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Major Industries experienced positive over the year growth in Broward County
 
Published Tuesday, September 19, 2017

(Fort Lauderdale, FL) - Broward County’s job report indicated a 3.9 percent unemployment rate in August 2017.  This rate was 0.9 percentage point lower than the region’s year ago rate of 4.8 percent.  Nonagricultural employment increased by 26,900 jobs (+3.3 percent) over the year, with an employment of 845,000 in the Ft. Lauderdale-Pompano Beach-Deerfield Beach MSA (Broward County).  The region’s jobless rate was 0.3 percentage point lower than the state rate (4.2 percent).  Out of a labor force of 1,036,747 there were 40,799 unemployed Broward County residents.

“Florida’s over the year job growth rate has been positive for the past 85 months,” said Greater Fort Lauderdale Alliance President and CEO Bob Swindell. “In addition, 10 out of 10 major industries experienced positive over-the-year job growth in Florida for the second consecutive month. In August 2017, 23 out of the 24 metro areas in the state had over-the-year job gains. “

Data and Analysis

The Ft. Lauderdale‐Pompano Bch‐Deerfield Bch Metro Division had the highest annual job growth compared to all metro areas in the state in education and health services (+5,900 jobs) in August 2017. The Ft. Lauderdale-Pompano Beach-Deerfield metro area had the second fastest annual job growth rate compared to all the metro areas in the state in education and health services (+5.6 percent) in August 2017. Construction (+10.6 percent); education and health services (+5.6 percent) and leisure and hospitality (+4.1 percent) industries grew faster in the metro area than statewide over the year. The major industry sectors that added jobs over the year in the metro were: education and health services (+5,900 jobs); construction (+4,700 jobs); professional and business services (+3,900 jobs); leisure and hospitality (+3,800 jobs); trade, transportation, and utilities (+2,800 jobs); manufacturing (+800 jobs); and financial activities (+300 jobs) The information industry was unchanged over the year.

 

August 2016 to August 2017

Industry

Job Change (% Change)

Education and Health Services

+5,900

  (+5.6%)

Construction

+4,700

(+10.6%)

Professional and Business Services

+3,900

  (+2.7%)

Leisure and Hospitality

+3,800

  (+4.1%)

Trade, Transportation and Utilities

+2,800

  (+1.5%)

Manufacturing

+800

  (+2.9%)

Financial Activities

+300

  (+0.5%)

Information

+0

  (+0.0%)

  Source: U.S. Department of Labor, Bureau of Labor StatisticsThe major sectors that gained jobs from July 2017 to August 2017 were education and health services (+5,900 jobs); financial activities (+1,300 jobs); professional and business services (+1,200 jobs); leisure and hospitality (+700 jobs); construction (+600 jobs) and manufacturing (+300 jobs).  The information industry remained unchanged. The trade, transportation and utilities (-100 jobs) industry lost jobs over the month.

 

July 2017 to August 2017

Industry

Job Change (% Change)

Education and Health Services

+5,900

  (-5.6%)

Financial Activities

+1,300

(+2.2%)


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