The job rate in the CareerSource Broward region is on the rise, with unemployment rates dropping 0.4 percent in March 2018 from the same time last year. The labor force grew 1.3 percent over the year to 1,037,489, and jobs gained 11,500 nonagricultural positions, up 1.4 percent over the year.
“These numbers are just the latest in a long line of good news for our community,” said Greater Fort Lauderdale Chamber of Commerce President & CEO Dan Lindblade. “Our economy continues to move in a positive direction, and people are taking notice. Our world class amenities, growing arts community and first-rate education systems are attracting employers who are pumping resources into our area.”
The CareerSource Broward region unemployment remains lower than Florida’s rate, which dropped to 3.9 percent, down half a point from March 2017, and is one of the lowest of all metro areas across the state. In fact, the Fort Lauderdale-Pompano Beach-Deerfield Beach metro area saw the fastest annual growth for nonagricultural employment compared to all others in Florida in other services (up 1,700 jobs) .
The industries which saw annual job growth were construction, up 3,400 jobs; professional and business services, up 1,800 jobs; other services, up 1,700 jobs; trade, transportation and utilities, up 1,500 jobs; education and health services, up 1,000 jobs; manufacturing, up 900 jobs; financial activities, up 800 jobs; and government, up 400 jobs.
Information and leisure and hospitality industries remain unchanged.
*Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. All rates are not seasonally adjusted.