Unemployment falls below 4 percent
State gains 215,400 jobs over the year
Unemployment sank to postrecession lows in Broward and Palm Beach counties in April, falling below the 4 percent mark for the first time since 2007, the state said Friday.
Broward’s jobless rate was 3.8 percent compared with 4.4 percent a year ago. The Palm Beach rate was 3.9 percent compared with 4.4 percent in 2016.
The last time Broward’s rate was below 4 percent was in October 2007; the last timePalm Beach County’s rate fell belowthat mark was in May 2007, according to Florida’s Department of Economic Opportunity.
Miami-Dade County’s rate was 5 percent compared with 5.3 percent in April 2016.
“The Florida market is getting more entrants but is able to produce jobs at a fast enough pace for the unemployment rate not to go up,” said Sean Snaith, economist for the University of Central Florida.
But overall, South Florida’s growth was slower than the state as a whole, Snaith said.
PalmBeach County stoodout in tourism and hospitality jobs.
Snaith said Broward and Miamihadweaker tourism job results for the month.
Broward saw a 3.2 percent increase in job creation over the year: 10,000 jobs were added in business and professional services; 6,000 in education and health services; 3,100 in trade, transportation and utilities; 2,700 in construction; 2,400 in government; 1,400 in other services; 800 in leisure and hospitality; and 300 in manufacturing.
Financial activities lost 300 jobs over the year.
Palm Beach County saw a 2.6 increase in jobs over the year: 4,900 in leisure and hospitality; 3,400 in business and professional services; 2,800 in construction; 2,200 in education and health services; 1,300 in government; 900 in trade, transportation and utilities; 700 in other services; and 400 in manufacturing.
Financial activities lost800jobs and information lost 200 jobs over the year.
Miami-Dade County sawan increase of 1.6 percent in jobs over the year: 6,400 in trade, transportationandutilities; 6,400in education and health; 2,600 in leisure and hospitality; 2,200 in government; 1,800 in other services; 300 in professional and business services; and200inmanufacturing.
Construction lost 800 jobs, financial activities lost 300jobs; and information lost 200 jobs over the year.
Florida gained 215,400jobs over the year, anincreaseof2.6percent. The state’s comparable unemployment rate was 4.0 percent, down from4.6 percent a year ago.