May 2020 Employment Report

Sponsored by:

The numbers analyzed

In May 2020, Miami-Dade County unemployment rate (not seasonally adjusted) was 11.3 percent. The County had a reduction of 122,800 nonagricultural payroll jobs (not seasonally adjusted), from May 2019 to May 2020 which was a 10.1 percentage decrease. However, from April 2020 to May 2020, there was an increase of 26,500 nonagricultural payroll jobs, signaling modest movement towards economic recovery.

Due to the impact of COVID-19, there has been a sharp decline in payroll jobs throughout most industries when comparing May 2019 with May 2020. The sectors most affected are Leisure & Hospitality (-54,700), Retail Trade (-18,700), Professional & Business Services (-15,800), Education & Health Services (-13,900), Manufacturing (-6,100) and Other Services (-6,100). The most stable sectors in the past 12 months are Information (-100), Financial Activities (-200), and Total Government (-1,500). The graph below shows the payroll data since May 2018.

The change in payroll job between April 2020 and May 2020 show that several sectors have begun adding jobs, including in sectors that were the hardest hit during the onset of the COVID-19 crisis. Leisure & Hospitality (+11,500), Other Services (+4,300), Construction (+3,800) and Professional & Business Services (+3,000).

SectorMay 2019- May 2020April 2020 – May 2020
Information-100 (-0.5%)+100 (+0.5%)
Financial Activities-200 (-0.2%)-100 (-0.1%)
Total Government-1,500 (-1.0%)-800 (-0.6%)
Construction+1,600 (+3.0%)+3,800 (+7.5%)
Wholesale Trade-2,700 (-3.6%)+1,600 (+2.3%)
Transportation, Warehousing, & Utilities-4,700 (-5.7%)0 (0.0%)
Other Services-6,100 (-12.2%)+4,300 (+10.8%)
Manufacturing -6,100 (-14.4%)0 (0.0%)
Education & Health Services-13,900 (-7.2%)+2,400 (+1.4%)
Professional & Business Services-15,800 (-8.7%)+3,000 (+1.8%)
Retail Trade-18,700 (-13.1%)+700 (+0.6%)
Leisure and Hospitality-54,700 (-37.3%)+11,500 (+14.3%)

The unemployment rate of 11.3 percent compared to last year was 8.9 percentage points higher than the unemployment rate at 2.4 percent in May 2019. Compared to April 2020 there was an 0.5 percentage point decrease from the unemployment rate at 11.8 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since May 2018. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018. For the last nineteen months the United States had a higher unemployment rate than Miami-Dade County.

In May 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 10.8 percent, which is 8.3 percentage points higher than in May 2019.

 May 2020
Unemployment Rate
(Not Seasonally Adjusted)
May 2019 to

May 2020
Unemployment Rate Change
(Not Seasonally Adjusted)

Miami-Dade County11.3%+8.9%
Palm Beach County14.1%+11.0%
Broward County16.0%+13.0%
Florida14.3%+10.9%
United States13.0%+9.6%

From the data and analysis above, we saw a sharp deterioration in the local economy for the month of April 2020 due to the global impact of COVID-19, however in the month of May 2020 there was modest movement towards economic recovery. Nevertheless, the community needs to remain focused on job-retention projects in targeted industries, as well as all sectors. These industries have been identified as the Miami-Dade County industries most able to create additional well-paying job opportunities, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers. Payroll and unemployment information provided in this report considers data revisions by the U.S. Bureau of Labor Statistics (BLS) which occurred in April 2020.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

Biotech Start-up GenoSUR and 7 Holdings Group (7HG) Open Testing Kit Manufacturing Facility in Miami-Dade County, Creating 90 Jobs

GenoSur developed a portable medical device / sampling collection kit for COVID-19

(Miami, FL– June 12, 2020) – Chilean-based biotech start-up GenoSUR and 7 Holdings Group (7HG), an expert logistics provider, have joined forces to open a manufacturing facility in Miami-Dade County that will produce portable sampling collection kits and transport devices for SARS-CoV-2, commonly known as COVID-19, and other respiratory viruses.

Since 2017, GenoSUR has been developing and manufacturing medical devices for molecular diagnostic applications in Santiago, Chile. Their devices allow for self and assisted sampling, depending on the application. During the global pandemic, GenoSUR found a way to pivot their business and develop a portable medical device/field sample collection kit for COVID-19, helping infected patients avoid emergency room visits. The test kit does not require cold storage and solved immediate critical testing issues countries were facing.

