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Miami-Miami Beach-Kendall Metro Area’s Unemployment Rate Drops

Nov 16, 2012

FOR IMMEDIATE RELEASE: November 16, 2012

CONTACT: DEO Communications, (850) 617-5600, media@deo.myflorida.com

 

 

MIAMI-MIAMI BEACH-KENDALL METRO AREA’S UNEMPLOYMENT RATE DROPS

October 2012 rate of 8.7 percent was 1.8 percentage points lower than a year ago

 

TALLAHASSEE— The Miami-Miami Beach-Kendall metro area experienced a decline in its unemployment rate over the year of 1.8 percentage points, as well as a decline of 3.5 percentage points since December 2010.  The October 2012 rate was 8.9 percent (not seasonally adjusted), a decrease from 10.7 percent in October 2011, and down from 12.4 percent since December 2010.

 

In October, the Miami-Miami Beach-Kendall metro area added the most jobs of all the metro areas in the trade, transportation and utilities industry, with 5,700 jobs gained over the year.

Miami-Dade County was second in the state for online job demand with 40,016 openings in October and was second overall in demand for STEM-related postings with 7,835 job openings. STEM is an acronym for science, technology, engineering and mathematics, and STEM-related jobs are ones that are considered high wage and high skill.

Also in October, South Florida Workforce Board along with the state’s other 23 Regional Workforce Boards reported 50,423 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, 15,078 previously received Reemployment Assistance. Since January, more than 337,000 Floridians were placed in jobs, with nearly 85,000 former claimants finding employment.

Florida’s seasonally adjusted unemployment rate declined to 8.5 percent in October, the lowest since December 2008.  The October 2012 rate was 1.7 percentage points lower than the year-ago rate of 10.2 percent.  The state also experienced positive over-the-month job growth of 12,100 new private sector jobs. Since December 2010, the state’s unemployment rate has dropped 2.6 percentage points and 174,500 private sector jobs have been created.

To view the October 2012 monthly employment data, visit:
www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

The Florida Department of Economic Opportunity combines the state’s economic, workforce and community development efforts. This new approach helps expedite economic development projects to fuel job creation in competitive communities. For more information, including valuable resources for employers and job seekers, please visit www.floridajobs.org.

 

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