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Front Page » Top Stories » South Florida among fastest in US in job gains

South Florida among fastest in US in job gains

Written by on December 12, 2017
South Florida among fastest in US in job gains

South Florida tied for the second-fastest rate of job growth among the nation’s 12 largest metropolitan areas in October, with 62,000 added jobs increasing the area’s total by 2.4%, the US Bureau of Labor Statistics revealed last week.
That gain far surpassed the national growth of 1.4% and trailed only the 2.7% job growth in the Dallas area. The Atlanta area also added jobs at a 2.4% rate.
The gain brought total jobs in Miami-Dade, Broward and Palm Beach counties to 2,668,200.
Miami-Dade, with 45% of the area’s employment, added 27,900 jobs, a gain of just a tick over 2.3%. Broward added 25,200 jobs and Palm Beach added 8,900.
Among the categories of jobs, education and health services had the largest increase in the three-county area, adding 18,000 jobs, with the largest gain in the area being 9,800 in the Fort Lauderdale area. The sector’s 4.7% growth in South Florida was far higher than the national increase of 2%.
Trade, transportation and utilities had the second-largest year-over-year increase over the 12-month period, growing by 8,600 jobs, which was a 1.5% gain. Nationally, the same sector rose just 0.4%.
Also gaining large numbers of jobs in the three-county area were professional and business services, adding 7,700; other services, adding 7,600; and construction, adding 7,500.