The Florida Department of Economic Opportunity Announces the Fort Lauderdale Area April 2023 Employment Data

May 19, 2023

Governor DeSantis Announces Fort Lauderdale Area Unemployment Rate Drops to 2.3 Percent in April 2023

 

Fort Lauderdale, Fla. — Today, Governor Ron DeSantis announced the Fort Lauderdale area unemployment rate decreased to 2.3 percent in April 2023, down 0.4 percentage point from the April 2022 rate of 2.7 percent.

The Fort Lauderdale area added 19,200 new private sector jobs over the year in April 2023, a 2.5 percent increase. The Fort Lauderdale area labor force also grew by 28,204 over the year, up 2.7 percent. The industries gaining the most jobs over the year were professional and business services increasing by 6,600 jobs; trade, transportation and utilities increasing by 6,400 jobs; and education and health services increasing by 6,200 jobs.

In April 2023, Florida’s unemployment rate was 2.6 percent for the fourth consecutive month, which is 0.8 percentage point lower than the national rate of 3.4 percent. Florida’s statewide unemployment rate has remained lower than the national rate for 30 consecutive months since November 2020.

In April 2023, the labor force was 10,960,000, an increase of 5.8 percent since February 2020. Between April 2022 and April 2023, Florida’s total private sector employment grew by 336,200 jobs (4.1 percent), which is faster than the national private sector job growth rate of 2.7 percent during the same time period. In April 2023, with the exception of October 2022, Florida employers have added jobs for 35 months since May 2020. Florida’s over-the-year private sector job growth rate has exceeded the nation’s growth rate for 25 consecutive months since April 2021.

Florida’s labor force grew over-the-year by 2.3 percent (+248,000), faster than the national labor force growth rate of 1.7 percent. In April 2023, Florida’s labor force grew by 0.3 percent (+38,000), while the national labor force declined by less than 0.1 percent over the month. In April 2023, total private employment increased by 18,200 (+0.2 percent), growth on par with the national rate of change.

In April 2023, the professional and business services sector gained the most jobs among all major industries, adding 10,900 jobs (+0.7 percent) from the previous month, followed by education and health services with 7,100 jobs (+0.5 percent) and financial activities with the addition of 2,700 jobs (+0.4 percent). 

Data from the month of April continues to indicate there are many job opportunities available for Floridians throughout the state, with more than 464,000 jobs posted online. Floridians in search of work and new job opportunities are encouraged to turn to the CareerSource Florida network for help. Floridians can find guidance on how to register with Employ Florida and search listings of available local job openings. Career seekers also can improve their employability by perfecting resume writing and interviewing skills, establishing career goals and pursuing customized career training. These services are provided at no cost to job seekers.

Disaster Unemployment Assistance Disaster Unemployment Assistance (DUA) is available to Florida businesses and residents whose employment or self-employment was lost or interrupted as a direct result of the Broward Flood. Individuals affected in the designated-disaster areas must file DUA applications by May 31, 2023. Applications filed after the deadline will be considered untimely, and DUA benefits may be denied unless the individual provides good cause. DUA Customer Service Representatives are available Monday through Friday from 7:30 a.m. to 6:30 p.m., Eastern Time. To learn more and to apply, visit www.FloridaJobs.org/DUA.

Local Government Emergency Bridge Loan Program – This one-time $50 million appropriation will fund governmental operations within eligible Florida counties and municipalities and bridge the gap between the time of the hurricane and the time additional funding sources or revenues are secured. “Governmental Operations” includes costs associated with continuing, expanding or modifying local governmental operations to meet disaster-related needs and includes costs such as, but not limited to, staff salaries and payroll. Eligible applicants are encouraged to use this checklist to submit the required documentation and information via email to LocalGovernmentBridge@DEO.MyFlorida.com. For more information about the Local Government Emergency Bridge Loan Program, please visit www.FloridaJobs.org/LocalGovernmentBridge

CareerSource & DEO Disaster Jobs Portal – To look for employment opportunities following the significant flooding event in Broward County or to post disaster-related jobs where a labor force is needed, visit Florida’s Disaster Recovery Jobs Portal at DisasterRecovery.EmployFlorida.com.

Dislocated Worker Grant – Through the Dislocated Worker Grant Program, DEO partners with local workforce development boards in the affected area to pay salaries for temporary disaster relief employment, which includes restoration and repair work, debris removal, and humanitarian assistance. Businesses interested in learning more about the Dislocated Worker Grant Program and individuals affected by the flooding in Broward County who are seeking disaster recovery jobs are encouraged to contact their local career center. To find a career center near you, visit www.careersourceflorida.com/your-local-team.

Florida Small Business Emergency Bridge Loan Program – A one-time appropriation of $5 million is available through the Florida Small Business Emergency Bridge Loan Program, which provides short-term, zero-interest loans for small businesses that experienced economic injury or physical damage due to the flooding in Broward County. Impacted businesses in Broward County, including sole proprietors, are eligible to apply. Interested applicants can apply now through June 19, 2023, or until all available funds are expended. Florida’s small business owners in need of assistance are encouraged to visit www.FloridaJobs.org/EBL to apply for the Florida Small Business Emergency Bridge Loan Program.

To view the April 2023 employment data, visit: www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.

Visit Florida Insight for more information on labor market and economic data. Additionally, the Department has provided a video to assist users in explaining the data provided through Florida Insight.

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