GenoSUR has supplied over 300,000 testing kits in the last few months to the Chilean Government. Chilean health authorities recognized the testing kit’s ability to save on several critical resources, preventing loss of samples by creating focus of infection at sampling locations and reducing exposure of lab personnel; this created the first initial order of 1 million units from the Chilean Government. “We studied why South Korea and Italy were having such different outcomes in the number of infections and deaths. We concluded that the quantity of diagnoses had been a key part of the South Koreans’ successful campaign, and thus would be the main problem to be solved by any health system in the world,” said Matias Gutierrez, CEO and Co-Founder of GenoSUR.

Partnering with Chile’s Export Promotion Bureau through its trade office in Miami, ProChile Miami, and the Chilean economic development agency CORFO, GenoSUR expanded into Miami-Dade County from Santiago with the opening of a “soft landing” office at the Cambridge Innovation Center (CIC) Miami in September 2019. ProChile helped facilitate the connection between GenoSUR and 7HG and has continued to provide support and guidance to GenoSUR along with ASELA USA, an organization that promotes Latin entrepreneurship in Miami and is part of the largest network of entrepreneurs in Latin America. “GenoSur is a prime example of Chilean innovation that will have a positive impact on a global scale. Chilean entrepreneurs succeed because they look at the big picture. We have many forward-thinking companies in Chile like GenoSur, working to develop solutions for the most critical issues facing the world today,” says German Rocca, Trade Officer, ProChile Miami.

The 10,300 square-foot manufacturing facility is scheduled to open by July 4, 2020 in Doral, Florida, and will create 90 jobs within the first three years. 7HG will lead building and staffing operations with support from The Beacon Council Foundation’s Miami Community Ventures program. This nonprofit program, part of the One Community One Goal initiative, aims to provide low-income, structurally unemployed individuals with living wage jobs; GenoSur and 7HG have committed to making 45 jobs available to MCV candidates. The facility is expected to manufacture between 250K-300K testing kits per month.  “It has been an absolute pleasure working with the Miami-Dade Beacon Council. It is beyond inspiring to partner with an organization that prioritizes an effective focus on building through a holistic approach that  connects the business community, government officials and most importantly the people of the community, to create a self-sufficient ecosystem of substantive and organic growth,” stated Lucius French, CEO and Founder of 7HG.

The Doral facility will primarily service demand for North America and five United States territories. It will also serve as additional support to offshore manufacturing for global demand.  Public health experts see prolific testing as a primary strategy in helping combat the spread of COVID-19.

Miami-Dade County Mayor Carlos Gimenez has been supportive of the project since its inception. “This joint venture will help Miami-Dade continue to ramp up COVID-19 testing and further safeguard the health of our 2.8 million residents as we adjust to our New Normal Guidelines and get people back to work,” said Mayor Gimenez. “I applaud GenoSUR and 7HG for their rapid launching of this facility in Doral which will not only provide much-needed testing kits, but also create new jobs in our community.”

“Projects like this collaboration between GenoSUR and 7HG are important for us on many fronts,” explains Michal A. Finney, President and CEO of the Miami-Dade Beacon Council, the County’s official economic development organization. “We are able to leverage Miami-Dade’s connectivity as a Gateway to Latin America and its strengths in many relevant industry sectors – life sciences and healthcare, trade and logistics, international business, manufacturing – to set this venture up for success. This not only brings new jobs and investment into our community but, in this specific case, we also have the much-needed benefit of supporting the production of vital COVID-19 testing supplies.”

 

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About GenoSUR

GenoSUR has been developing and manufacturing medical devices for molecular diagnostics applications since 2017. These devices allow self and assisted sampling, depending on the application.

 

GenoSUR prides itself by making things simple, the designs and components are meant to facilitate both sampling and transport. On the transportation side, the stabilization solutions, both proprietary and from other manufacturers such as Zymo Research Corporation, allow for room temperature transport of samples stabilizing nucleic acids for better yield and performance in the laboratory. To learn more visit: https://genosur.com/en/home/

 

About 7 Holdings Group (7HG)

Logistics Group (7HG) is an expert logistics provider focused on diverse freight shipping solutions that includes local, regional and long-haul truckload (dry goods, refrigerated, liquid & specialty), drayage and intermodal. We provide these services to a highly diverse book of shipper customers ranging from Fortune 1000 companies to small businesses. The 7HG network coverage includes the US, Mexico Inbound/Outbound & Canada In-bound.

7HG was launched under the leadership of seasoned logistics professionals and serial entrepreneurs.  We are founded to establish and provide a superior transportation alternative to shipper customers. This starts with the most basic and timeless cornerstones of transportation logistics, which includes safety, on-time pickup (OTP), on-time delivery (OTD) and freight visibility. This process culminates into a company rich in innovation, imaginative technology, and committed to a level of service second to none.  We facilitate the process by utilizing our proprietary platform combined with the latest advances to introduce real-time seamless connectivity, process automation and optimization. To learn more visit: https://7logisticsgroup.io/

 

About ProChile

ProChile is the institution of the Ministry of Foreign Affairs of Chile in charge of promoting exports of products and services. The Chilean agency contributes to dissemination of foreign investment opportunities and tourism promotion. Also, has a network of over 50 offices worldwide and 15 Export Centers in Chile which have experience and tools to help boost the export sector and position Chile’s attributes in international markets.

