Miami’s Unemployment Rate Is Now Just 1.4%, The Lowest On Record

Miami’s unemployment rate is now at a new historic low, according to a new federal report.

The U.S. Bureau of Labor Statistics report released February 2 showed that the Miami-Miami Beach-Kendall area had an unemployment rate of just 1.4 percent in December 2021 – the lowest of any other BLS division in the U.S.

When measuring the metro area as a whole (which also includes West Palm Beach), the unemployment rate was 2.6 percent – also one of the best numbers nationwide.

Miami’s unemployment rate has dropped sharply in just one year.

In December 2020, the Miami-Miami Beach-Kendall division unemployment rate was 7.9 percent, while the Miami-Fort Lauderdale-West Palm Beach metro stood at 5.6 percent.

Miami’s unemployment rate is now even lower than it was during the condo construction boom year of 2006.

Bloomberg reported that it is Miami’s lowest unemployment rate since records began in 1990.

Wages are also rising faster in Miami than anywhere else in the U.S., the BLS reported.

 

(photo: Phillip Pessar)

 

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Anonymous
3 months ago

Maybe this will silence everyone that keeps saying “but what does this do for the average person in Miami” every time a high paying jobs are relocated to Miami. I’m sure the new complaint will be something along the lines of “but we aren’t being paid 50k to work at McDonalds so this doesn’t benefit us”. At least this validates what many of us have been saying that all these new offices moving to Miami would benefit everyone….

Anonymous
3 months ago

1.4% unemployment is astounding. There are very few cities in the US and the world that can even compare to this figure. Hopefully wages will rise as employers will pay more due to the increased difficulty in hiring more workers.

Anonymous
3 months ago

florida does n’t have as much welfare and government dependance as other estates, people in florida have to go to work instead of getting paid to stay home

Anonymous
3 months ago

With all the retirees that Florida has and gets, why is that surprising?

Anonymous
3 months ago

Are you out of your mind?????
According to one of the managers, 85% of the sales at Fresco y Mas (Flamingo Plaza in Hialeah) are paid with food stamps.

Anonymous
3 months ago

Not true

Anonymous
3 months ago

You can be employed and still receive food stamps.

Fern
3 months ago

Food stamps can be from the Feds too

Anonymous
3 months ago

So basically, ten percent less than sales at Walmarts in urban areas.

Anonymous
3 months ago

These companies end up getting two subsidies:

1. Cities reduce their taxes to keep them
2. The government gives the employees food stamps to make up for wage theft

Rozay
3 months ago

DeSantis & Suarez >>>>>

Anonymous
3 months ago

Can’t wait for them to be gone!

Anonymous
3 months ago

Andrew stop. You lost fair and square. Go back to your crackpipe and escorts…

Anonymous
3 months ago

He got the grossest escort too.

Anonymous
3 months ago

When DeSanis is gone, it’ll be another two years for you to see him again running for President. Suarez… well, Liddle Marco will be expired goods six years from now.

Anonymous
3 months ago

Another brainwashed leftist that hates success

Anonymous
3 months ago

Red state success story.

Anonymous
3 months ago

Miami is the bluest part of the “Red State”

Anonymous
3 months ago

Forget.. their fuhrer didn’t get reelected so they have to steal any kind of success story they can.

Anonymous
3 months ago

You’re really talking about “success” with Joe Biden in office….? Do you…follow the news..at all..?

Anonymous
3 months ago

Another brainwashed liberal democrat bringing inciting racist hatred because they have nothing intelligent to say

Anonymous
3 months ago

Just proves the ability for market forces to overcome obstacles if allowed. Dade votes red and blue depending on the candidate.

Anonymous
3 months ago

Hardly if you consider Orlando, or Broward County when not looking at “Miami” as South Florida as a whole.

Anonymous
3 months ago

less blue every year

Azarius
3 months ago

Great but wages are low compared to inflation and high rents. Ppl need 2 jobs and a roommate to make rent smh

Anonymous
3 months ago

Then move to Hialeah and stop complaining!

Anonymous
3 months ago

Exactly why are these people pretending they can afford a luxury building with 2 minimum wage jobs? Move to Hialeah.

Anonymous
3 months ago

Hialeah rents are up 65% YOY.

