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Job Growth Remains Strong in Broward County

The unemployment rate across Broward County was 3.7 percent in July 2018, the same as the June rate according to CareerSource Broward. This rate was 0.3 percentage point lower than the region's rate a year ago at 4 percent. The region's June 2018 unemployment rate was 0.2 percentage point lower than the state rate of 3.9 percent. The labor force was 1,047,309 -- up 14,165 over the year. As of June 2018, there were 38,354 unemployed residents in the region.

As Broward County's unemployment rate remains below 4 percent, the Fort Lauderdale region continues to be among the top five Florida metro areas for private sector-job growth. According to Governor Rick Scott, the Fort Lauderdale area added 13,200 new private-sector jobs, dating back to August 2017. Fort Lauderdale’s unemployment rate remained a low 3.7 percent in July, down 0.4 percentage point from one year ago. Statewide, Florida businesses created 26,300 new jobs in July bringing the total number of new private-sector jobs created in Florida to nearly 1.6 million since December 2010.

The industries with the highest growth over the year in Fort Lauderdale were professional and business services with 4,600 new jobs and construction with 3,800 new jobs. Fort Lauderdale remains among the top four metro areas in online job demand in Florida with 20,638 openings in July. Also, the area had the fourth-highest number of openings for high-skill, high-wage STEM occupations with 5,338 job ads.

As of July, Florida’s unemployment rate remained at a low of 3.7 percent, a drop of 7.1 percentage points since December 2010. This drop in unemployment is faster than the national decline of 5.4 percentage points. In the past year, 132,000 people entered Florida’s labor force, a growth of 1.3 percent, which is greater than the national labor force growth rate of 1.1 percent.

*Sources: CareerSource Broward, Florida Dept. of Economic Opportunity

Posted by: Mike Cobelo @ 8:00:00 am  Comments (0)
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