Florida and Palm Beach Countyb s unemployment rates fell in March, according to The Palm Beach Post. At 11.5 percent in February, the stateb s jobless rate dropped to 11.1 percent last month.
Palm Beach County showed greater improvement, with the unemployment rate falling from 11.1 percent to 10.6 percent. Palm Beach County also ranked third in employment growth in Florida, adding 4,200 jobs, the Post reports.
In Miami-Dade, the unemployment rate dropped from 13.1 percent to 12.9 percent in March, according to The Miami Herald. The Herald reports:
b Compared to a year ago, South Floridab s jobs crisis appears to be easing. Combined Broward and Miami-Dade added about 15,000 jobs in the last 12 months.b
Unfortunately, the stateb s unemployment continues to be greater than the national rate, which is 8.8 percent. The commercial real estate market is dependent on increased hiring and jobs. For more updates on South Florida, CRE, workplace trends and more, follow our blog.
Tags: commercial real estate, CRE, Miami, Palm Beach, South Florida, unemployment
