



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.