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Broward County's Unemployment Rate Drops Below 3%

The Florida Department of Economic Opportunity announced Broward County's jobless rate dropped to 2.8% last month. This rate is .5% lower than our region's year ago rate.

 

Non-agricultural employment in the Fort Lauderdale-Pompano Beach-Deerfield Beach Metro Division was 867,000 last month, an increase of 16,400 jobs (+1.9%) over the year. The unemployment rate within this metro division also stood at 2.8% in April 2019.

 

Inside the Numbers

(Fort Lauderdale-Pompano Beach-Deerfield Beach Metro Division)

 

  • Third highest annual job growth compared to all the metro areas in the state in education and health services (+5,200 jobs) in April 2019.

 

  • Tied for the third highest annual job growth compared to all the metro areas in the state in financial activities (+1,300 jobs) in April 2019.

 

  • Third fastest annual job growth rate compared to all the metro areas in the state in other services (+5.8 percent) and education and health services (+4.7 percent) in April 2019.

 

  • The other services (+5.8 percent); education and health services (+4.7 percent); and professional and business services (+3.6 percent) industries grew faster in the metro area than statewide over the year.

 

  • The industries gaining in jobs over the year were: professional and business services (+5,400 jobs); education and health services (+5,200 jobs); other services (+2,200 jobs); financial activities (+1,300 jobs); construction (+1,200 jobs); trade, transportation, and utilities (+800 jobs); manufacturing (+600 jobs); and leisure and hospitality (+300 jobs).

Across the State

 

Florida’s seasonally adjusted unemployment rate was 3.4 percent in April 2019, down 0.1 percentage point from the March 2019 rate, and down 0.3 percentage point from a year ago. There were 357,000 jobless Floridians

out of a labor force of 10,335,000.

 

Posted by: Mike Cobelo @ 10:00:00 am  Comments (0)
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