Miami-Dade County Labor Market Reports

The Labor Market Report is a monthly 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, including labor force 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 on our local labor market.

The 2014 1st Quarter report shows:

• Nonfarm payrolls added 28,600 jobs (+2.7%) in in the 1st quarter of 2014 from a year ago after seasonal adjustment. The private sector gained 30,300 jobs (+3.3%) while the government sector lost 1,600 jobs ( 1.2%). The strongest gains occurred in construction (+5.7%), manufacturing (+5.4%), retail trade (+5.7%), professional and business services (+3.6%), leisure and hospitality (+3.1%), and financial activities (+3.0%).
• The unemployment rate for the quarter decreased 20 basis points (bps) from the 4th quarter last year to 7.2%, after seasonal adjustment. The decline in the unemployment rate resulted from a 1.3% increase in the number of employed residents and a 1.1% decrease in the labor force.

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