Business and Economic Research Initiative

EMPLOYMENT REPORT - December 2018

United States, Florida, and Miami Metro Area

by:

Neela D. Manage College of Business, Florida Atlantic University

The U.S. unemployment rate was 3.9 percent (seasonally adjusted) in December 2018, a 0.2 percentage point increase since November 2018. The U.S. unemployment rate was 4.1 percent in December 2017. The U.S. labor force participation rate increased slightly to 63.1 percent. There were 150.26 million employees on nonfarm payrolls in December and the U.S. economy created 312,000 jobs since November 2018 and 2,638,000 jobs (+1.8%) over the year.

Florida’s labor market posted a strong year ending in December 2018. The unemployment rate has declined and the state continued to add jobs to nonfarm payrolls. The job creation has been broad across several industries and across almost all metropolitan areas in Florida. Florida’s unemployment rate was unchanged at a seasonally adjusted 3.3 percent in De- cember 2018 and was 0.6 percentage point lower than December 2017. Florida’s year-over-year job growth has exceeded the U.S. rate since May 2012 except for September 2017 when hurricane Irma caused significant economic devastation in Florida.

Figure 1. U.S. and Florida Unemployment Rates (seasonally adjusted) 12.5

7.5

2.5 8 8 8 9 9 0 0 0 1 1 2 2 3 3 3 4 4 5 5 5 6 6 7 7 8 8 8 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 - - - r- - - l- - - t- r- - - - - r- - - l- - - t- r- - - - - n n v p b u c y c a g n n v p b u c y c a g n n v a u o p e e J e a u Ja u o p e e J e a u a u o J J N A S F D M O M A J N A S F D M O M A J J N

United States Florida Source: U.S. Bureau of Labor Statistics

Table 1. U.S. and Florida Unemployment Rates, seasonally adjusted

Jan Jan Jan Jan Jan Jan Jan Jan Dec Jan Oct Nov Dec 2010 2011 2012 2013 2014 2015 2016 2017 2017 2018 2018 2018 2018 U.S. 9.8 9.1 8.3 8.0 6.6 5.7 4.9 4.8 4.1 4.1 3.8 3.7 3.9 Florida 11.3 10.7 8.9 7.9 6.6 5.8 5.0 4.6 3.9 3.9 3.4 3.3 3.3 Source: U.S. Bureau of Labor Statistics

There were 8.89 million employees on Florida’s nonagricultural payrolls in December and was one of eight states where nonfarmThere employmentwere 8.89 millionincreased employees during the onmonth. Florida’s Florida nonagricultural employers added payrolls 22,800 jobsin December to their nonfarm and was payrolls one over theof month, eight thestates second where highest nonfarm job gains employment after Texas increased(+38,000). Floridaduring added the month. 231,200 Florida jobs since employers December added 2017, an increase of 2.7 percent. Florida’s employment growth was the third largest over-the-year increase in nonfarm employment 22,800 jobs to their nonfarm payrolls over the month, the second highest job gains after Texas

(+38,000). Florida added 231,200 jobs since December 2017, an increase of 2.7 percent. Florida’s 2. employment growth was the third largest over-the-year increase in nonfarm employment after Texas (+391,800) and California (+284,300).

Table 2. U.S. and Florida Nonfarm Payroll Employment, seasonally adjusted (in thousands)

Change from Change from Nov 2018 – Dec 2018 Dec 2017 – Dec 2018 Dec 2017 Oct 2018 Nov 2018 Dec 2018 Level Percent

U.S. 147,625 149,775 149,951 150,263 312 2638 1.8%

Florida 8,660.0 8,849.4 8,868.4 8,891.2 22.8 231.2 2.7% Source: U.S. Bureau of Labor Statistics

Nonfarm Payroll Employment by Industry

Private sector job growth in Florida was broad based across industries during 2018 (see Table 3). Education and Health Services added 54,000 jobs since December 2017 and was the industry with the largest over-the-year job growth. Other top job creating sectors were Leisure and Hospitality (+45,800 jobs), Professional and Business Services (+39,300 jobs), Construction (+34,900 jobs) which had the largest percentage increase (+6.7%), and Trade, Transportation and Utilities (21,500 jobs). The Government sector lost 9,800 jobs since December 2017. All other industries added jobs over the 12-month period.

