Miami-Dade added nearly 15,000 jobs (1.3 percent) from September 2015 to September 2016 with growth across industries including the construction sector leading (10.8 percent), followed by financial activities sector (3.7 percent) and professional service sector (3.5 percent), according to statistics released Friday.
“We consistently see job growth across industries including nearly 4 percent growth in two high-paying sectors – financial activities and professional services and nearly 11 percent growth in construction jobs,» Miami-Dade Beacon Council President & CEO Larry K. Williams said. “The numbers show we keep steadily adding jobs in a variety of sectors and that reflects Miami-Dade’s growing and diverse economy.»
The numbers analyzed
Miami-Dade County created 14,900 new nonagricultural payroll jobs (not seasonally adjusted), from September 2015 to September 2016 which was a 1.3 percent increase. Miami-Dade County continues to show year over year gains. Improvements in the non-farm payroll jobs can be found in a variety of sectors. Between August 2016 and September 2016, Miami-Dade County increased nonagricultural payroll jobs by 8,100 or a 0.7 percent increase.
The not seasonally adjusted unemployment rate for Miami- Dade County was 5.6 in September 2016, which was a 0.6 percentage point decrease from September 2015 at 6.2 percent. There was no change in the unemployment rate from August 2016, which also was at 5.6 percent.
In September 2016, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 5.2 percent, which is 0.1 percentage points higher than August 2016 at 5.1 percent, and a 0.8 percentage point decrease from September 2015 at 6.0 percent.