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Broward County adds 10,600 jobs year over year
 
Published Thursday, September 27, 2018

(Fort Lauderdale, FL – Broward County’s job report indicated a 3.5 percent unemployment rate in August 2018. This rate was 0.5 percentage point lower than the region’s year-ago rate of 4.0 percent.  Nonagricultural employment increased by 10,600 jobs (+1.3 percent) over the year, with an employment of 845,700 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 (3.8 percent). The labor force was 1,033,196, up 4,385 (+0.4) over the year. There were 36,522 unemployed Broward County residents.

“Broward’s economy continues to be strong,” said Greater Fort Lauderdale Alliance President and CEO Bob Swindell. “We’re pleased with the year over year breadth of job growth across industries as we continue to be among the leaders in the state in job creation.  We thank our many partners for their help in continuing to strengthen and diversify Broward County’s economy.”

Data and Analysis

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 government (+8.8 percent) in July 2018. The Ft. Lauderdale-Pompano Bch-Deerfield Bch Metro Division had the third highest annual job growth compared to all the metro areas in the state in mining, logging, and construction (+800) jobs in August 2018.

The construction (+8.4 percent) and government (+0.8 percent) industries grew faster in the metro area than statewide over the year. The industries gaining in jobs over the year were: construction (+3,900 jobs); education and health services (+2,000 jobs); trade, transportation, and utilities (+1,300 jobs); other services (+1,000 jobs); manufacturing (+900 jobs); professional and business services (+800 jobs); government (+800 jobs); and financial activities (+600 jobs). The leisure and hospitality (-700 jobs) lost jobs over the year. The information industry lost jobs over the year.

  August 2017 to August 2018
Industry Job Change (% Change)
Construction +3,900   (+8.4%)
Education and Health Services +2,000   (+1.8%)
Trade, Transportation and Utilities +1,300   (+0.7%)
Other Services +1,000   (+2.6%)
Manufacturing +900   (+3.3%)
Professional and Business Services +800   (+0.5%)
Government +800   (+0.8%)
Financial Activities +600   (+1.0%)
Leisure and Hospitality -700   (-0.7%)

Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics

 

The major sector that gained jobs from July 2018 to August 2018 was government (+5,700 jobs); leisure and hospitality (+2,500 jobs); trade, transportation and utilities (+1,700 jobs); manufacturing (+100); and information (+100). The sectors that lost jobs were financial activities (-700 jobs); professional and business services (-700 jobs); and other services (-1,400 jobs). The construction and education and health services industry remained unchanged. 

  July 2018 to August 2018
Industry Job Change (% Change)
Government +5,200   (+5.8%)
Leisure and Hospitality +2,500   (+2.7%)
Trade, Transpiration and Utilities +1,700   (+0.9%)
Manufacturing +100   (+0.4%)
Information +100   (+0.5%)
Financial Activities -700   (-1.2%)
Professional and Business Services -700   (-0.5%)
Other Services -1,400   (-3.4%)

Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics


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