Table 1. U.S. and Florida Unemployment Rates, seasonally adjusted

There were 8.89 million employees on Florida’s nonagricultural payrolls in December and was one of eight states where nonfarm employment increased during the month. Florida employers added 22,800 jobs to their nonfarm payrolls over the month, the second highest job gains after Texas (+38,000). Florida added 231,200 jobs since December 2017, an increase of 2.7 percent. Florida’s employment growth was the third largest over-the-year increase in nonfarm employment after Texas (+391,800) and California (+284,300). after Texas (+391,800) and California (+284,300). Table 2. U.S. and Florida Nonfarm Payroll Employment, seasonally adjusted (in thousands)

Change from Change from Nov 2018 – Dec 2018 Dec 2017 – Dec 2018 Dec 2017 Oct 2018 Nov 2018 Dec 2018 Level Percent

U.S. 147,625 149,775 149,951 150,263 312 2638 1.8%

Florida 8,660.0 8,849.4 8,868.4 8,891.2 22.8 231.2 2.7% Source: U.S. Bureau of Labor Statistics

Nonfarm Payroll Employment by Industry Nonfarm Payroll Employment by Industry Private sector job growth in Florida was broad based across industries during 2018 (see Table 3). Education and Health Services added 54,000 jobs since December 2017 and was the industry with the largest over-the-year job growth. Other topPrivate job creating sector sectors job growth were Leisure in Florida and Hospitalitywas broad (+45,800 based acrossjobs), Professional industries andduring Business 2018 Services(see Table (+39,300 3). jobs), Construction (+34,900 jobs) which had the largest percentage increase (+6.7%), and Trade, Transportation and Utilities (21,500Education jobs). andThe GovernmentHealth Services sector added lost 9,800 54,000 jobs jobs since since December December 2017. All2017 other and industries was the added industry jobs overwith the 12-month period. the largest over-the-year job growth. Other top job creating sectors were Leisure and Hospitality Table 3. Florida Nonfarm Employment by Industry, in thousands (seasonally adjusted) (+45,800 jobs), Professional and Business Services (+39,300 jobs), Construction (+34,900 jobs) which

had the largest percentage increase (+6.7%), and Trade, Transportation and Utilities (21,500 jobs). Dec 2017 Dec 2018 Change from Dec 2017 to Dec 2018 The Government sector lost 9,800 jobs since December 2017. All otherLevel industries added jobsPercent over Total Nonfarm Employment 8660.0 8891.2 231.2 2.7 the 12-month period. Mining and Logging 5.6 5.8 0.2 3.6 Construction 519.1 554.0 34.9 6.7 Manufacturing 366.8 379.5 12.7 3.5 Trade Transportation and Utilities 1758.4 1779.9 21.5 1.2 Information 136.9 138.7 1.8 1.3 Financial Activities 572.5 591.8 19.3 3.4

Professional and Business Services 1339.5 1378.8 39.3 2.9 Education and Health Services 1279.8 1333.8 54.0 4.2 Leisure and Hospitality 1221.7 1267.5 45.8 3.7 Other Services 348.3 359.8 11.5 3.3 Government 1111.4 1101.6 -9.8 -0.9 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity

In December 2018, 23 out of 24 metropolitan areas in Florida had over the year job growth. Panama City In December 2018, 23 out of 24 metropolitan areas in Florida had over the year job growth. Panama City was the only metrowas areathe only to post metro an over area the to year post decline an over in itsthe nonfarm year decline payrolls in (-1,500 its nonfarm jobs). payrolls (-1,500 jobs).

Table 4. U.S. Nonfarm Employment by Industry, in thousands (seasonally adjusted)

Dec Dec Change from Dec 2017 to Dec 2018 2017 2018 Level Percent Total Nonfarm Employment 147,625 150,263 2,638 1.8 Mining and Logging 698 758 60 8.6 Construction 7,072 7,352 280 4.0 Manufacturing 12,558 12,842 284 2.3 Trade Transportation and Utilities 27,593 27,963 370 1.3 Information 2,776 2,760 -16 0.6 Financial Activities 8,511 8,621 110 1.3 Professional and Business Services 20,677 21,260 583 2.8 Education and Health Services 23,380 23,897 517 2.2 Leisure and Hospitality 16,207 16,513 306 1.9 Other Services 5,822 5,892 70 1.2 Government 22,331 22,405 74 0.3 Source: U.S. Bureau of Labor Statistics

