Join Now!

Chamber News

Broward County's Jobless Rate Remains Low

Broward County’s jobless rate ticked up a bit to 3.1 percent in December 2018, compared to 2.8% unemployment in November 2018. Still, the December rate was 0.3 percentage points lower than the region’s year ago rate of 3.4 percent. Nonagricultural employment increased by 15,800 jobs (+1.9 percent) over the year, with an employment of 866,300 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 (3.3 percent). The labor force was 1,038,689, up 16,082 (+1.6) over the year. There were 32,211 unemployed residents in the region.

 

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 (+6.4 percent) in December 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 (+3,900 jobs) and other services (+2,500 jobs) in December 2018. The information industry in the Ft. Lauderdale-Pompano Bch-Deerfield Bch Metro Division gained 300 jobs, the second highest annual job growth of all the metro areas statewide.

The industries gaining in jobs over the year were: trade, transportation, and utilities (+3,900 jobs); professional and business services (+2,900 jobs); education and health services (+2,800 jobs); other services (+2,500 jobs); construction (+2,200 jobs); financial activities (+600 jobs); government (+400 jobs); manufacturing (+300 jobs); and information (+300 jobs). The leisure and hospitality (-100 jobs) industry lost jobs over the year.

Posted by: Mike Cobelo @ 12:00:00 pm  Comments (0)
Items 4-4 of 248

View Archive