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Broward County adds 18,300 jobs year over year
 
Published Monday, August 19, 2019

(Fort Lauderdale, FL) – Broward County’s job report indicated a 3.3 percent unemployment rate in July 2019. This rate was 0.3 percentage points lower than the region’s year ago rate of 3.6 percent. Nonagricultural employment increased by 18,300 jobs (+2.2 percent) over the year, with an employment of 860,500 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 (3.5 percent). There were 34,548 unemployed residents in the region.

“Broward County continues to see strong overall job growth, and is a leader in the state in annual job growth rates in several industry sectors,” said Greater Fort Lauderdale Alliance President and CEO Bob Swindell. “The continued growth in these sectors is a testament to our success in diversifying Broward’s economy working with our partners.”

Data and Analysis

The Ft. Lauderdale-Pompano Bch-Deerfield Bch Metro Division had faster annual job growth rate than the statewide rate in other services (+9.1 percent) and professional and business services (+ 5.1 percent) in July 2019. The Ft. Lauderdale-Pompano Bch-Deerfield Bch Metro Division had the highest annual job growth compared to all metro areas in the state in other services (+3,500 jobs). 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 professional and business services (+7,700 jobs) in July 2019. The financial activities industry in the Ft. Lauderdale-Pompano Bch-Deerfield Bch Metro Division gained 1,400 jobs, the third highest annual job growth of all the metro areas statewide.

The industries gaining in jobs over the year were: professional and business services (+7,700 jobs); education and health services (+4,800 jobs); other services (+3,500 jobs); financial activities (+1,400 jobs); leisure and hospitality (+1,400 jobs); construction (+700 jobs); and manufacturing (+600 jobs). The industries that lost jobs over the year were trade, transportation, and utilities (-1,400 jobs) and government (-400 jobs).

  

July 2018 to July 2019

Industry

Job Change (% Change)

Professional and Business Services

7,700

(+5.1%)

Education and Health Services

4,800

(+4.4%)

Other Services

3,500

(+9.1%)

Leisure and Hospitality

1,400

(+1.5%)

Financial Activities

1,400

(+2.3%)

Construction

700

(+1.4%)

Manufacturing

600

(+2.1%)

Information

0

(+0.0%)

Government

-400

(-0.4%)

Trade, Transportation, and Utilities

-1,400

(-0.7%)

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


The major sectors that gained or retained jobs from June 2019 to July 2019 were Other Services (+ 1,000 jobs); Leisure and Hospitality (+1,000 jobs); Financial Activities (+600 jobs); Information (+100 jobs); and Manufacturing (+100 jobs). The major sectors that lost jobs were Professional and Business Services (-1,700 jobs); Trade, Transportation, and Utilities (-1,400 jobs); Government (-800 jobs) and Education and Health Services (- 200 jobs). Construction industry was unchanged from June 2019 to July 2019. 

  

June 2019 to July 2019

Industry

Job Change (% Change)

Other Services

1,000

(+2.4%)

Leisure and Hospitality

1,000

(+1.0%)

Financial Activities

600

(+1.0%)

Information

100

(+0.5%)

Manufacturing

100

(+0.4%)

Construction

0

(+0.0 %)

Education and Health Services

-200

(-0.2%)

Government

-800

(-0.8%)

Trade, Transportation, and Utilities

-1,400

(-0.7%)

Professional and Business Services

-1,700

(-1.1%)

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

Florida’s seasonally adjusted unemployment rate for July 2019 was 3.3 percent, which is 344,000 jobless Floridians out of a labor force of 10,354,000. This is the first time in Florida history, the seasonally adjusted employment level crossed the 9 million threshold. Florida’s seasonally adjusted total nonagricultural employment was 9,012,000 in July 2019, a gain of 227,200 jobs over the year (+2.6 percent).

Florida’s over-the-year job growth rate has been positive every month since August 2010, except for September 2017, when Florida lost jobs due to the hurricane. Florida’s unemployment rate was down .1 percent compared to the June 2019 rate of 3.4 percent. Except for September 2017, Florida’s over-the-year job growth rate had exceeded the nation’s rate since May 2012.

For Palm Beach County, the unemployment rate in the West Palm Beach metro area was 3.6 percent in July 2019. This rate was 0.3 percentage point lower than the region's year ago rate of 3.9 percent. In July 2019, nonagricultural employment in the West Palm Bch-Boca Raton-Delray Bch Metro Division was 630,5900, an increase of 13,900 jobs (+2.3 percent) over the year. In July 2019, the labor force was 739,057, up 8,772(+1.2 percent) over the year. There were 26,706 unemployed residents in the region.

For Miami-Dade County, the unemployment rate was 3.3 percent in July 2019. This rate was 0.6 percentage point lower than the region's year ago rate of 3.9 percent. In July 2019, nonagricultural employment in the Miami-Miami Beach-Kendall Metropolitan Division was 1,208,400 an increase of 31,700 jobs (+2.7 percent) over the year. In July 2019, the labor force was 1,429,032, up 41,641 (+3.0 percent) over the year. There were 47,135 unemployed residents in the region.

In Broward County, we continue to see year over year job growth in the local economy. Target industries, identified by the Greater Fort Lauderdale Alliance, are adding jobs to the community. As the primary economic development organization for Greater Fort Lauderdale/Broward County, the Greater Fort Lauderdale Alliance continues to help companies create, expand and retain high-wage jobs and generate a capital investment in high value targeted industries, developing more vibrant communities and improving the quality of life for our area’s citizens. For more information, visit www.gflalliance.org


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