Table 3. Florida Nonfarm Employment by Industry, in thousands (seasonally adjusted)

Dec 2017 Dec 2018 Change from Dec 2017 to Dec 2018 Level Percent Total Nonfarm Employment 8660.0 8891.2 231.2 2.7 Mining and Logging 5.6 5.8 0.2 3.6 Construction 519.1 554.0 34.9 6.7 Manufacturing 366.8 379.5 12.7 3.5 Trade Transportation and Utilities 1758.4 1779.9 21.5 1.2 Information 136.9 138.7 1.8 1.3 Financial Activities 572.5 591.8 19.3 3.4 Professional and Business Services 1339.5 1378.8 39.3 2.9 Education and Health Services 1279.8 1333.8 54.0 4.2 Leisure and Hospitality 1221.7 1267.5 45.8 3.7 Other Services 348.3 359.8 11.5 3.3 Government 1111.4 1101.6 -9.8 -0.9 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity

In December 2018, 23 out of 24 metropolitan areas in Florida had over the year job growth. Panama City was the only metro area to post an over the year decline in its nonfarm payrolls (-1,500 jobs).

Table 4. U.S. Nonfarm Employment by Industry, in thousands (seasonally adjusted)

Nationally, employers created 2,638,000 jobs during the last 12 months, an increase of 1.8 per cent (see Table 4). The largest over the year job gains were posted in Professional and Business Services (+583,000 jobs) and Education and Health Services (+517,000 jobs) followed by Trade, Transportation and Utilities (+370,000 jobs), Leisure and Hospitality (+306,000 jobs), Manufacturing (+284,000 jobs) and Construction (+280,000 jobs). The Information industry experienced a small over the year job loss (- 16,000 jobs). All other private sector industries and the Government added jobs over the 12-month period.

II. MIAMI METRO AREA

The US. Bureau of Labor Statistics reported that the unemployment rate in the Miami-Fort Lauderdale- West Palm Beach, Metropolitan Statistical Area (or Miami metro area) was 3.3 percent in December 2018. The Miami metro area had the largest over-the year increase in nonfarm employment in Florida (+57,400 jobs) followed by Orlando-Kissimmee-Sanford (+51,300) and Tampa-St. Petersburg-Clearwater (+22,500). These three metropolitan areas accounted for 57 percent of the 232,000 jobs created in Florida during the 12-month period ending in December 2018.

1. Miami-Fort-Lauderdale-West Palm Beach FL, MSA

The unemployment rate in the Miami-Fort Lauderdale-West Palm Beach, Metropolitan Statistical Area was 3.3 percent in December 2018, a 0.7 percentage point decline from December 2017.

The Miami-Fort Lauderdale-West Palm Beach, MSA contains the following three Metropolitan Divisions:

• Fort Lauderdale-Pompano Beach-Deerfield Beach, Metropolitan Division (contains Broward county)

• Miami-Miami Beach-Kendall, Metropolitan Division (contains Miami-Dade county)

• West Palm Beach - Boca Raton - Delray Beach, Metropolitan Division (contains Palm Beach county)

Of the three divisions, Fort Lauderdale-Pompano Beach-Deerfield Beach (Broward County) had the lowest unemploy-

4. ment rate at 3.1 percent and the unemployment rate in the Miami-Miami Beach- Kendall (Miami-Dade County) was the highest (3.6 percent). In December, the unemployment rate in the West Palm Beach-Boca Raton-Delray Beach Division (Palm Beach County) was 3.3 percent (see Figure 2 and Table 5).

These data are not seasonally adjusted and the report thus uses over-the-year changes in the analysis of employment data for metropolitan areas and its divisions. FigureFi g2.u rUnemploymente 2. Unemployme nRatest Rate sin i nthe the Miami Miami MMetroetro A Arearea (percent,(perc enotnt, n seasonallyot seasonally adjusted)adjusted)

Miami Metro MAreaiami Metro Area

Broward County

Miami-Dade CountyBroward County

Palm Beach County

Miami-Dade County

0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5

Palm Beach County Dec 2017 Dec 2018

Source: U.S. Bureau of Labor Statistics0 1 2 3 4 5 Dec 2017 Dec 2018 Source: U.S. Bureau of Labor Statistics

