Gov. Scott: Fort Lauderdale Unemployment Rate Down to 5.4 percent

Today,Governor Rick Scott announced that the Fort Lauderdale metro area’s unemployment rate declined by 1.1 percentage points over the year, from 6.5 percent in February 2013 to 5.4 percent in February 2014. The Fort Lauderdale-Pompano Beach-Deerfield Beach metro area gained 24,800 jobs, the fourth highest number of jobs in February 2014 among all metro areas in Florida compared to a year ago. The metro area’s unemployment rate in February 2014 was the third lowest in the state.

Governor Scott said, “The unemployment rate is down to 5.4 percent and 24,800 jobs were added over the year, this is great news for families in the Fort Lauderdale area. We are working to create an opportunity economy, where anyone who wants a job can get one, and this is another great step 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 February 2014. The industries with the largest job gains over the year were in trade, transportation, and utilities with 7,700 jobs new jobs, professional and business services with 4,200 new jobs, and leisure and hospitality with 3,500 new jobs.

In February 2014, the Fort Lauderdale metro area was among the top five metro areas in Florida for online job demand with 23,419 openings and ranked fourth for STEM job openings with 5,125 job ads. STEM is an acronym for science, technology, engineering and mathematics, and these jobs are considered high wage and high skill.

In February, CareerSource Broward, along with the state’s other 23 Regional Workforce Boards, reported more than 37,900 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, 9,620 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 February 2014 was 6.2 percent, the lowest unemployment rate in the state since June 2008. The rate held steady to the revised January 2014 rate of 6.2 percent. Florida’s statewide unemployment rate has been below the national unemployment rate since August 2013, which was 6.7 percent in February 2014. Since December 2010, Florida has created 540,700 private sector jobs.

To view the February 2014 employment data visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

 

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