South Florida Jobless Rates Continue to Fall!

What a different picture from even a year ago.

Daily we become more excited about the growth and strength of the South Florida Economy and Commercial Real Estate Market.

The South Florida Business Journal is reporting, another drop in the unemployemnt rate, down to a seasonally adjusted 6.7%.

Thats over 1.5% better than a year ago, and the lowest since August of 2008.

Here's the rankings for South Florida,

Miami-Dade added 4,329 jobs in October, while its non-seasonally adjusted unemployment rate increased by 0.2 percentage points, month-over-month, to 8.5 percent. That number is 0.7 percentage points lower than the jobless rate one year ago. The county’s labor force gained 6,857 people in October.

Broward’s unemployment rate decreased 0.3 percentage points, to 5.3, in October. That number is less than what it was a year ago, at 6.9 percent. The county lost 9,481 jobs from September to October, while its labor force decreased by 13,092 people.

Palm Beach also saw a month-over-month decrease in its jobless rate – to 6.7 percent in October from 7.1 percent in September – and was down from last year’s 8.4 percent. The county lost 3,600 jobs between September and October, according to state data. The county’s labor force also lost 6,295 workers.

Recovering real estate prices, and strong employment.  It's been a long time since we have been this excited over our area's future!


Orin Rosenfeld
Rosenfeld Realty Advisors
9858 Glades Rd., Suite 209
Boca Raton, FL 33434
Phone: 561-756-1665