April 2020 Employment Report

Sponsored by:

The numbers analyzed

In April 2020, Miami-Dade County unemployment rate (not seasonally adjusted) was 11.9 percent. The County had a reduction of 145,900 nonagricultural payroll jobs (not seasonally adjusted), from April 2019 to April 2020 which was a 12.0 percentage decrease.

Due to the impact of COVID-19, there has been a sharp decline in payroll jobs throughout most industries. The sectors most affected are Leisure and Hospitality (-63,100), Professional and Business Services (-21,700), Education and Health Services (-14,600), Retail Trade (-14,200) and Other Services (-11,400). The most stable sectors in the past 12 months are Information (-200), Financial Activities (-700), and Total Government (-900). The graph below shows the payroll data since April 2018.

SectorApril 2019- April 2020March 2020 – April 2020
Information-200 (-1.0%)-1,200 (-5.7%)
Financial Activities-700 (-0.9%)-800 (-1.0%)
Total Government-900 (-0.6%)-3,000 (-2.0%)
Construction-2,400 (-4.5%)-2,600 (-4.9%)
Wholesale Trade-3,900 (-5.3%)-2,900 (-4.0%)
Transportation, Warehousing, & Utilities-6,400 (-7.7%)-8,800 (-10.2%)
Manufacturing -6,400 (-15.2%)-4,800 (-11.8%)
Other Services-11,400 (-22.5%)-11,100 (-22.1%)
Retail Trade-14,200 (-10.0%)-17,900 (-12.3%)
Education & Health Services-14,600 (-7.6%)-18,700 (-9.5%)
Professional & Business Services-21,700 (-12.0%)-23,900 (-13.0%)
Leisure and Hospitality-63,100 (-42.9%)-58,600 (-41.1%)

The unemployment rate of 11.9 percent compared to last year was 9.4 percentage points higher than the unemployment rate at 2.5 percent in April 2019. Compared to March 2020 there was an 8.1 percentage point increase from the unemployment rate at 3.8 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since April 2018. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018. For the last eighteen months the United States had a higher unemployment rate than Miami-Dade County.

In April 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 10.3 percent, which is 7.6 percentage points higher than in April 2019.

 April 2020
Unemployment Rate
(Not Seasonally Adjusted)
April 2019 to

April 2020
Unemployment Rate Change
(Not Seasonally Adjusted)

Miami-Dade County11.9%+9.4%
Palm Beach County13.9%+10.9%
Broward County14.5%+11.7%
Florida13.3%+10.4%
United States14.4%+11.1%

From the data and analysis above, we saw a sharp deterioration in the local economy for the month of April 2020 due to the global impact of COVID-19. Nevertheless, the community needs to remain focused on job-retention projects in targeted industries, as well as all sectors. These industries have been identified as the Miami-Dade County industries most able to create additional well-paying job opportunities, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

March Employment Report

Sponsored by:

(Miami, Fl) April 20, 2020 – Every year, the March Employment Report detailing the unemployment rate is released in April. As of this analysis, the data does not yet reflect the full impact of the economic reality the world is presently facing due to the Coronavirus (COVID-19) crisis. April data, which we expect will more accurately reflect the impact on our local economy, will be released later in May 2020.

The numbers analyzed

In March 2020, Miami-Dade County unemployment rate (not seasonally adjusted) has risen to 3.7 percent. The County created 12,300 new nonagricultural payroll jobs (not seasonally adjusted), from March 2019 to March 2020 which was a 1.0 percent increase.

The highest job creation occurred in Education & Health Services (5,500) with most gains in the health industry, Retail Trade (3,200), Professional & Business Services (2,900), Transportation, Warehousing & Utilities (2,100), Total Government (1,000), and Information (800). The graph below shows the payroll data since March 2018.

