August 2020 Employment Report

Sponsored by:

The numbers analyzed

In August 2020, the not seasonally adjusted unemployment rate in Miami-Dade County was 8.1 percent. The County had a reduction of 75,800 nonagricultural payroll jobs (not seasonally adjusted), from August 2019 to August 2020 which was a 6.2 percentage point decrease. From July 2020 to August 2020, there was an increase of 16,000, which is a 1.4 percent increase of nonagricultural payroll jobs.

Non-agricultural Payroll Jobs

Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (August 2019 with August 2020). The sectors most affected are Leisure & Hospitality (-35,300), Education & Health Services (-10,300), Professional & Business Services (-8,700), Retail Trade (-8,200), Transportation, Warehousing, & Utilities (-3,900), Wholesale Trade (-3,300), and Manufacturing (-3,200). The sectors seeing some improvements in the past 12 months are Total Government (+1,200), Construction (+700), and Financial Activities (+100). The graph below shows the payroll data since August 2018.

From August 2019 to August 2020 there was a reduction of 75,800 non-agricultural payroll jobs. From July 2020 to August 2020 there was an increase of 16,000 non-agricultural payroll jobs.

The change in non-agricultural payroll job between July 2020 and August 2020 shows that several sectors have added jobs, including in sectors that were the hardest hit during the onset of the COVID-19 crisis. These sectors include Total Government (+13,000), Transportation, Warehousing, and Utilities (+2,100), Professional and Business Services (+4,300), Education and Health Services (+1,500), Retail Trade (+1,500). The increase in Total Government can primarily be attributed to faculty and staff reentering the workforce for the new school year.

SectorAugust 2019- August 2020July 2020 – August 2020
Total Government+1,200 (+0.8%)+13,000 (9.7%)
Construction+700 (+1.3%)-1,500 (-2.7%)
Financial Activities+100 (+0.1%)-1,100 (-1.3%)
Information-800 (-3.8%)0 (0%)
Manufacturing -3,200 (-7.5%)0 (+3.7%)
Wholesale Trade-3,300 (-4.5%)-1,100 (-1.5%)
Transportation, Warehousing, & Utilities-3,900 (-4.6%)+2,100 (2.7%)
Other Services-4,200 (-8.5%)+400 (+0.9%)
Retail Trade-8,200 (-5.7%)+1,500 (+1.1%)
Professional & Business Services-8,700 (-4.8%)+4,300 (+2.5%)
Education & Health Services-10,300 (-5.4%)+1,500 (+0.8%)
Leisure and Hospitality-35,300 (-24.4%)-3,100 (-2.8%)

Not seasonally adjusted unemployment rate

The not seasonally adjusted unemployment rate of 8.1 percent compared to last year was 5.5 percentage points higher than the unemployment rate at 2.6 percent in August 2019. Compared to July 2020 there was a 6.4 percentage point decrease from the unemployment rate at 14.5 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since August 2018. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly lower rate from November 2018 through May 2020, at which point the Miami-Dade County unemployment rate tracked higher due to our strong hospitality and tourism industry being impacted by COVID-19. In August 2020, Miami-Dade County’s unemployment rate once again fell below the United States unemployment rate by 0.4 percent.

 

 

 

 

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

August 2020
Unemployment Rate Change (Not Seasonally Adjusted)

Miami-Dade County8.1%+5.5%
Broward County9.3%+6.1%
Palm Beach County8.0%+4.4%
Florida7.7%+4.4%
United States8.5%+4.7%

Seasonally adjusted unemployment rate

 

In August 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 7.6 percent, which is 5.4 percentage points higher than in August 2019.

From the data and analysis above, we continued to observe the negative impact of COVID-19 in our local economy. 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.

Miami-Dade County Proposes Homestead Air Reserve Base as Site for U.S. Space Command Headquarters

On May 14, 2020, the United States Air Force announced an open bidding process to select the future location of U.S. Space Command Headquarters (USSPACECOM). Established in December 2019, USSPACECOM is designed to focus on defending U.S. interests in Space. Provisional headquarters are located at Peterson Air Force Base in Colorado Springs, Colorado, with plans to move to a permanent location in the next five years. With the endorsement of Governor Ron DeSantis, Miami-Dade County is one of eight qualified communities in the State of Florida selected for the Basing Evaluation Phase of the bidding process for USSPACECOM’s permanent headquarters.

