MIAMI METRO REGION HAS THE LOWEST UNEMPLOYMENT RATE IN THE FLORIDA – BELOW NATIONAL AVERAGE
According to a press release by the U.S. Bureau of Labor Statistics on April 5th, Miami has the nation's lowest unemployment rate.
In February, the unemployment rate for the Miami-Miami Beach-Kendall metropolitan division was 1.7 percent, the lowest among all metropolitan divisions in the country.
The entire Miami-Fort Lauderdale-West Palm Beach metropolitan area also had a low unemployment rate of 2.2 percent, tying for the lowest among all metro areas in the country.
“Florida’s economy continues to be number one in new business formations while growing our labor force and creating jobs faster than the national rate,” said Governor Ron DeSantis. “As the federal government continues to flounder on key issues like inflation, Florida will continue to get the fundamentals right.”
Furthermore, in February, Miami-Miami Beach-Kendall experienced a 4.4 percent increase in employment, which was the third largest increase after Dallas-Plano-Irving and Fort Worth.