 

SectorMarch 2019- March 2020February 2020 – March 2020
Education & Health Services+5,500 (+2.9%)+2,300 (+1.2%)
Retail Trade+3,200 (+2.2%)+600 (+0.4%)
Professional & Business Services+2,900 (+1.6%)+300 (0.2%)
Transportation, Warehousing, & Utilities+2,100 (+2.5%)-100 (-0.1%)
Total Government+1,000 (+0.7%)+2,000 (+1.4%)
Information+800 (+3.9%)0 (0.0%)
Other Services+300 (+0.6%)0 (0.0%)
Financial Activities0 (0.0%)+100 (0.1%)
Leisure and Hospitality0 (0.0%)-2,000 (-1.3%)
Wholesale Trade-900 (-1.2%)+600 (+0.8%)
Construction-1,300 (-2.4%)-200 (-0.4%)
Manufacturing -1,400 (-3.3%)-100 (-0.2%)

The unemployment rate of 3.7 percent compared to last year was 0.9 percentage point higher than the unemployment rate at 2.8 percent in March 2019. Compared to February 2019 there was a 2.2 percentage point increase from the unemployment rate at 1.5 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since March 2018. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018. For the last seventeen months the United States had a higher unemployment rate than Miami-Dade County.

In March 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 3.8 percent, which is 1.0 percentage point higher than in March 2019.

March 2020
Unemployment Rate
(Not Seasonally Adjusted)
March 2019 to March 2020 Unemployment Rate Change (Not Seasonally Adjusted)
Miami-Dade County3.7%+0.9%
Palm Beach County4.4%+1.1%
Broward County3.7%+0.9%
Florida4.3%+1.1%
United States4.5%+0.6%

From the data and analysis above, we saw improvement in the local economy for the month of March 2020. Nevertheless, the community needs to remain focused on job-creation projects in targeted industries. These industries have been identified as the Miami-Dade County industries most able to create additional well-paying job opportunities, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

Miami-Dade Beacon Council Launches Online Resources For Small Businesses

Miami-Dade Beacon Council Launches Online Resources For Small Businesses
BizHelp.Miami, Provides Information on Federal Funding
COVID-19 Resource Center Provides South Florida-Specific Vital Information

(Miami, Fl- April 13, 2020)- The Miami-Dade Beacon Council, the County’s official public-private economic development partnership, is working closely with Miami-Dade County and other community partners to alleviate economic stress on the community as a result of the COVID-19 crisis.

Two sites are available:

BizHelp.Miami is a one-stop online portal that streamlines information about the C.A.R.E.S. Act’s Paycheck Protection Program (PPP) and facilitates the direct connection to an SBA-approved lender of choice. The portal will also highlight additional funding options, such as state and local bridge loans, economic injury disaster loans (EIDL), community foundation programs, and other local resources as they become available. Direct link can be found here. (www.bizhelp.miami)

 

COVID-19 Resource Center on BeaconCouncil.com provides South Florida-specific information and solutions across industry sectors to address economic hardships driven by COVID-19. The resource center serves as an aggregator of the latest information. Direct link can be found here.

(www.beaconcouncil.com/solutions/small-business/covid-19-updates-and-resources)

 

Miami-Dade County’s business community is made up of more than 90,000 small businesses in industries deeply impacted by COVID-19, including aviation, tourism, and trade and logistics. The Miami-Dade Beacon Council launched the BizHelp.Miami in partnership with Miami-Dade County and Slalom, tapping into additional intelligence from Cyvent, McKinsey & Co. and other key community and technology partners throughout this process.

 

“Ensuring that our small businesses receive the help that they deserve during this crisis is a top priority for Miami-Dade County,” said Miami Dade Mayor Carlos A. Gimenez. “BizHelp.Miami and the COVID-19 Resource Center on BeaconCouncil.com are both great resources to learn more about how to get help from the federal government, the state, and local organizations. We will continue working with The Miami-Dade Beacon Council and other community partners to move quickly and efficiently to serve our community.”

 

“Slalom partnered with the Miami-Dade Beacon Council to quickly develop BizHelp.Miami, a much-needed resource for the South Florida small business community,” said Beau Williamson, General Manager, Slalom. “Our team is autonomous, and we move fast to provide clients what they need. We are happy to provide our services to help fellow business community partners during this unprecedented time.”

 

“The Beacon Council in partnership with Miami-Dade County and more than twenty other public and private organizations, are working diligently to develop solutions that mitigate the impact on our economy,” said Michael A. Finney, President & CEO of the Miami-Dade Beacon Council. “Miami-Dade County is a resilient community. Given our economic climate in the months prior to the global pandemic, with record-breaking unemployment numbers three months in a row, we are confident the community will emerge stronger than ever from this crisis.”

 

Below is a sampling of information listed on COVID-19 Resource Center on www.BeaconCouncil.com:

 

  • Virtual Town Hall Series in Collaboration with Greater Miami Chamber of Commerce (GMCC): Weekly Town Hall Series that facilitates information on resources and assistance available to support businesses impacted by COVID-19. Different speakers and topics available every week. Speakers include civic leaders and key subject matter experts speaking to local, state and federal programs available to Miami’s small business community.