Table 5. Miami Metro Area and its Divisions - Unemployment Rate, not seasonally adjusted

Oct. Nov Dec Oct. Nov Dec Change from 2017 2017 2017 2018 2018 2018 Dec 2017 to Dec 2018 Florida 3.9 3.8 3.7 3.0 3.1 3.3 -0.4

Miami-Fort Lauderdale-West Palm Beach, MSA 4.1 4.0 4.0 3.2 3.1 3.3 -0.7 Fort Lauderdale- Pompano Beach-Deerfield 3.6 3.6 3.4 2.8 2.8 3.1 -0.3 Beach, MD Miami-Miami Beach- Kendall, MD 4.7 4.5 4.7 3.6 3.2 3.6 -1.1 West Palm Beach-Boca Raton-Delray Beach, MD 3.8 3.8 3.5 3.1 3.0 3.3 -0.2 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity

Total nonfarm payroll employment for December 2018 was at 2,736,700 in the Miami metro area (Table 6). During the DecemberTotal nonfarm 2017 –payroll December employment 2018 period for the December metro area 2018 had a was net gainat 2,7 of36 57,400,700 injobs the (+2.1%). Miami All metro industry area supersectors (Table recorded6). During net the gains Dec inember non-farm 2017 payrolls – Dec overember the year2018 (Table period 7). the metro area had a net gain of 57,400 jobs (+2.•1 %).The All construction industry supersectors sector created recorded the largest net number gains of in jobs non (+13,100)-farm payrolls among overindustries the yearin the (Table Miami 7metro). area from December 2017 to December 2018, an over-the-year increase of 9.82 percent. • v LeisureThe construction and Hospitality sector added created 9,500 jobsthe andlargest Education number and of Health jobs (+1 Services3,100) gained among 9,200 industries jobs during in the the 12-monthMiami metro period. area from December 2017 to December 2018, an over-the-year increase of 9.82 percent.

v Leisure and Hospitality added 9,500 jobs and Education and Health Services gained 9,200 jobs 5. during the 12-month period.

v Trade, Transportation and Utilities gained 8,200 jobs.

v Manufacturing and Professional Business Services both gained over 4000 jobs.

v Manufacturing and Professional Business Services both gained over 4000 jobs. • vTrade, Employment Transportation increased and Utilities in all gainedthe remaining 8,200 jobs. sectors with the smallest increase (except for mining

• Manufacturingand logging) and posted Professional in the GovernmentBusiness Services sector both, which gained added over 4000 700 jobs.jobs since December 2017. v Employment increased in all the remaining sectors with the smallest increase (except for mining

• Employmentand logging) increased posted in in all the the Governmentremaining sectors sector with, whichthe smallest added increase 700 jobs (except since for Dec miningember and 2017. logging) posted in the Government sector, which added 700 jobs since December 2017. Table 6. Miami Metro Area and its Divisions – Nonfarm Employment (in thousands), not seasonally adjusted Table 6. Miami Metro Area and its Divisions – Nonfarm Employment (in thousands), not seasonally

adjusted Dec Dec Change from Dec 2017 to Dec 2018

2017 2018 Level Percent Miami-Fort Lauderdale-West Palm Beach, MSA 26Dec79 .3 27Dec36 .7 Change57.4 from Dec 2017 to Dec2 .12018 2017 2018 Fort Lauderdale- Pompano Beach-Deerfield Beach, MD 850.5 866.3 Level15.8 Percent1.9 Miami-Fort Lauderdale-West Palm Beach, MSA Miami-Miami Beach- Kendall, MD 261201.279.3 27123624.9.7 57.423.7 22..10 Fort Lauderdale- Pompano Beach-Deerfield Beach, MD West Palm Beach-Boca Raton-Delray Beach, MD 850.5627.6 86646.35.5 15.87.9 1.92.9 Miami-Miami Beach- Kendall, MD Source: U.S. Bureau of Labor Statistics; Florida Department1201.2 of Employment1224.9 Opportunity23.7 2.0 West Palm Beach-Boca Raton-Delray Beach, MD 627.6 645.5 17.9 2.9 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity

Table 7. Miami Metro Area Nonfarm Employment by Industry (in thousands), not seasonally adjusted

