Positive Job News for Florida
WalletHub, a personal finance site, recently studied job markets and economic environments across the United States. They looked at 24 different metrics including job opportunity, employment growth, industry variety, and job satisfaction. Our wonderful home of Florida landed as the 10th best state for jobs and the 4th best for economic environment. Even closer to the TransHire home, an earlier WalletHub study marked Miami as the 12th best city for jobs!
Furthermore, South Florida has maintained its lowest unemployment rate in a decade. Miami-Dade’s rate was 4.6% in May, compared to 5.1% during the same month a year ago. Broward’s rate was 3.8% last month, compared to 4.3% a year ago, and Palm Beach County’s rate was 3.9%, compared to 4.4% last year.
In the WalletHub study, Florida ranked 21st for monthly average starting salary. According to Mekael Teshome, Florida economist for PNC Bank, the state is especially strong right now in business and professional jobs. Florida is adding more jobs that are paying are paying well so we may see an increase in that ranking over time. Overall, Florida added 228,000 jobs over the year, a 2.7% growth.
In May, Broward had a 3.8% increase in jobs over the past year with 11,700 business and professional service jobs, 6,400 education and health service jobs, 3,400 leisure and hospitality jobs, 3,300 construction jobs, 2,800 trade, transportation, and utility jobs, 2,200 government jobs, 1,200 jobs in other services, and 400 in manufacturing jobs. The financial industry lost 300 jobs.
Miami-Dade County had a 2.3% increase in jobs over the past year with 6,300 education and health jobs, 5,200 trade, transportation, and utility jobs, 5,000 leisure and hospitality jobs, 3,700 business and professional service jobs, 2,600 government jobs, 2,600 jobs in other services, and 1,500 construction jobs. The information industry lost 200 jobs and the manufacturing and financial industries each lost 100.
Palm Beach County had a 2.4% increase in jobs over the past year with 4,300 leisure and hospitality jobs, 3,800 business and professional service jobs, 2,800 construction jobs, 2,300 education and health service jobs, 1,200 government jobs, 800 jobs in other services, 500 trade, transportation, and utility jobs, and 400 manufacturing jobs. They lost 1,200 jobs in the financial industry and 200 in information over the past year.
You can find TransHire for your staffing and employment needs at one of our two South Florida locations. Questions? Call our Miami-Dade office at 305-826-3441 or our Broward County location at 954-484-5401.