July 2020 Employment Report

Sponsored by:

The numbers analyzed

During July 2020, the not seasonally adjusted unemployment rate in Miami-Dade County was 14.2 percent. From July 2019 to July 2020, the County had a reduction of 75,900 nonagricultural payroll jobs (not seasonally adjusted), which indicate a 6.3 percentage point decrease. From June 2020 to July 2020, there was a reduction of 7,700, which is a 0.7% decrease of nonagricultural payroll jobs.

Non-agricultural Payroll Jobs

Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (July 2019 with July 2020). The sectors most affected are Leisure & Hospitality (-32,400), Professional & Business Services (-12,300), Education & Health Services (-9,500), Retail Trade (-9,400), Transportation, Warehousing, & Utilities (-5,900), Other Services (-3,300), and Manufacturing (-2,900). The sectors seeing some improvements in the past 12 months are Construction (+1,500), and Financial Activities (+1,400). The graph below shows the payroll data since July 2018.

From July 2019 to July 2020 there was a reduction of 75,900 non-agricultural payroll jobs. From June 2020 to July 2020 there was a reduction of 7,700 non-agricultural payroll jobs.

The change in non-agricultural payroll job between June 2020 and July 2020 shows that several sectors have added jobs, including in sectors that were the hardest hit during the onset of the COVID-19 crisis. These sectors include Other Services (+1,700), Manufacturing (+1,400) and Retail Trade (+1,000).

SectorJuly 2019- July 2020June 2020 – July 2020
Construction+1,500 (+2.8%)-1,300 (-2.3%)
Financial Activities+1,400 (+1.7%)+400 (+0.5%)
Information-300 (-1.5%)-500 (-2.4%)
Total Government-400 (-0.3%)-1,000 (-0.7%)
Wholesale Trade-2,500 (-3.4%)-600 (-0.8%)
Manufacturing -2,900 (-6.8%)+1,400 (+3.7%)
Other Services-3,300 (-6.5%)+1,700 (+3.7%)
Transportation, Warehousing, & Utilities-5,900 (-7.0%)+100 (+0.1%)
Retail Trade-9,400 (-6.6%)+1,000 (+0.8%)
Education & Health Services-9,500 (-5.1%)-900 (-0.5%)
Professional & Business Services-12,300 (-6.8%)-1,700 (-1.0%)
Leisure and Hospitality-32,400 (-22.6%)-6,300 (-5.4%)

Not seasonally adjusted unemployment rate

The not seasonally adjusted unemployment rate of 14.2 percent compared to last year was 11.6 percentage points higher than the unemployment rate at 2.6 percent in July 2019. Compared to June 2020 there was a 2.4 percentage point increase 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 July 2018. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018 through May 2020. In July 2020, Miami-Dade County’s unemployment rate is 3.7 percentage points higher than the United States.

 

 

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

July 2020
Unemployment Rate Change (Not Seasonally Adjusted)

Miami-Dade County14.2%+11.6%
Broward County13.1%+9.8%
Palm Beach County11.6%+8.0%
Florida11.5%+8.1%
United States10.5%+6.5%

Seasonally adjusted unemployment rate

 

In July 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 13.9 percent, which is 11.6 percentage points higher than in July 2019. 

From the data and analysis above, we continued to observe the impact of COVID-19 in our local economy. 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.

Women-led BodyK Proves Concierge, On-site COVID-19 Testing Is the Preference for South Florida

Miami, Florida – BodyK is providing peace of mind to members of the community by leading the charge with on-site COVID-19 testing in Miami-Dade County. Offering a variety of tests related to the coronavirus pandemic, BodyK’s test results have shorter lead times and are performed wherever the need may be, such as a private home, residential building, corporation, or school. Tests offered include the COVID-19 PCR Nasal Swab test, the Rapid COVID-19 Antibody test, and the DBS COVID-19 Quantitative Antibody test.

