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Broward County created 22,100 jobs (+2.6 percent) over the year
 
Published Friday, December 29, 2017

(Fort Lauderdale, FL – December 27, 2017) - Broward County’s job report indicated a 3.6 percent unemployment rate in November 2017.  This rate was 1.0 percentage point lower than the region’s year ago rate of 4.6 percent.  Nonagricultural employment increased by 22,100 jobs (+2.6 percent) over the year, with an employment of 858,600 in the Ft. Lauderdale-Pompano Beach-Deerfield Beach MSA (Broward County).  The region’s jobless rate was 0.2 percentage point lower than the state rate (3.8 percent).  Out of a labor force of 1,031,922, up 19,737 (+1.9) over the year, there were 36,804 unemployed Broward County residents.

“As of November 2017, Florida’s unemployment rate has declined or held steady over the year for 89 consecutive months,” said Greater Fort Lauderdale Alliance President and CEO Bob Swindell. “In addition, all 10 major industries experienced positive over-the-year job growth in November 2017. “

Data and Analysis

The Ft. Lauderdale‐Pompano Beach‐Deerfield Beach Metro Division had the fastest annual job growth compared to all metro areas in the state in education and health services (+6.9 percent) in November 2017. The Ft. Lauderdale-Pompano Beach-Deerfield Beach metro area has the second fastest annual job growth rate compared to all the metro areas in the state in other services (+6.8 percent) in November 2017. The Ft. Lauderdale‐Pompano Bch‐Deerfield Bch Metro Division had the highest annual job growth rate compared to all the metro areas in the state in education and health services (+7,400 jobs) in November 2017. The Ft. Lauderdale‐Pompano Bch‐Deerfield Bch Metro Division was tied for the second highest annual job growth compared to all the metro areas in the state in other services. The Ft. Lauderdale‐Pompano Bch‐Deerfield Bch Metro Division had the second highest annual job growth compared to all the metro areas in the state in information (+300 jobs) in November 2017.

The major industry sectors that added jobs over the year in the metro were: education and health services (+7,400 jobs); construction (+4,200 jobs); professional and business services (+2,400 jobs); financial activities (+1,900 jobs); manufacturing (+1,000 jobs); leisure and hospitality (+400 jobs); and information (+300 jobs) industries. The trade, transportation and utilities industry lost jobs over the year.

 

November 2016 to November 2017

Industry

Job Change (% Change)

Education and Health Services

+7,400

  (+6.9%)

Construction

+4,200

  (+9.4%)

Professional and Business Services

+2,400

  (+1.6%)

Financial Activities

+1,900

  (+3.3%)

Manufacturing

+1,000

  (+3.6%)

Leisure and Hospitality

+400

  (+0.4%)

Information

+300

  (+1.6%)

Trade, Transportation and Utilities

-100

  (-0.1%)

 Source: U.S. Department of Labor, Bureau of Labor Statistics

 

The major sectors that gained jobs from October 2017 to November 2017 were trade, transportation, and utilities (+3,100 jobs); financial activities (+1,300 jobs); professional and business services (+1,100 jobs); leisure and hospitality (+800 jobs); information (+300 jobs); and manufacturing (+100 jobs). The construction and education and health services industry lost jobs over the year.

 

October 2017 to November 2017

Industry


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