Table 7. Miami Metro Area Nonfarm EmploymentDec byDec Industry Change (in thousands) from Dec ,2017 not toseasonally Dec 2018 adjusted 2017 2018 Level Percent Dec Dec Change from Dec 2017 to Dec 2018 Total Nonfarm Employment 2679.32017 2736.72018 Level57.4 Percen2.14 t TotalMining Nonfarm and Logging Employment 2679.30.7 2736.70.8 57.40.1 14.22.149 MiningConstruction and Logging 133.40.7 146.50.8 13.10.1 14.29.829 ConstructionvManufacturing 133.492.0 146.597.3 13.15.3 9.825.76 vTradeManufacturing Transportation and Utilities 619.092.0 627.297.3 5.38.2 5.761.32 TradeInformation Transportation and Utilities 619.050.5 627.251.8 8.21.3 1.322.57 InformationFinancial Activities 181.750.5 183.751.8 1.32.0 2.571.10 FinancialProfessional Activities and Business Services 181.7443.2 183.7447.7 2.04.5 1.101.02 ProfessionalEducation and and Health Business services Services 443.2395.6 447.7404.8 4.59.2 1.022.33 EducationLeisure and and Hospitality Health services 395.6324.9 404.8334.4 9.29.5 2.32.923 LeisureOther Services and Hospitality 324.9125.7 334.4129.2 9.53.5 2.922.78 OtherGovernment Services 125.7312.6 129.2313.3 3.50.7 2.780.22 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity Government 312.6 313.3 0.7 0.22 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity 2. Metropolitan Divisions and Counties in the Miami Metro Area 2. Metropolitan Divisions and Counties in the Miami Metro Area

2. Metropolitan Divisions and Counties in the Miami Metro Area AllAll three three metropolitan metropolitan divisions divisions in the inMiami the metroMiami area metro added area jobs added over the jobs 12-month over the period. 12-month period.

• Fort Lauderdale-Pompano Beach-Deerfield Beach, with 32 percent of the employment in the Miami metro area, All three metropolitan divisions in the Miami metro area added jobs over the 12-month period. vgained Fort 15,800Lauderdale jobs. -Pompano Beach-Deerfield Beach, with 32 percent of the employment in the

• TheMiami Miami-Miami metro area,Beach-Kendall gained 15,800 Division, jobs. the largest of the three divisions, accounted for 45 percent of the v Fort Lauderdale-Pompano Beach-Deerfield Beach, with 32 percent of the employment in the metro area’s workforce and added 23,700 jobs. Miami metro area, gained 15,800 jobs.

v The Miami-Miami Beach-Kendall Division, the largest of the three divisions, accounted for 45 percent of the metro area’s workforce and added 23,700 jobs.

v The West Palm Beach-Boca Raton-Delray Beach Division, with 23 percent of the area’s employment, gained 17,900 jobs during the last 12 months.

In addition to differences in the overall employment gains in the three divisions, there is also some variation in employment patterns by industry across the three metropolitan divisions.

A. Fort Lauderdale-Pompano Beach-Deerfield Beach, Metropolitan Division • The West Palm Beach-Boca Raton-Delray Beach Division, with 23 percent of the area’s employment, gained In the17,900 Fort Lauderdalejobs during the-Pompano last 12 months. Beach-Deerfield Beach, Metropolitan Division (which contains Broward County) 15,800 jobs (+ 1.8%) were created during the last 12 months (Table 8). In addition to differences in the overall employment gains in the three divisions, there is also some variation in employment patterns by industry across the three metropolitan divisions. v The largest employment gains were in Trade, Transportation, and Utilities (+3,900 jobs), Business A. Fort Lauderdale-Pompanoand Professional Services Beach-Deerfield (+2,900 jobs Beach,), and EducationMetropolitan and Division Health Services (+2,800 jobs). In the Fort Lauderdale-Pompano Beach-Deerfield Beach, Metropolitan Division (which contains Broward County) 15,800 jobs (+ 1.8%) were created during the last 12 months (Table 8). • vThe Construction largest employment added 2,200gains were jobs inand Trade, the Transportation,construction sectorand Utilities had the(+3,900 highest jobs), rate Business of job and growth Profes - sionalamong Services the industry (+2,900 jobs),supersectors and Education in this and metropolitan Health Services division (+2,800 over jobs). the year (4.51 percent) and 2500 jobs were added to Other Services. • Construction added 2,200 jobs and the construction sector had the highest rate of job growth among the industry supersectors in this metropolitan division over the year (4.51 percent) and 2500 jobs were added to Other Ser- vvices. All other sectors, except Leisure and Hospitality which lost 100 jobs, had employment gains of less than 1000 jobs. • All other sectors, except Leisure and Hospitality which lost 100 jobs, had employment gains of less than 1000 jobs.

