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 Broward County adds 17,300 jobs year over year
 
Published Friday, December 28, 2018

Broward County’s job report indicated a 2.8 percent unemployment rate in November 2018. This rate was 0.8 percentage point lower than the region's year ago rate of 3.6 percent. Nonagricultural employment increased by 17,300 jobs (+2.0 percent) over the year, with an employment of 864,800 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 (3.0 percent). The labor force was 1,041,177, up 12,795 (+1.2) over the year. There were 29,613 unemployed residents in the region.

“We’re very pleased to continue to see strong year over year overall job growth and one of the lowest unemployment rates among all counties in the state,” said Greater Fort Lauderdale Alliance President and CEO Bob Swindell. “We’re also very pleased to see that the job growth is across numerous occupational sectors, which is a good validation of our success in diversifying Broward’s economy working with our partners.”

Data and Analysis

The Ft. Lauderdale-Pompano Bch-Deerfield Bch Metro Division had the fastest annual job growth rate compared to all the metro areas in the state in other services (+7.2 percent) in November 2018. The Ft. Lauderdale-Pompano Bch-Deerfield Bch Metro Division had the highest annual job growth compared to all the metro areas in the state in trade, transportation, and utilities (+3,700 jobs) and other services (+2,800 jobs) in November 2018.

The industries gaining in jobs over the year were: trade, transportation, and utilities (+3,700 jobs); professional and business services (+3,700 jobs); construction (+3,300 jobs); other services (+2,800 jobs); education and health services (+2,100 jobs); leisure and hospitality (+1,500 jobs); manufacturing (+800 jobs); and information (+500 jobs). The financial activities (-600 jobs) and government (-500 jobs) industries lost jobs over the year. 

 

November 2017 to November 2018

Industry

Job Change                      (% Change)

Trade, Transportation, and Utilities

3,700

1.9%

Professional and Business Services

3,700

2.4%

Construction

3,300

6.9%

Other Services

2,800

7.2%

Education and Health Services

2,100

1.9%

Leisure and Hospitality

1,500

1.6%

Manufacturing

800

2.9%

Information

500

2.5%

Government

-500

-0.5%

Financial Activities

-600

-1.0%

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

The major sectors that gained jobs from October 2018 to November 2018 were trade, transportation and utilities (+4,300 jobs); leisure and hopsitality (+2,200 jobs); professional and business services (+1,300 jobs); information (400 jobs); government (200 jobs); other services (100 jobs); and manufacturing (100 jobs). The major sectors that lost jobs from October 2018 to November 2018 were education and health services (-200 jobs); construction(-300 jobs); and financial activities (-700 jobs).

 

October 2018 to November 2018

Industry

Job Change (% Change)


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