Gov. Scott: Miami Metro Area Sees Decrease in Unemployment Rate and Job Growth in August

Today, Governor Rick Scott announced that the Miami-Miami Beach-Kendall metro area’s unemployment rate has declined by 1.3 percentage points over the year, from 9.7 percent in August 2012 to 8.4 percent in August 2013. The Miami metro area also experienced an increase in total nonagricultural employment in August with 2,900 jobs over the year.

Governor Rick Scott said, “The job growth in the Miami metro area again demonstrates that our job-creating policies to diversify and strengthen the economy are working. These 2,900 new jobs mean more Florida families are getting back to work.”

The Miami metro area has experienced 38 consecutive months of positive over-the-year job growth. In August 2013, the Miami metro area was among the top four metro areas in Florida for gains over the year in trade, transportation, and utilities, in leisure and hospitality, and in financial activities. The Manpower Employment Outlook Survey for the fourth quarter of 2013 indicates that Miami metro area employers expect to hire at an encouraging pace during Quarter 4 2013. Thirteen percent of the companies interviewed plan to hire more employees.

Housing starts were up by 36.3 percent over the year in the Miami metro area in July 2013. The Miami metro area had the third-highest online job demand in Florida in August 2013 with 31,859 openings and had the third-highest number of openings for STEM occupations in August 2013 with 6,644 online ads. STEM is an acronym for science, technology, engineering and mathematics, and these jobs are considered high wage and high skill.

In August, the South Florida Workforce Investment Board along with the state’s other 23 Regional Workforce Boards reported more than 41,000 Floridians were placed in jobs. This represents an increase of nearly 12,000 placements over the year from August 2012. 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, 11,967 previously received Reemployment Assistance. In 2012, more than 426,000 Floridians were placed in jobs, with nearly 111,173 former claimants finding employment.

Florida’s unemployment rate decreased to 7.0 percent in August 2013, down from 7.1 percent in May, June, and July 2013, and down 4.1 percentage points since December 2010. The statewide unemployment rate has remained below the national average of 7.3 percent for the sixth consecutive month. Florida has created 365,500 private sector jobs since December 2010.

To view the August 2013 monthly employment data, visit:

www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

 

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