The South Florida job marketB has been experiencing a slow recovery within the last few months, and recent numbers show that the hiring rebound will continue throughout this year. Although things will continue to be slow there are a few encouraging trends that support the rebound which include:

  • Falling unemployment: Unemployment in Miami-DadeB hit a record of 13.4 percent in June, but in the more recent report unemployment had fallen to 10.2 percent.
  • Increased job security:B The Labor Department announced that nationwide claims for initial unemployment benefits are still below 400,000. Last month in Miami-Dade first-time claims declined 27 percent to 7,500 and 25 percent in Broward to 5,000.
  • Job growth:B Miami-Dade recovered nearly 30 percent of the 91,000 jobs lost during the recession, and in recent months job growth has been between 3 and 4 percent for Miami-Dade and Broward counties.

To receive more information on the South Florida job market as well as commercial real estate news subscribe to have our posts delivered to your email inbox!

Source: Miami Herald


Google Images



Tags: ,