Overall unemployment rate stayed flat at 2.6% with the biggest shift in Government, which gained 17,700 roles, based on the most recently available information published in September 2022.
Total employment in the Miami-Fort Lauderdale-West Palm Beach, FL market rose by 28,332 jobs in August and the unemployment rate stayed flat. The national unemployment rate stayed flat over the same time period at 3.8%.
- Miami-Fort Lauderdale-West Palm Beach, FL unemployment rate is 119 bps below the national rate which is a positive sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 4.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Transportation & Utilities: 643,000; +3,400
- Business Services: 493,900; +4,300
- Education & Healthcare: 428,800; +5,700
- Restaurants & Hotels: 330,800; +3,700
- Government: 302,700; +17,700
- Financial Services: 206,000; +600
- Other Jobs: 121,800; +1,300
- Manufacturing: 96,300; +400
- IT & Development: 53,000; -200
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.