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Posted on: February 6, 2020

Broward County Adds 13,400 Jobs Year Over Year

Greater Fort Lauderdale Alliance

Broward County’s job report indicated a 2.5% unemployment rate in December 2019, which was 0.6% lower than the region’s year ago rate of 3.1%. Nonagricultural employment increased by 13,400 jobs (+1.5%) over the year, with an employment of 882,200 in the Ft. Lauderdale-Pompano Beach-Deerfield Beach MSA (Broward County). The region’s jobless rate was equal to the state rate of 3.1%, there were 26,705 unemployed residents in the region, and the labor force was 1,049,805—up 13,021 (+1.3%) over the year. 

“We’re very pleased to continue to see strong overall job growth, and the robust job growth in Other Services”, said Greater Fort Lauderdale Alliance President and CEO Bob Swindell. “The job growth continues to reflect our success in diversifying Broward’s economy working with our partners.”

The Ft. Lauderdale-Pompano Beach-Deerfield Beach Metro Division had the:

  • Highest annual job growth rate than the statewide rate and all metro areas in Other Services (+5.4%; +2,100 jobs) in December 2019
  • 2nd highest annual job growth compared to all the metro areas in the state in Financial Activities (+2.7%, +1,700 jobs)
  • 3rd highest and fastest annual job growth compared to all the metro areas in the state in Education and Health Services (+4.8%, +5,400 jobs) in December 2019

The industries gaining the most jobs from December 2018 to December 2019 were: Education and Health Services (+5,400 jobs); Leisure and Hospitality (+3,800 jobs); Other Services (+2,100 jobs); and Financial Activities (+1,700 jobs).

 
Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. 

The major sectors that gained or retained jobs from November 2019 to December 2019 were Trade, Transportation and Utilities (+2,700 jobs); Leisure and Hospitality (+1,000 jobs); and Education and Health Services (+600 jobs).


Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. 

Florida’s seasonally adjusted unemployment rate was 3.0% in December 2019, down 0.1% from the November 2019 rate, and down 0.3% from a year ago. This is the first time the State recorded the unprecedented low unemployment rate of 3.0% since the series began in 1976. There were 311,000 jobless Floridians out of a labor force of 10,511,000. The U.S. unemployment rate was 3.5% in December. Florida’s seasonally adjusted total nonagricultural employment was 9,104,000 in December 2019, an increase of 16,000 jobs (+0.2%) over the month. The state gained 212,000 jobs over the year, an increase of 2.4%. Nationally, the number of jobs rose 1.4% over the year. Except for September 2017, Florida’s over-the-year job growth rate has exceeded the nation’s rate since April 2012.

GFLA Job Report Highlights

Read the full Broward County job report here.
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