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Broward County adds 11,400 jobs year over year
 
Published Monday, September 23, 2019

(Fort Lauderdale, FL) – Broward County’s job report indicated a 3.3 percent unemployment rate in August 2019. This rate was 0.1 percentage points lower than the region’s year ago rate of 3.4 percent. Nonagricultural employment increased by 11,400 jobs (+1.3 percent) over the year, with an employment of 863,000 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).  The labor force was 1,050,465, up 17,066 (+1.7) over the year. There were 34,956 unemployed residents in the region. 

“We’re very pleased to continue to see strong overall job growth, and to outpace the state in 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 (+8.6 percent) and professional and business services (+ 3.6 percent) in August 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 (+3,300 jobs.).  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 education and health services (+4,200 jobs) and financial activities (+1,700 jobs) in August 2019. 

The industries gaining in jobs over the year were: professional and business services (+5,500 jobs); education and health services (+4,200 jobs); other services (+3,300 jobs); financial activities (+1,700 jobs); manufacturing (+500 jobs); and leisure and hospitality (+400 jobs).  The industries that lost jobs over the year were trade, transportation, and utilities (-2,100 jobs); construction (-1,300 jobs); information (-400 jobs); and government (-400 jobs).

  

August 2018 to August 2019

Industry

Job Change (% Change)

Professional and Business Services

5,500

(+3.6%)

Education and Health Services

4,200

(+3.8%)

Other Services

3,300

(+8.6%)

Financial Activities

1,700

(+2.8%)

Manufacturing

500

(+1.8%)

Leisure and Hospitality

400

(+0.4%)

Information

-400

(- 2.0%)

Government

-400

(-0.4%)

Construction

-1,300

(-2.7%)

Trade, Transportation, and Utilities

-2,100

(-1.1%)

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

The major sectors that gained or retained jobs from July 2019 to August 2019 were Government (+ 5,500 jobs); Financial Activities (+600 jobs); and Education and Health Services (+200 jobs). The major sectors that lost jobs were Construction (-1,700 jobs); Professional and Business services (-1,100 jobs); Other services (-200 jobs) and Information (- 100 jobs). Manufacturing; Trade, Transportation and Utilities; and Leisure and Hospitality industries were unchanged from July 2019 to August 2019. 

  

July 2019 to August 2019

Industry

Job Change (% Change)

Government

5,500

(+5.6%)

Financial Activities

600

(+1.0%)

Education and Health Services

200

(+0.2%)

Manufacturing

0

(0.00%)

Trade, Transportation, and Utilities

0

(0.00%)

Leisure and Hospitality

0

(0.00%)

Information

-100

(-0.5%)

Other Services

-200

(-0.5%)

Professional and Business Services

-1,100

(-0.7%)

Construction

-1,700

(-3.5%)

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

Florida’s seasonally adjusted unemployment rate was 3.3 percent in August 2019, unchanged from the July 2019 rate, and down 0.1 percentage point from a year ago. There were 342,000 jobless Floridians out of a labor force of 10,387,000. Florida’s seasonally adjusted total nonagricultural employment was 9,033,100 in August 2019, a gain of 221,200 jobs over the year (+2.5 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 and had exceeded the nation’s rate since April 2012.

For Palm Beach County, the unemployment rate in the West Palm Beach metro area was 3.7 percent in August 2019. This rate was 0.1 percentage point lower than the region's year ago rate of 3.8 percent. In August 2019 nonagricultural employment in the West Palm Bch-Boca Raton-Delray Bch Metro Division was 638,000, an increase of 13,200 jobs (+2.1 percent) over the year. In August 2019, the labor force was 739,151, up 15,915 (+2.2) over the year. There were 27,700 unemployed residents in the region. 

For Miami-Dade County, the unemployment rate was 3.5 percent in August 2019. This rate was 0.5 percentage point lower than the region's year ago rate of 4.0 percent. In August 2019 nonagricultural employment in the Miami-Miami Beach-Kendall Metropolitan Division was 1,224,800, an increase of 28,500 jobs (+2.4 percent) over the year. In August 2019, the labor force was 1,427,580, up 63,319 (+5.0 percent) over the year. There were 49,357 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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