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Friday, January 24, 2020
Greater Fort Lauderdale Adds More than 13,000 Jobs Over One Year

The Florida Department of Economic Opportunity announced Broward County's jobless rate was 2.5% last month (December 2019). This rate is 0.6% lower than our region's year ago rate.

Non-agricultural employment in the Fort Lauderdale-Pompano Beach-Deerfield Beach Metro Division was 882,200 last month, an increase of 13,400 jobs (+1.5%) over the year. The unemployment rate within the Fort Lauderdale-Pompano Beach-Deerfield Beach Metro Division was also 2.5% for December 2019.

As Greater Fort Lauderdale continues to add to its workforce, wage increases remained stagnant in Broward County according to the latest numbers. In a one year span, workers experienced an average wage increase of 3.3%. That percentage equates to the average worker seeing an annual wage increase of approximately $1,670. 

Inside the Numbers

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

  • Other services (+5.4 percent); education and health services (+4.8 percent); leisure and hospitality (+4.0 percent); and financial activities (+2.7 percent) industries grew as fast or faster in the metro area than statewide over the year.
  • Highest annual job growth compared to all the metro areas in the state in other services (+2,100 jobs) in December 2019.
  • Fastest annual job growth rate compared to all the metro areas in the state in other services (+5.4 percent) in December 2019.
  • Second highest annual job growth compared to all the metro areas in the state financial activities (+1,700 jobs) in December 2019.
  • Third highest annual job growth compared to all the metro areas in the state in education and health services (+5,400 jobs) in December 2019.
  • Fastest annual job growth rate compared to all the metro areas in the state in education and health services (+4.8 percent) in December 2019.
  • The industries gaining in jobs over the year were: education and health services (+5,400 jobs); leisure and hospitality (+3,800 jobs); other services (+2,100 jobs); financial activities (+1,700 jobs); professional and business services (+500 jobs); construction (+300 jobs); trade, transportation, and utilities (+100 jobs); and government (+100 jobs).
  • The manufacturing (-400 jobs) and information (-200 jobs) industries lost jobs over the year.

Across the State

 

Florida’s seasonally adjusted unemployment rate was 3.0 percent in December 2019, down 0.1% from the November 2019 rate, and down 0.1 percentage point from a year ago. There were 311,000 jobless Floridians out of a labor force of 10,511,000.

Posted by: Mike Cobelo/Florida Dept. of Economic Opportunity @ 10:00:00 am 
 
 
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