BodyK, Empresa Dirigida Por Mujeres, Demuestra Que Su Servicio Concierge De Pruebas COVID-19, Es El Preferido Por El Sur De La Florida

Miami, Florida – BodyK ha traído tranquilidad a los miembros de la comunidad de Miami-Dade tomando el liderazgo de las pruebas COVID-19 en locación. Ofreciendo una variedad de pruebas relacionadas a la pandemia del coronavirus, los resultados de BodyK tienen tiempos de entrega más cortos, y son realizados donde sea necesario para comodidad del cliente y disminución de riesgos, sea en casas privadas, edificios residenciales, corporaciones, o en escuelas. Las pruebas ofrecidas incluyen COVID-19 PCR Hisopo Nasal, la prueba Rápida de Anticuerpos, y la prueba cuantitativa de Anticuerpos DBS.

One of A Kind Floating Space Comes to Miami

Built From a Recycled Shipping Container, Blue Space Brings a New Waterfront Wellness Experience to Brickell

(Miami, FL– August 17, 2020) – Blue Space provides a waterfront wellness experience that promises to transport city dwellers from the daily grind to a clearer, calmer mind—a “Blue Mind.”  A floating space with three glass walls, guests can feel like they are one with the water.

Founders JP Aramouni and Alex Ciklik, both ex-Uber operators,  selected Miami as the launch pad for Blue Space due to its residents’ proven commitment to health and wellness. This year, Business Insider rated Miami the “healthiest city in the US.”  With Blue Space, residents and wellness entrepreneurs can now take their healthy lifestyle to the next level.

“Blue Space not only provides an alternative safe space to disconnect but also empowers local wellness entrepreneurs to provide an elevated mindful experience for their clients,” said JP Aramouni, co-founder of Blue Space. “We’ve already seen an uptake from a group of entrepreneurs using Blue Space as a platform to build their brands in an affordable and flexible way.”

The fully-equipped 360sqft space, built from a recycled shipping container, was inspired by research conducted by marine biologist Dr. Wallace J. Nichols, author of Blue Mind: The Surprising Science That Shows How Being Near, In, On, or Under Water Can Make You Happier, Healthier, More Connected, and Better at What You Do.  With mental health as a critical concern and over 80% of Americans reporting managing stress on a daily basis, Blue Space hopes to be part of the solution by pairing water with wellness.

The “Mindful Movement,” which includes yoga, meditation, journaling, breath work and other wellness activities, has morphed into a 52-billion-dollar industry in the United States and is expected to grow by 12% by 2023. Blue Space envisions becoming a conduit for the mindful movement as it continues to grow and expand by finding sustainable solutions that connect people to nature.

“Blue Space embodies the best of Miami – creativity, entrepreneurial spirit, community, and a commitment to resiliency and wellness – all anchored in a waterfront setting that really sets it apart,” said Michael A. Finney, President & CEO, Miami-Dade Beacon Council.  “Their unique model offers individuals and companies the opportunity to bring some of what make this city special into their next event, whether that’s a business meeting, a wellness class or an intimate dinner.”

Blue Space is bookable by the hour and is currently live at Vice City Marina in Brickell, with plans to expand to other major U.S. cities soon. To book Blue Space, please visit the website.

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About Blue Space

Blue Space transforms underutilized urban waterfront spaces into tech-enabled wellness hubs designed to elevate wellness experiences. A getaway to an elevated state of mindfulness, Blue Space offers a chance to disconnect from the daily grind and recharge by connecting to the healing elements of the water.

To learn more about Blue Space visit the website.

Miami-Dade Beacon Council’s Technology Committee Introduces Project ‘1MPACT’, an Initiative Identifying and Addressing Priorities for Local Recovery Efforts

Surveys helped identify three priorities where tech and innovation partners could unite to provide solutions that contribute to the County’s talent development and economic recovery

(Miami, FL– August 13, 2020) – The Miami-Dade Beacon Council’s Technology Committee today announced the launch of ‘1MPACT’, a series of initiatives dedicated to creating impactful projects in support of our County’s recovery and talent development.  This was created as a response to the COVID-19 pandemic, with the intention of fostering innovative ways of contributing to the business community’s recovery efforts.