Table 8. Fort Lauderdale-Pompano Beach-Deerfield Beach -- Nonfarm Employment (in thousands), not seasonally adjusted

Dec Dec Change from Dec 2017 to Dec 2018 2017 2018 Level Percent Total Nonfarm Employment 850.5 866.3 15.8 1.86 Construction 48.8 51.0 2.2 4.51 Manufacturing 27.7 28.0 0.3 1.08 Trade Transportation and Utilities 191.3 195.2 3.9 2.04 Information 20.4 20.7 0.3 1.47 Financial Activities 58.6 59.2 0.6 1.02 Professional and Business Services 154.0 156.9 2.9 1.88 Education and Health Services 111.5 114.3 2.8 2.51 Leisure and Hospitality 93.5 93.4 -0.1 -0.11 Other Services 39.1 41.6 2.5 6.39 Government 105.5 105.9 0.4 0.38 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity

B. Miami-Miami Beach-Kendall, Metropolitan Division

Non-farm employment in the Miami-Miami Beach-Kendall Metropolitan Division (which contains Miami Dade County) was at 1,224,900 in December 2018, an increase of 23,700 jobs over the previous 12 months (Table 9).

• The Trade, Transportation and Utilities industry supersector has the highest employment in this area with 310,800 jobs on nonfarm payrolls. This sector had a small employment growth of 0.62 percentage point (+1800 jobs) over the year.

• The sector with the second highest employment level (193,500 jobs) - Education and Health Services - had

7. B. Miami-Miami Beach-Kendall, Metropolitan Division

v The Trade, Transportation and Utilities industry supersector has the highest employment in this area with 310,800 jobs on nonfarm payrolls. This sector had a small employment growth of 0.62 percentage point (+1800 jobs) over the year.

v The sector with the second highest employment level (193,500 jobs) - Education and Health Services - had employment gains of 5,900 (+3.14%) over the twelve months ending in December 2018.

v Non-farm payrolls in the Construction sector increased from 46,800 in December 2017 to 54,800 in December 2018 (+17.09%). The net gain of 8000 jobs in Construction was the largest over the year increase among the various sectors in the Miami – Miami Beach – Kendall area.

v employmentThe next highest gains ofincreases 5,900 (+3.14%) in the overlevel the of twelvenonfarm months employment ending in Decemberwere in Education 2018. and • Non-farmHealth Services payrolls ( in+5 the,900 Construction jobs; +3.14 sector%), Leisure increased and from Hospitality 46,800 in (+4, December100 jobs; 2017 +2.91 to 54,800%), and in December 2018Manufacturing (+17.09%). The (+ 3, net300 gain jobs; of 8000 7.47 jobspercent) in Construction. was the largest over the year increase among the various sectors in the Miami – Miami Beach – Kendall area. v• The nextemployment highest increases level in inthe the Government level of nonfarm sector employment increased were by in1700 Education jobs (+1.19%). and Health Services (+5,900 jobs; +3.14%), Leisure and Hospitality (+4,100 jobs; +2.91%), and Manufacturing (+ 3,300 jobs; 7.47percent). v• TheNonfarm employment payrolls level declined in the Government in Professional sector and increased Business by Services1700 jobs (net (+1.19%). loss of 1,400 jobs) and Financial Activities (net loss of 1300 jobs). The remaining sectors had modest job growth (< 1000 jobs) during • Nonfarm payrolls declined in Professional and Business Services (net loss of 1,400 jobs) and Financial Activ- itiesthe Dec(net emberloss of 13002017 jobs).-December The remainingr 2018 period. sectors had modest job growth (< 1000 jobs) during the December 2017-December 2018 period.

