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Friday, September 20, 2019
Greater Fort Lauderdale's Job Growth Stays Steady

The Florida Department of Economic Opportunity announced Broward County's jobless rate was 3.3% last month (August 2019). This rate is 0.4% lower than our region's year ago rate.

Today's numbers continue to indicate a steady growth of jobs in our region. Non-agricultural employment in the Fort Lauderdale-Pompano Beach-Deerfield Beach Metro Division was 863,000 last month, an increase of 11,400 jobs (+1.3%) over the year. The unemployment rate within the Fort Lauderdale-Pompano Beach-Deerfield Beach Metro Division was also 3.3% for August 2019.

Inside the Numbers

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

 

  • Other services (+8.6 percent) and the professional and business services (+3.6 percent) industries grew faster in the metro area than statewide over the year.
  • Fastest annual job growth rate compared to all the metro areas in the state in other services (+8.6 percent) in August 2019
  • Highest annual job growth compared to all the metro areas in the state in other services (+3,300 jobs) in August 2019.
  • Third highest annual job growth compared to all the metro areas in the state in education and health services (+4,200 jobs) and financial activities (+1,700 jobs) in August 2019.
  • The industries gaining in jobs over the year were: professional and business services (+5,500 jobs); education and health services (+4,200 jobs); other services (+3,300 jobs); financial activities (+1,700 jobs); manufacturing (+500 jobs); and leisure and hospitality (+400 jobs).
  • The trade, transportation, and utilities (-2,100 jobs); construction (-1,300 jobs); information (-400 jobs); and government (-400 jobs) industries lost jobs over the year.

Across the State

 

Florida’s seasonally adjusted unemployment rate was 3.3 percent in August 2019, unchanged from the July 2019 rate, and down 0.1 percentage point from a year ago. There were 342,000 jobless Floridians out of a labor force of 10,387,000.

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