At the onset of COVID-19, Yuda Saydun, President of CyVent Cybersecurity and Technology Committee Chair at Miami-Dade Beacon Council, pivoted the group’s on going activities to launch an Initiative that would bring to bear the talents and resources of the innovation ecosystem in our local recovery in a manner that would engage the local community to provide tangible, relevant and immediate results.  To ensure broad engagement, a series of surveys and conversations with Technology Committee members and local business leaders sought to identify and determine some of the most pressing pain points to aid our County’s recovery efforts.

The feedback resulted in selecting three high-level priorities that led to the creation of ‘1MPACT’: a challenge to design and implement a small number of impactful projects executed over a 3-month sprint. To deliver on the priorities identified, the Technology Committee stood up  sub-committees to design, deliver and launch three projects:  a new data-driven business tool – the Distancing Detector (SDD) ;  a one-stop-shop portal to assist displaced workers looking to upskill, reskill and succeed within the current and new market demands – MiamiTech.Works; and a regional collaboration by Florida International University (FIU), Miami Dade College (MDC) and the University of Miami (UM) for a workshop to develop Post Disaster Smart Response and Resilience in Critical Infrastructure, Security, and Data.

“This is a great example of the Beacon Council’s role in the community, acting as a multiplying force in terms of establishing priorities, opening doors, bringing together the public and private sectors, building bridges, generating enthusiasm and energizing coalitions that move the needle for the benefit of all,” said Yuda Saydun, President of CyVent  Cybersecurity and Technology Committee Chair at Miami-Dade Beacon Council. “In all three sub-committees, the levels of commitment, care, and enthusiasm were as remarkable as spontaneous. Each of the projects was driven by brilliant volunteers within tight deadlines and an unwavering view to deliver pragmatic, timely, relevant results.”

The Social Distancing Detector (SDD)

As part of the priorities identified through the surveys, Social Distancing Detector, a new data-driven business tool developed by one of the sub-groups, leverages the latest in machine learning and computer vision techniques to identify adherence of social distancing guidelines. This tool is an open-source, free to the public technology that focuses on helping physical locations better manage their spaces for safety and health. SDD is able to analyze a video feed in real-time and identify people working, walking, or standing in the subject area. It dynamically measures the space to understand size, proportions and distance to ensure all people identified are in a safe distance from each other. This tool was developed at a zero-cost option during these unprecedented and difficult times and is readily available for small or large businesses in Miami-Dade County. In addition, the Technology Committee’s sub-group lead will be hosting two IT Workshops to assist individuals, companies, and government institutions to implement this tool and related solutions.

“We wanted to directly address the impact COVID-19 had on our regional economy, bringing our tourism, retail, and commercial centers to a near halt. Through technological innovation, we’re using the latest Artificial Intelligence and Computer Vision Science to enable businesses to reopen safely, effectively, and without driving any additional operational cost,” said Charles Irizarry, CEO & Co-Founder of Strata.ai.

 

MiamiTech.Works Online Portal

Modeled after General Assemb.ly’s efforts in other markets, the second initiative identified, MiamiTech.Works, is a one-stop-shop portal created by a coalition of Miami’s business, education and government leaders combining resources to help local citizens impacted by the economic slowdown from Coronavirus. The portal’s main objective is to connect those recently laid off or facing reduced working hours with local reskilling opportunities, personalized career development coaching and one-on-one access to hiring managers of companies currently hiring. The portal is set to launch today with a tentatively 3-month pilot. Key partners include General Assemb.ly, CareerScore, 4Geeks Academy, Benjamin Douglas, Kaseya, FIU, Ironhack, Miami-Dade Beacon Council, Miami Dade College, Microsoft, Singularity University: Miami Chapter, University of Miami and Wyncode.

“We believe that the new MiamiTech.Works portal, a one-stop shop for those seeking upskilling, reskilling and (re-)employment opportunities, will add tremendous value for those impacted during the current socio-economic environment. I am thrilled to see our amazing coalition partners come together to provide such great resources for our growing tech community,” stated Ken Finneran, VP, Global Human Resources, of Kaseya.

