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Miami-Dade County Labor Market Report
The Labor Market Report is a quarterly publication that identifies current labor market conditions and trends. The reports cover key indicators of the labor market, such as payroll employment by major industry sectors and household labor force participation and unemployment rates.
The reports provide the latest data release from the Federal Bureau of Labor Statistics and the state Agency for Workforce Innovation, along with an analysis of the key factors driving changes of our local labor market and comparisons with other areas.
- The Miami-Dade County Unemployment Rate in the third quarter was 4.1%, down from 4.7% a year earlier.
- There were 57,724 residents unemployed in the third quarter, about 7,600 fewer than the third quarter of last year.
- Total nonfarm employment grew 2.8% over the last year to total 1.2 million workers in 2018: Q3.
- The fastest growing industries year over year were Construction, up 17.1%, Manufacturing, up 16.6%, and Transportation, Warehousing and Utilities.
- Miami-Dade average weekly earnings fell from $818.95 in 2017: Q3 to $805.94 in 2018: Q3.
- Average weekly hours worked in Miami-Dade increased from 34.1 hours per week a year ago to 35.3 hours per week in 2018: Q3. However, the third quarter last year included the impacts from Hurricane Maria.
One Community-One Goal Industry Clusters:
- The fastest growing targeted industries identified in the One Community-One Goal initiative in terms of employment growth were Information Technology, up 5.6%, Aviation and Trade and Logistics, both up 3.8%, and Hospitality and Tourism, up 3.3%
- The highest average annual wages were found in International Banking and Finance at $106,600, Information Technology at $96,600, and Creative Design at $77,100.
- Life Sciences and health Care lead the way with 8,100 Miami-Dade establishments, followed by Hospitality and Tourism, 7,200 establishments, and International Banking and Finance with 4,500 establishments.
- 2016: Gross Regional Product and Productivity (2.8 MB)
This issue focuses on measuring 2016 Gross Regional Product and output per worker for Miami-Dade County and major economic sectors using data released December 2017.
- 2015: Gross Regional Product and Productivity (4.5 MB)
This issue focuses on measuring Gross Regional Product and output per worker for Miami-Dade County as of 2015.
- 2013: Employment by Sector
This issue focuses on how the Miami-Dade economy has evolved, comparing May 2007, May 2010 and May 2013, based on employment by sector.
- 2011: Unemployment Increases to a Record High
This issue focuses on the unemployment rate that increased to a record level recently. In addition, a comparison with the corresponding rates of the nation, state and the neighboring South Florida counties, as well as for the municipalities within Miami-Dade County is provided.
- 2009: Unemployment
This issue focuses on the unemployment rate that rapidly increased over the past several months. In addition, it explores this rate over the past 20 years, by demographic characteristics, and by municipality.
- 2008: Employment
What have been the employment trends in Miami-Dade County? Has the local economy been able to provide more jobs and higher levels of employment? What has happened to the unemployment rate? These are some of the questions that are examined in this issue.
Data Flash Reports
- 2017 Revisions to Miami-Dade County Labor Market Data (1.10 MB) This issue looks at the most recent revisions made to the 2012 to 2016 Miami-Dade County labor market data by the U.S. Bureau of Labor Statistics and released this month. These revisions are made annually to reflect more complete data and updates to the parameters of the economic model.
- Employment Growth and Wages in Miami-Dade County (1.15 MB) This report looks at private employment growth by industry and wage from 2010 through 2015 in order to identify the financial quality of private jobs being added to the County economy.
- 2016: Wage and Growth Comparisons for Miami-Dade Industries – 2014-15 This issue compares State of Florida and Miami-Dade County industries in terms of wage levels and growth rates for the period 2014 to 2015.
- 2015: Population Not in the Labor Force
This report explores the Miami-Dade labor force data to explain the observed increase in the share of the working age population leaving the labor force. It concludes that this increase does not result primarily from weakness in the economy but rather from the long-run trend of boomers entering retirement.
- 2015: Miami-Dade County Labor Market (2.52 MB)
This issue provides a brief mid-quarter (August) look at household and payroll labor force data from the Bureau of Labor Statistics.
- 2015: Labor Force, Employment, and Unemployment in Miami-Dade County (1.30 MB)
- 2010: Rising Unemployment in Miami-Dade County
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