The Florida Department of Economic Opportunity announced Broward County's jobless rate stood at 3% last month (May 2019). This rate is .2% lower than our region's year ago rate.
A major takeaway from today's numbers is that our region continues to create a steady supply of jobs. Non-agricultural employment in the Fort Lauderdale-Pompano Beach-Deerfield Beach Metro Division was 864,200 last month, an increase of 11,200 jobs (+1.3%) over the year. The unemployment rate within this metro division also stands at 3% for May 2019.
Inside the Numbers
(Fort Lauderdale-Pompano Beach-Deerfield Beach Metro Division)
• 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 professional and business services (+6,000 jobs); education and health services (+4,100 jobs); and other services (+1,000 jobs) in May 2019.
• The professional and business services (+4.0 percent); education and health services (+3.7 percent); and other services (+2.6 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 (+6,000 jobs); education and health services (+4,100 jobs); financial activities (+1,100 jobs); other services (+1,000 jobs); manufacturing (+700 jobs); construction (+200 jobs); and trade, transportation, and utilities (+100 jobs).
• The leisure and hospitality (-1,500 jobs) and government (-500 jobs) industries lost jobs over the year.
Across the State
Florida’s seasonally adjusted unemployment rate was 3.4 percent in May 2019, down 0.1 percentage point from the revised April 2019 rate, and down 0.3 percentage point from a year ago. There were 353,000 jobless Floridians out of a labor force of 10,331,000