 

Regional Security Workshop

The third priority—cybersecurity—is being addressed cooperatively by three academic partners hosting a regional security workshop: University of Miami, Florida International University and Miami Dade College.  The workshop will bring together key stakeholders dealing with critical infrastructure resources in South Florida to discuss and address the most pressing cybersecurity issues. The goal of the workshop is to explore and enable smarter response techniques and more resilient critical infrastructure components that involve cybersecurity and data.

“We are very excited to join forces as part of the ‘1MPACT’ initiative from the Beacon Council. This collaboration will elevate South Florida as a regional hub for cybersecurity education and talent. The first workshop announced today will be a great opportunity to bring together industry leaders, practitioners and students,” said Antonio Delgado, Dean of Engineering, Technology and Design at Miami Dade College.

 

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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-Dade’s economic future. Since 1985, the organization has assisted more than 1,200 businesses to expand in or relocate to Miami-Dade creating over 100,000 direct and indirect jobs combined and driving more than $6.6 billion in new capital investments. A professional staff and volunteer community leaders work together to promote Miami-Dade as a world‐class 21st century community at the forefront of a changing global economy. For more information: www.beaconcouncil.com.

 

Miami Selected as Future Home of Emerging Global Real Estate Video Stream Platform WPC TV

(Miami, Fl-July 22, 2020) – Veteran media and technology entrepreneur Michael Gerrity announced today that downtown Miami will become the future headquarters of his new global real estate video streaming platform launching next year called WORLD PROPERTY CHANNEL TV, also known as “WPC TV” (www.WPC.tv).

Michael Gerrity

The platform, which is slated to launch in Q4 of 2021, plans to produce original daily real estate news programming covering market wrap-up reports on a global basis. WPC TV will also license existing real estate, lifestyle, shopping, investing and travel television programming to offer through its subscription-based streaming platform.

“Miami is absolutely the right place to build and launch our direct-to-consumer real estate streaming platform, given its massive international real estate market activities and global audience appeal that directly aligns with our future international real estate news and lifestyle video programming models,” says Gerrity. “With the extreme growth and success of Netflix, Amazon PRIME and Disney+ over the last few years, the time has now come for a dedicated niche video streaming platform just for the global real estate industry. Given the scale and size of the global real estate audience and market potential, we believe WPC TV could become Miami’s next unicorn tech company in the coming years with millions of monthly subscribers enjoying our streaming service.”

The company also plans a private $100 million private funding round commencing in Q4 of 2020 that will provide the financial basis to begin building the company’s initial 10,000 square foot news broadcast center and headquarters in the downtown / Brickell area of Miami in Q1, 2021.

Michael A. Finney, President and CEO of the Miami-Dade Beacon Council added “Miami-Dade is an attractive destination for production. Not only do we have a diverse talent base, but we have the infrastructure and multiple locations for these projects. According to Miami-Dade County Office of Film and Entertainment, this industry has an annual impact of over $1 billon into our local economy and over 3,000 companies working in film and entertainment are located here including Telemundo, Univision, to name a few.  With projects like WPC TV, we continue to position Miami as the ideal location for forward thinking technology platforms.”

“We are excited at the opportunity to bring a new streaming platform to Miami-Dade. This will position Miami-Dade to attract more streaming service platforms and the infrastructure and jobs that come with it,” said Sandy Lighterman, Film and Entertainment Commissioner, Miami-Dade County Office of Film and Entertainment.

 

About WORLD PROPERTY CHANNEL TV

WORLD PROPERTY CHANNEL TV (“WPC TV”) is an emerging direct-to-consumer global real estate video streaming platform.  The company is a wholly owned subsidiary of World Property Media Group (WorldPropertyMedia.com), which is also the parent company of THE WORLD PROPERTY JOURNAL (WorldPropertyJournal.com) digital real estate newspaper that has been based in Miami since October of 2010.

 

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-Dade’s economic future. Since 1985, the organization has assisted more than 1,200 businesses to expand in or relocate to Miami-Dade creating over 100,000 direct and indirect jobs combined and driving more than $6.6 billion in new capital investments. A professional staff and volunteer community leaders work together to promote Miami-Dade as a world‐class 21st century community at the forefront of a changing global economy. For more information: www.beaconcouncil.com.

