Gov. Scott: Fort Lauderdale Metro Area Gained 24,100 Jobs Over the Year

Today,Governor Rick Scott announced that the Fort Lauderdale-Pompano Beach-Deerfield Beach metro area gained 24,100 jobs, the fourth highest number of jobs in January 2014 among all metro areas in Florida compared to a year ago. The Fort Lauderdale metro area’s unemployment rate declined by 1.8 percentage points over the year, from 7.1 percent in January 2013 to 5.3 percent in January 2014. The metro area’s unemployment rate in January 2014 was the third lowest in the state.

Governor Scott said, “This is great news for families that the Fort Lauderdale metro area added 24,100 jobs over the year and their unemployment rate is down to 5.3 percent. We are working to create an opportunity economy and this is another great chapter in Florida’s turnaround story, so let’s keep working.

All ten major industry sectors in this metro area gained jobs over the year in January 2014. The industries with the largest job gains over the year were in trade, transportation, and utilities with 5,800 new jobs, professional and business services with 3,500 new jobs, and leisure and hospitality with 3,500 new jobs.

In January 2014, the Fort Lauderdale metro area was among the top five metro areas in Florida for online job demand with 18,652 openings and ranked fourth for STEM job openings with 4,864 job ads. STEM is an acronym for science, technology, engineering and mathematics, and these jobs are considered high wage and high skill.

In January, CareerSource Broward, along with the state’s other 23 Regional Workforce Boards, reported more than 38,800 Floridians were placed in jobs. An individual who receives employment and training assistance through a One-Stop Career Center and finds a job within 180 days is deemed a placement and may be reported by a regional workforce board. Of these individuals, 10,106 previously received Reemployment Assistance. In 2013, more than 479,064 Floridians were placed in jobs, with 135,384 former claimants finding employment.

Florida’s statewide unemployment rate for January 2014 was 6.1 percent, the lowest unemployment rate in the state since June 2008. Florida’s statewide unemployment rate has been below the national unemployment rate since August 2013, which was 6.6 percent in January. Since December 2010, Florida has gained 503,500 private sector jobs.

Every March, U.S. Department of Labor, Bureau of Labor Statistics (BLS) releases revised historical employment (jobs) and unemployment rates based on a benchmarking process to adjust the data. These benchmark revisions are mandated by BLS and take place this time every year in every state. The benchmark revisions represent an annual change in the level of employment or re-anchoring of survey estimates to actual employment counts from Reemployment Assistance tax records. This process also introduces new population inputs from the most recent Census and other revisions to economic data which leads to changes in the original estimates.

Employment data for February 2014 will be released on March 28, 2014. To view the January 2014 employment data visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

 

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