 

  • Supply Chain & B2B Resources: We are surveying our local business community to find manufacturers or vendors that can produce, distribute or donate essential products or services including masks, gloves, ventilators, and other equipment for our frontline workers.
    • The Supplies & Service Survey can be completed here

 

  • Emergency Loans: The Florida Small Business Emergency Bridge Loan Program is currently offering short-term, interest-free working capital loans that are intended to “bridge the gap.” These loans are available to small business owners located in all Florida counties statewide that experienced economic damage as a result of COVID-19.

 

  • S. Small Business Administration: The U.S. Small Business Administration’s Economic Injury Disaster Loans (EIDL) offer up to $2 million in assistance for eligible small businesses. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue driven by COVID-19’s impact.

 

  • Short Term Compensation Program (FDEO): The Short Time Compensation Program is a voluntary employer program designed to help employers maintain their staff by reducing the weekly working hours during temporary slowdowns instead of temporarily laying off employees. If an employer establishes a Short Time Compensation Plan, and an employee meets the qualifications to file a re-employment assistance claim in the state of Florida, the employee will receive a partial re-employment check to supplement their reduced paycheck.

 

Send COVID-19 related questions or concerns to  BeaconHelp@beaconcouncil.com. We also want to understand how COVID-19 is directly impacting business as this helps us better advocate for support. Local businesses can follow our social media platforms for regular updates.

 

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The Miami-Dade Beacon Council is Miami-Dade County’s official economic development partnership. The not-for-profit public-private organization focuses on job creation and economic growth. Since 1985, the organization has assisted more than 1,000 businesses that have created nearly 70,000 direct jobs and added more than $4.6 billion in new capital investments. It accomplishes this by marketing Miami-Dade as a world-class business location, growing local companies and fostering entrepreneurs, and shaping the County’s economic future. To learn more about The Miami-Dade Beacon Council, visit our website.

February 2020 Data Employment Report

Miami-Dade County Jobs Data

NOTE FROM THE MIAMI-DADE BEACON COUNCIL:

In order to effectively re-calibrate the previous year’s data and establish benchmarks, both January and February Unemployment Rates are reported in March. March 2020 data will be released later in April, on the standard one-month delay given all reporting is backward-looking.

Given the present economic climate, we wanted to call attention to the timing for this report. As the data focuses on February 2020 (and its comparison to the prior year), the analysis does not reflect the economic realities the world now finds itself in due to the Coronavirus (COVID-19). While we are proud of the record-breaking unemployment numbers reported for the third month in a row, we know that the reality of Miami-Dade County’s present economic climate in the wake of this global pandemic will likely drive very different results in the months to come. This report does not speak to those challenges, but rather recognizes another month of historically low unemployment – something our community will work to re-establish and come together to mitigate the long-term impact of COVID-19 on our businesses, workforce and local economy as a whole.

The numbers analyzed

In February 2020, Miami-Dade County continued to have the lowest unemployment rate in its history (not seasonally adjusted) at 1.5 percent. Miami-Dade County had the lowest unemployment rate in Florida in February 2020. The County created 12,000 new nonagricultural payroll jobs (not seasonally adjusted), from February 2019 to February 2020 which was a 1.0 percent increase.

The highest job creation occurred in Leisure and Hospitality (4,200), Education & Health Services (3,800), Professional & Business Services (2,400), Transportation, Warehousing & Utilities (2,400), Retail Trade (2,100), Information (700), and Other Services (500). The graph below shows the payroll data since February 2018.

SectorFebruary 2019- February 2020January 2020 – February 2020
Leisure and Hospitality+4,200 (+2.9%)+2,900 (+2.0%)
Education & Health Services+3,800 (+2.0%)+3,300 (+1.7%)
Professional & Business Services+2,400 (+1.3%)+3,100 (+1.7%)
Transportation, Warehousing, & Utilities+2,400 (+2.9%)0 (0.0%)
Retail Trade+2,100 (+1.5%)-800 (-0.5%)
Information+700 (+3.4%)+200 (+1.0%)
Other Services+500 (+1.0%)+700 (+1.4%)
Construction      -300 (-0.6%)-100 (-0.2%)
Financial Activities-400 (-0.5%)+600 (+0.7%)
Total Government-400 (-0.3%)-600 (-0.4%)
Manufacturing -1,300 (-3.1%)-100 (-0.2%)
Wholesale Trade-1,800 (-2.4%)+300 (+0.4%)

The unemployment rate of 1.5 percent compared to last year February was a 1.1 percentage point lower unemployment rate at 2.6 percent in February 2019. Compared to January 2019 there was no percentage point change from the unemployment rate at 1.5 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since February 2018. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018. For the last sixteen months the United States had a higher unemployment rate than Miami-Dade County.

