Miami-Dade's Employment Numbers Continue to Show Growth
Miami-Dade County's unemployment remained the same as last month at 5.1 percent in February and the county added 1.9 percent payroll jobs from February 2016 to February 2017, according to statistics released Friday.
"We are seeing year over year job growth in a range of industry sectors including Educational & Health Services (5.1 percent) and Transportation, Warehousing & Utilities (1.3 percent) which both include higher than the county’s average paying jobs,” said Jaap Donath, Ph.D., Senior Vice President, Research & Strategic Planning for the Miami-Dade Beacon Council. “That industry diversity is important because it keeps our economy resilient during slower times. Our Key Ceremony which honored 43 new and expanding companies located throughout Miami-Dade also showcased our county’s varied industries.
The numbers analyzed
Miami-Dade County created 22,300 new nonagricultural payroll jobs (not seasonally adjusted), from February 2016 to February 2017 which was a 1.9 percent increase. Miami-Dade County continues to show year over year gains. Improvements in the non-farm payroll jobs can be found in a variety of sectors. Between January 2017 and February 2017, Miami-Dade County decreased nonagricultural payroll jobs by 2,100 or 0.2 percentage point.
The not seasonally adjusted unemployment rate for Miami- Dade County was 5.1 percent in February 2017, which was the same as January 2017, and February 2016.
In February 2017, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 5.5 percent.