 

June 2020 Employment Report

Sponsored by:

 

The numbers analyzed

In June 2020, the not seasonally adjusted unemployment rate in Miami-Dade County was 11.5 percent. The County had a reduction of 73,800 nonagricultural payroll jobs (not seasonally adjusted), from June 2019 to June 2020 which was a 6.1 percentage point decrease. However, from May 2020 to June 2020, there was an increase of 36,300 nonagricultural payroll jobs.

Non-agricultural Payroll Jobs

Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (June 2019 with June 2020). The sectors most affected are Leisure & Hospitality (-26,400), Education & Health Services (-11,500), Retail Trade (-11,200), Professional & Business Services (-9,300), Transportation, Warehousing, & Utilities (-6,000), Other Services (-4,700), and Manufacturing (-3,700). The sectors seeing some improvements in the past 12 months are Construction (+2,000), Financial Activities (+400), and Information (+100). The graph below shows the payroll data since June 2018.

From June 2019 to June 2020 there was a reduction of 73,600 non-agricultural payroll jobs. From May 2020 to June 2020 there was an increase of 36,300 non-agricultural payroll jobs.

The change in non-agricultural payroll jobs between May 2020 and June 2020 show that several sectors have begun adding jobs, including those sectors that were the hardest hit during the onset of the COVID-19 crisis. Leisure & Hospitality (+24,200), Retail Trade (+7,400), Professional & Business Services (+4,600), Other Services (+3,000), and Manufacturing (+2,600).

SectorJune 2019- June 2020May 2020 – June 2020
Construction+2,000 (+3.8%)+1,000 (+1.8%)
Financial Activities+400 (+0.5%)+800 (+1.0%)
Information+100 (+0.5%)0 (0.0%)
Total Government-800 (-0.6%)-9,600 (-6.7%)
Wholesale Trade-1,900 (-2.6%)+900 (+1.3%)
Manufacturing -3,700 (-8.7%)+2,600 (+7.2%)
Other Services-4,700 (-9.3%)+3,000 (+7.0%)
Transportation, Warehousing, & Utilities-6,000 (-7.2%)+600 (+0.8%)
Professional & Business Services-9,300 (-5.1%)+4,600 (+2.8%)
Retail Trade-11,200 (-7.9%)+7,400 (+6.0%)
Education & Health Services-11,500 (-6.1%)+800 (+0.5%)
Leisure and Hospitality-26,400 (-18.3%)+24,200 (+25.9%)

 

Not seasonally adjusted unemployment rate

The not seasonally adjusted unemployment rate of 11.5 percent compared to last year was 9.0 percentage points higher than the unemployment rate at 2.5 percent in June 2019. Compared to May 2020 there was an 0.5 percentage point decrease from the unemployment rate at 12.0 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since June 2018. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018 through May 2020. In June 2020, Miami-Dade County’s unemployment rate is 0.3 percentage points higher than the United States.

 

 

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

June 2020
Unemployment Rate Change (Not Seasonally Adjusted)

Miami-Dade County11.5%+9%
Palm Beach County10.4%+6.9%
Broward County11.8%+8.6%
Florida10.7%+7.4%
United States11.2%+7.4%

 

Seasonally adjusted unemployment rate 

In June 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 11.2 percent, which is 8.8 percentage points higher than in June 2019. From June 2019 to June 2020 there was a reduction of 73,600 nonagricultural payroll jobs. From May 2020 to June 2020 there was an increase of 54,700 nonagricultural payroll jobs.

From the data and analysis above, we continue to observe the negative impact of COVID-19 in our local economy. Nevertheless, the community needs to remain focused on job-creation 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.

Miami-Dade County Among Nominees for U.S. Space Force Command Headquarters

FOR IMMEDIATE RELEASE

Media Contact: Tere Garcia

tgarcia@beaconcouncil.com
(305) 335-8894

 

Mayor Carlos A. Gimenez’s nomination endorsed by Governor Ron DeSantis and submitted to U.S. Air Force for consideration

 

(Miami, FL– July 9, 2020) – Mayor Carlos A. Gimenez, the Miami-Dade Board of County Commissioners and the Miami-Dade Beacon Council worked together to nominate Miami-Dade County as a potential site for the headquarters of the United States Space Command (USSPACECOM). Florida Governor Ron DeSantis endorsed and submitted a total of eight (8) nominations from communities across the state including Jacksonville, Pensacola, Brevard County, Orange County, Pinellas County, Seminole County, a joint proposal from Tampa and Hillsborough County and Miami-Dade County.