Table 9. Miami-Miami Beach-Kendall -- Nonfarm Employment (in thousands), not seasonally adjusted

Dec Dec Change from Dec 2017 to Dec 2018 2017 2018 Level Percent Total Nonfarm Employment 1201.2 1224.9 23.7 1.97 Mining and Logging 0.5 0.6 0.1 20.00 Construction 46.8 54.8 8.0 17.09 Manufacturing 44.2 47.5 3.3 7.47 Trade Transportation and Utilities 308.9 310.8 1.9 0.62 Information 18.9 19.7 0.8 4.23 Financial Activities 82.3 81.0 -1.3 -1.58 Professional and Business Services 176.3 174.9 -1.4 -0.79 Education and Health Services 187.6 193.5 5.9 3.14 Leisure and Hospitality 140.8 144.9 4.1 2.91 Other Services 52.6 53.2 0.6 1.14 Government 142.3 144.0 1.7 1.19 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity

C. West Palm Beach - Boca Raton - Delray Beach, Metropolitan Division

Non-farm employment in the West Palm Beach-Boca Raton-Delray Beach division (which contains Palm Beach County) was at 643,200 in December 2018, an increase of 15,600 jobs over the previous 12 months (Table 10).

• Leisure and Hospitality had the largest over the year employment gains recorded in December 2018 in this metropolitan division. This sector had a net gain of 5,500 jobs (+6.07%) during this period. The other two metropolitan divisions in the Miami metro area had a combined net gain of only 4,000 jobs in the Leisure and Hospitality sector.

• The next largest job gains were in Professional and Business Services (+3,000 jobs; +2.66%), Construction (+2,900 jobs; +7.67%), and Financial Activities (+2,700 jobs; +6.62%).

• Trade, Transportation and Utilities added 2,400 jobs and Manufacturing, which had the largest percentage increase in nonfarm payrolls (+8.46%), added 1,700 jobs during the last 12 months.

8. C. West Palm Beach - Boca Raton - Delray Beach, Metropolitan Division

v Leisure and Hospitality had the largest over the year employment gains recorded in December 2018 in this metropolitan division. This sector had a net gain of 5,500 jobs (+6.07%) during this period. The other two metropolitan divisions in the Miami metro area had a combined net gain of only 4,000 jobs in the Leisure and Hospitality sector.

v The next largest job gains were in Professional and Business Services (+3,000 jobs; +2.66%), Construction (+2,900 jobs; +7.67%), and Financial Activities (+2,700 jobs; +6.62%).

v Trade, Transportation and Utilities added 2,400 jobs and Manufacturing, which had the largest percentage increase in nonfarm payrolls (+8.46%), added 1,700 jobs during the last 12 months.

v All other sectors, except the Government, had employment gains of less than 1000. The • AllGovernment other sectors, sector except lost the Government,1,400 jobs, ahad 2.16 employment percent decrease gains of less since than Dec 1000.ember The 2017 Government. sector lost 1,400 jobs, a 2.16 percent decrease since December 2017.

Table 10. West Palm Beach-Boca Raton-Delray Beach – Nonfarm Employment (in thousands), not seasonally adjusted

Dec Dec Change from Dec 2017 to Dec 2018 2017 2018 Level Percent Total Nonfarm Employment 627.6 643.2 15.6 2.49 Construction 37.8 40.7 2.9 7.67 Manufacturing 20.1 21.8 1.7 8.46 Trade Transportation and Utilities 118.8 121.2 2.4 2.02 Information 11.2 11.4 0.2 1.79 Financial Activities 40.8 43.5 2.7 6.62 Professional and Business Services 112.9 115.9 3.0 2.66 Education and Health Services 96.5 97.0 0.5 0.52 Leisure and Hospitality 90.6 96.1 5.5 6.07 Other Services 34.0 34.4 0.4 1.18 Government 64.8 63.4 -1.4 -2.16 Source: U.S. Bureau of Labor Statistics; Florida Department of Employment Opportunity The Miami metropolitan area continued strong growth in employment and declines in the The Miamiunemployment metropolitan rate area in continued December strong 2018. growth Job increation employment was broadand declines based in across the unemployment industries in rate the in region De- cember 2018. Job creation was broad based across industries in the region with Construction, Leisure and Hospitality, Educationwith andConstruction, Health Services, Leisure and and Trade, Hospitality Transportation, Education and Utilities and Health being top Services, performers. and Trade, Transportation and Utilities being top performers.

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