In February 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 1.8 percent, which is 1.1 percentage point lower than in February 2019.

February 2020
Unemployment Rate
(Not Seasonally Adjusted)
February 2019 to

February 2020
Unemployment Rate Change
(Not Seasonally Adjusted)

Miami-Dade County1.5%-1.1%
Palm Beach County3.0%-0.4%
Broward County2.9%-0.4%
Florida2.8%-0.5%
United States3.8%-0.3%

From the data and analysis above, we saw improvement in the local economy for the month of February 2020. Nevertheless, the community needs to remain focused on job-creation projects in targeted industries. These industries have been identified as the Miami-Dade County industries most able to create additional well-paying job opportunities, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

January 2020 Employment Report

January 2020 Miami-Dade County Jobs Data

Presented by:

NOTE FROM THE MIAMI-DADE BEACON COUNCIL:

In order to effectively re-calibrate the previous year’s data and establish benchmarks, January Unemployment Rates are reported in March (instead of February). The February 2020 data will be released later this month, with March 2020 employment data reported in April; that returns us to the standard one-month delay given all reporting is backward-looking.

While standard practice, we wanted to call attention to the timing for this report given the present economic climate. As the data focuses on January 2020 (and its comparison to the prior year), the analysis does not reflect the economic realities the world now finds itself in due to the Coronavirus (COVID-19). While we are proud of the record-breaking unemployment numbers reported for January 2020, we know that the reality of Miami-Dade County’s present economic climate in the wake of this global pandemic will likely drive very different results in the weeks to come. This report does not speak to those challenges, but rather recognizes a second month of historically low unemployment – something our community will work to re-establish as we work together to mitigate the long-term impact of COVID-19 on our businesses, workforce and local economy as a whole.

 

(Miami, Fl) March 17, 2020 – Miami-Dade County had the lowest unemployment rate in Florida in January 2020. The County created 10,900 new non-agricultural payroll jobs (not seasonally adjusted), from January 2019 to January 2020, a 0.9 percent increase.

The Numbers, Analyzed
The highest job creation occurred in Leisure and Hospitality (3,400), Education & Health Services (2,600), with most jobs created in the healthcare industry. Job creation also occurred in Transportation, Warehousing & Utilities (2,100), Professional & Business Services (1,800), Total Government (1,500), Information (1,200), and Construction (400), and Other Services (500). The graph below shows the payroll data since January 2018.

The unemployment rate of 1.5 percent compared to last year January was a 1.5 percentage point lower unemployment rate at 3.0 percent in January 2019. Compared to December 2019 there was a 0.1 percentage point decrease from the unemployment rate at 1.6 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since December 2017. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018. For the last thirteen months the United States had a higher unemployment rate than Miami-Dade County.

In January 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 1.9 percent, which is 1.0 percentage point lower than in January 2019.

From the data and analysis above, we see continued improvement in the local economy. Nevertheless, the community needs to remain focused on job creation projects in targeted industries. These industries have been identified as the industries most able to create additional well-paying job opportunities in Miami-Dade County, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

January 2020 Employment Report

January 2020 Miami-Dade County Jobs Data

Presented by:

NOTE FROM THE MIAMI-DADE BEACON COUNCIL:

In order to effectively re-calibrate the previous year’s data and establish benchmarks, January Unemployment Rates are reported in March (instead of February). The February 2020 data will be released later this month, with March 2020 employment data reported in April; that returns us to the standard one-month delay given all reporting is backward-looking.

While standard practice, we wanted to call attention to the timing for this report given the present economic climate. As the data focuses on January 2020 (and its comparison to the prior year), the analysis does not reflect the economic realities the world now finds itself in due to the Coronavirus (COVID-19). While we are proud of the record-breaking unemployment numbers reported for January 2020, we know that the reality of Miami-Dade County’s present economic climate in the wake of this global pandemic will likely drive very different results in the weeks to come. This report does not speak to those challenges, but rather recognizes a second month of historically low unemployment – something our community will work to re-establish as we work together to mitigate the long-term impact of COVID-19 on our businesses, workforce and local economy as a whole.

 

(Miami, Fl) March 17, 2020 – Miami-Dade County had the lowest unemployment rate in Florida in January 2020. The County created 10,900 new non-agricultural payroll jobs (not seasonally adjusted), from January 2019 to January 2020, a 0.9 percent increase.

The Numbers, Analyzed
The highest job creation occurred in Leisure and Hospitality (3,400), Education & Health Services (2,600), with most jobs created in the healthcare industry. Job creation also occurred in Transportation, Warehousing & Utilities (2,100), Professional & Business Services (1,800), Total Government (1,500), Information (1,200), and Construction (400), and Other Services (500). The graph below shows the payroll data since January 2018.