“We are proud and honored that Governor DeSantis has endorsed our submission,” said Mayor Gimenez. “Our County has the highly skilled workforce, the resources, the military installation and the technological capacity to meet the stringent screening and evaluation criteria of these new headquarters for the United States Space Command.”

In December 2019, President Trump signed a law that established Space Force as a separate branch of the U.S. military. In May 2020, Assistant Secretary of the Air Force John Henderson outlined the criteria required from communities that want to be considered as headquarters for Space Force’s central command; these include being located within 25 miles of a military installation, ranking among the top 150 largest Metropolitan Statistical Areas (MSAs) in the U.S., and scoring a 50 or higher out of 100 on the American Association of Retired Persons Public Policy Institute’s Livability Index.

Miami-Dade fares well, meeting many of the government’s criteria as outlined. Already home to United States Southern Command, Special Operations Command South, and Homestead Air Reserve Base, Miami is the 7th largest MSA in the country, and boasts a high livability index score (rating great neighborhoods, clean air and water, civic/social involvement, and inclusive opportunities)important criteria when being considered as a location. A multi-faceted region with robust urban centers as well as suburban markets, Miami-Dade offers a variety of sites that are well-suited for USSPACECOM’s needs – all easily accessible to South Florida’s highly educated and diverse workforce of more than 3 million.

“As the Chairman of the Military Affairs Board and Military liaison for Miami- Dade County, when I became aware that the U.S. Air Force was reopening the competition for the new U.S. Space Command, I knew Miami-Dade needed to be included in these conversations,” said Miami-Dade County Commissioner Jose “Pepe” Diaz. “The Space Command would be a perfect fit for the 1,400 military and civilian personnel who would call the Command center home, which is why I am currently working on legislation to help bring the U.S. Space Command to Miami-Dade County.”

As the economic engine of the third largest state, Miami-Dade County has built a modern and resilient infrastructure that supports an international business community of more than 1,400 multinational corporations, a leading airport (#1 for International Freight in U.S.) and seaport (#1 Container Port in Florida) that directly connect passengers and cargo to global hubs. A dynamic start-up community ranked #1 in U.S. by the Kauffman Foundation and expanding innovation ecosystem further position Miami-Dade as a strong competitor for USSPACECOM’s headquarters.

We look forward to competing for the headquarters of United States Space Command . Working together with Governor DeSantis, Space Florida and Miami-Dade County leadership, we are excited to demonstrate why Miami-Dade is a smart, safe, and serious location for Space Force and any other businesses looking for an innovative global market with incredibly diverse talent,” said Hugo Castro, Executive Vice President, Equitable Advisors South Florida Branch and Chair of the Miami-Dade Beacon Council.

Nominees are graded on a series of criteria including the local workforce, infrastructure, community support for military families and local construction costs – all areas where Miami-Dade excels.  Additionally, Florida is currently home to three combatant commands and more than 20 military installations. The State’s defense and aerospace ecosystem provides unique capabilities and opportunities that USSPACECOM could tap into from a South Florida command center.

 The next step in the strategic basing process, as outlined by the Air Force, is an evaluation phase with an iterative process wherein communities will respond to robust questionnaires issued by the Air Force. Final selection is expected in early 2021.

Original letter from the Department of the Air Force requesting self-nominations and the U.S. Space Command Criteria Overview can be found here: https://bit.ly/USSPACECOMCriteria

 

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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-Dade’s economic future. Since 1985, the organization has assisted more than 1,200 businesses to expand in or relocate to Miami-Dade creating over 100,000 direct and indirect jobs combined and driving more than $6.6 billion in new capital investments. A professional staff and volunteer community leaders work together to promote Miami-Dade as a world‐class 21st century community at the forefront of a changing global economy. For more information: www.beaconcouncil.com.