FloridaCommerce has reported that the Miami metro area experienced the highest increase in private sector jobs among all metro areas over the past year, with an addition of 19,900 jobs, representing a 1.7% growth as of October 2024. The construction sector led these gains with 5,900 new jobs, followed by leisure and hospitality with 3,900 jobs, and professional and business services with 3,400 jobs.
The labor force in Miami increased by 18,868 people or 1.4% over the year. The unemployment rate for the area was recorded at 2.2% in October 2024, which is a rise from last year's rate of 1.7%.
FloridaCommerce highlighted that Florida's statewide unemployment rate has been consistently lower than the national average for four years now. The state's unemployment rate remains at 3.3%, with an additional 107,600 private sector jobs created over the year.
For job seekers in Florida, resources are available through platforms such as Employ Florida and CareerSource Florida's network of local career centers. These provide services including career counseling and job placement support at no cost to users.
Additionally, FloridaCommerce has approved more than $52 million in funding through the Florida Small Business Emergency Bridge Loan Program to assist businesses affected by Hurricanes Debby, Helene, and Milton since August. This program offers short-term zero-interest loans to small businesses impacted by Hurricane Milton until December 4, 2024.
Further resources for hurricane recovery are available through various programs such as Disaster Unemployment Assistance (DUA) for those whose employment was affected by Hurricanes Helene and Milton.
For detailed regional employment data from October 2024 or more information on economic conditions across Florida, individuals can visit the Florida Insight website or access related videos provided by FloridaCommerce.