The unemployment rate of 1.5 percent compared to last year January was a 1.5 percentage point lower unemployment rate at 3.0 percent in January 2019. Compared to December 2019 there was a 0.1 percentage point decrease from the unemployment rate at 1.6 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since December 2017. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018. For the last thirteen months the United States had a higher unemployment rate than Miami-Dade County.

In January 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 1.9 percent, which is 1.0 percentage point lower than in January 2019.

From the data and analysis above, we see continued improvement in the local economy. Nevertheless, the community needs to remain focused on job creation projects in targeted industries. These industries have been identified as the industries most able to create additional well-paying job opportunities in Miami-Dade County, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

Business Resources to help Mitigate Impact on Local Economy in Response to COVID-19

Business Resources to help Mitigate Impact on Local Economy in Response to COVID-19
Small Business Administration (SBA) & Florida Department of Economic Opportunity (DEO)
Activate Assistance to Businesses

(Miami, Fl- March 13, 2020)- The Miami-Dade Beacon Council, the County’s official economic development partnership, is engaged in ongoing dialogue with a variety of agencies and organizations across industry sectors that are working to identify solutions that will help businesses address economic hardships driven by Coronavirus (COVID-19). The U.S. Small Business Administration (SBA) and the Florida Department of Economic Opportunity are in the process of activating disaster relief programs in response to the global pandemic as they work to assess the impact the virus has had on the local economy.

“As we face the challenges that are presented daily by the Coronavirus, our priority continues to be the safety and well-being of our community’s residents and local businesses,” said Michael A. Finney, President & CEO, Miami-Dade Beacon Council. “We will continue to provide the most up-to-date information regarding available resources to make sure our workforce and the business operations of companies large and small have access to available aid and support during these difficult economic times.”

The resources confirmed-to-date are outlined below:

Business Damage Assessment Survey

(Florida Department of Economic Opportunity)
● Managed by the Florida Department of Economic Opportunity (DEO), the Business Damage Assessment Survey will evaluate businesses affected by COVID-19 and the impacts the virus has had on the local economy. The information gathered allows State Government to fully assess the comprehensive impact COVID-19 is having on Florida businesses and industries, then mobilize the appropriate resources to help alleviate those pressures. Area businesses are encouraged to complete the survey, ensuring State government has a thorough understanding of the scope of COVID-19’s impact on Miami-Dade’s economy. The Business Damage Assessment Survey can be taken online at https://floridadisaster.biz/. Results will be shared with state agencies and local partners, including the Small Business Administration (Coronavirus-related aid from SBA detailed below). For inquiries/assistance with the survey, contact Emergency Support Function 18 at ESF18@em.myflorida.com.

U.S. Small Business Administration (SBA):
Disaster Assistance in Response to the Coronavirus

● The SBA is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

● Loans of up to $2 million in assistance per small business and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

● Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

● Loans have long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

Click here to download a handout detailing the SBA’s COVID-19 Disaster Assistance Response. [PDF]

Click here to complete the Florida DEO’s Business Damage Assessment Survey, which can support both the SBA’s disaster loan application process and Florida Emergency Bridge Loan Program (which has not yet been approved for activation).

Click here to download a Sample Economic Injury Worksheet (use as reference/additional support for your application process). [PDF]

Click here to review the SBA’s March 12, 2020 Press Release regarding the assistance they intend to provide to Small Businesses impacted by Coronavirus

● For additional information, please contact the SBA Disaster Assistance Customer Service Center: 1-800-659-2955 (TTY: 1-800-877-8339) or disastercustomerservice@sba.gov.


Short Time Compensation Program

(Florida Department of Economic Opportunity)
● The Short Time Compensation Program is a voluntary employer program designed to help employers maintain their staff by reducing the weekly working hours during temporary slowdowns instead of temporarily laying off employees.

● If an employer establishes a Short Time Compensation Plan and an employee meets the qualifications to file a re-employment assistance claim in the state of Florida, the employee will receive a partial re-employment check to supplement their reduced paycheck.

● EMPLOYERS: To apply for the Short Time Compensation Program (required for employees to submit a re-employment claim), please follow this link to the Employer Login page of CONNECT.

● EMPLOYEES & EMPLOYERS: Click here for more information on the FL DEO’s Short Time Compensation Program.

For questions or concerns please reach out to BeaconHelp@beaconcouncil.com. We also want to understand how COVID-19 is directly impacting your business as this helps us better advocate for support.

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About The Miami-Dade Beacon Council
The Miami-Dade Beacon Council is Miami-Dade County’s official economic development partnership. The not-for-profit public-private organization focuses on job creation and economic growth. Since 1985, the organization has assisted more than 1,000 businesses that have created nearly 70,000 direct jobs and added more than $4.6 billion in new capital investments. It accomplishes this by marketing Miami-Dade as a world-class business location, growing local companies and fostering entrepreneurs, and shaping the County’s economic future. To learn more about The Miami-Dade Beacon Council, visit our website.

Talent Development Network’s CEO for a Day Program Sets the Foundation for Future Business and Community Leaders’ Success

For Immediate Release

Media Contact:

Maria Teresa Garcia

tgarcia@beaconcouncil.com 

Inaugural kick-off event to take place on January 29th at Marlins Park

(Miami, Fl) January 27, 2020- The Talent Development Network (TDN), supported by the Miami-Dade Beacon Council’s One Community One Goal (OCOG) initiative and its Academic Leaders Council (ALC), launches CEO for a Day, a community-wide talent initiative to mentor local students and assist them in developing valuable skills for futures as business or community leaders. The program kicks-off on January 29th at Marlins Park, where CEOs will be matched with local high school and university students in a system modeled after a Major League Baseball draft.

 

The Talent Development Network, operated out of the FIU Office of Engagement, works across the seven Miami-Dade academic institutions associated with OCOG’s ALC and with local industries to promote paid internships in an effort to recruit, develop and retain talent locally. The event will bring together outstanding students from Barry University, Florida International University, Florida Memorial University, Miami Dade College, Miami Dade County Public Schools, St. Thomas University, and University of Miami to be matched with CEOs and C-suite executives from more than 70 local corporates and small businesses including Florida Blue, the Miami Marlins, Microsoft and Uber. Miami-Dade boasts one of the largest educational ecosystems in the US with over half-a-million students attending ALC-member institutions.

 

The Talent Development Network and CEO for a Day are generously supported by the Helios Education Foundation, the Miami Marlins, and AT&T’s Believe Miami.

“Believe Miami combines the commitment and compassion of our employees with the strength of AT&T to help empower Florida’s young people with the skills and support they need to thrive,” said AT&T Florida President Joe York. “And through this initiative, AT&T is proud to support the Talent Development Network in their effort to empower more students to reach their highest potential.”

“Talent is the most important asset for any business,” notes Michael A. Finney, President and CEO of the Miami-Dade Beacon Council. “As we engage with businesses locally, nationally and internationally, we not only highlight the strength and diversity of our existing talent pool, but the strong pipeline that is being supported by every level of our education system. Partnerships with the business sector are instrumental to that development, which is why we are such strong supporters of paid internship programs like TDN and its CEO for a Day initiative.”

 

Event Details

What: Talent Development Network, AT&T, and Marlins Park present CEO for a Day
When: Wednesday, January 29, 2020 | 8:30AM
Where: Marlins Park, The Club: DEX Imaging
501 Marlins Way, Miami, FL 33125

Who: South Florida’s outstanding local university and high school students; South Florida CEOs and C-Suite executives; Miami Academic Leaders Council members.

A special welcome message will be shared by the CEO of the Miami Marlins, MLB Hall of Famer, Derek Jeter.

 

About the Talent Development Network

The One Community One Goal Talent Development Network (TDN) is the collective effort of Miami’s seven major educational institutions – Barry University, Florida International University, Florida Memorial University, Miami Dade College, St. Thomas University, the University of Miami and Miami-Dade County Public Schools. They form the Academic Leaders Council and work alongside Miami’s economic development agency, the Beacon Council, as well as industry partners, to build and retain talent and align academic curriculum with industry needs in South Florida. The Talent Development Network (TDN) is an innovative economic and career development program on a mission to build a robust internship culture in Miami Dade. For more information and to access the TDN Internship Portal: https://home.tdnmiami.com/index.html


About One Community One Goal
One Community One Goal is a roadmap for Miami-Dade County’s future economic development success.  This initiative provides a collaborative platform that promotes community-wide economic development and prosperity in Miami-Dade County, by driving innovation, leveraging strengths, providing clear thought leadership, and coalescing public and private priorities. One Community One Goal brings together a broad spectrum of Miami-Dade organizations, working to advance the goal of a thriving, inclusive and diverse community.

 

 

About the Miami‐Dade Beacon Council

Miami‐Dade Beacon Council is the official economic development organization for Miami‐Dade County. Its mission is to increase jobs and investment through marketing Miami as a world class business destination; helping grow local companies; and shaping Miami’s economic future. Since 1985, the organization has assisted more than 1,000 businesses that have created nearly 70,000 direct jobs and added more than $4.7 billion in new capital investments. A professional staff and volunteer community leaders work to promote Miami as a world‐class 21st century community at the forefront of a changing global economy. For more information: www.beaconcouncil.com