Azarius
3 months ago

Just I have to move to GA now good luck on relocating (personally I’m good) just worried about all the folks that has lived alll their life and now has to relocate to accommodate the hungry rich and greedy

Anonymous
3 months ago

Opa-Locka.

Anonymous
3 months ago

as a lark I checked zillow home prices in Hialeah… they’re fucking insane

so idk how true it is anymore to save a buck by living in your aunt’s uncle’s friend from the island’s efficiency

Anonymous
3 months ago

Miami needs to invest in better schools and graduate programs to fill in (and attract) better jobs.

Miami needs a better public transportation system to accommodate the more people that more jobs would bring.

Miami needs to stop relying on heavy traffic and tourism alone.

Anonymous
3 months ago

Is that why they hired morons at Burger King

Anonymous
3 months ago

Yes, this is partly why economists will tell you healthy unemployment is between 3-5%, because when it gets too low you get laborshortages, decreased service/quality of products, and higher inflation due to higher wages because of competition over labor.

Anonymous
3 months ago

I thought that was the Taco Bell drive-thru in Hialeah.

Anonymous
3 months ago

Florida is the Future.

Anonymous
3 months ago

Miami, not Florida!

Anonymous
3 months ago

Florida will eventually bankrupt itself with all of the poor city planning and urban sprawl.

Anonymous
3 months ago

ahhh democrats. the party of unity and peace.

Anonymous
3 months ago

Translated for the fanatic ignorant liberal democrats. The party of division and violence and policy failures

Anonymous
3 months ago

Haha, Pence had to hide from members of his own party who were out to hang him.

Anonymous
3 months ago

We need better jobs in Miami!! We need tech, pharma, etc.

And we also need more and better graduate programs.

Anonymous
3 months ago

Better jobs are coming and Miami’s finance field is exploding. People are obsessed with tech and I don’t think miami will really capture much if that market beyond fun tech. The are many other smaller cities that have a bigger tech scene such as Austin TX or even Salt Lake City UT.

Anonymous
3 months ago

Don’t forget about Atlanta too

Anonymous
3 months ago

Don’t forget about Raleigh and Portland as well!

Anonymous
3 months ago

We need more people qualified for those tech and pharma jobs. A high school diploma will not cut it.

Not Anonymous
3 months ago

absolutely

Robert
3 months ago

We need variety of jobs and industries. Cities that rely on few industries tend to perform poorly when there are economic downturns.

Anonymous
3 months ago

Biotechnology type pharma, like Genentech, will never be big in Miami. It’s not an easy industry to move. However, finance and other tech industries are moving.

Anonymous
3 months ago

DeSantis and Suarez are GOATED.

Anonymous
3 months ago

They hate each other.

Southern Smoke
3 months ago

Even if they did, who cares.. They are both doing a great job

Anonymous
3 months ago

Exactly. Every politician these days seems to just wanna cry about the other side and get nothing done. These two just put their heads down and work. It’s making our city/state the best in the nation.

Anonymous
3 months ago

^
“My job is to make sure Obama becomes a one term president.”

– Mitch McConnell

lol…

Anonymous
3 months ago

Keep in mind, “unemployed” means actively looking for work. It’s probably higher, but still relatively lower than other certain metro areas of other certain states…

Anonymous
3 months ago

Many unemployed are actively looking for handouts

Anonymous
3 months ago

Another brainwashed liberal democrat with nothing intelligent to say. Only interested in inciting race hatred and democrat policy failures

Anonymous
3 months ago

We need Mexican hats factories,they produce a lot of high paying jobs. More Mexican sombrero factories please thank you

Anonymous
3 months ago

Thank you President Biden!

Anonymous
3 months ago

Thank You Gov. DeSantis and Mayor Suarez for not locking us down and have a business friendly environment!

Not Anonymous
3 months ago

Wow, politics! what a suprise!

Anonymous
3 months ago

DeSantis = KKK!!!

Anonymous
3 months ago

Don’t forget Brandon was bestie with real Kx3 higher ups and voted against segregation.
You manipulated fool

Anonymous
3 months ago

And don’t you forget that New Nazis, Aryan Nation, KKK, Proud Boys, Neo Confederate,

Anonymous
3 months ago

^ … are all rightwingers.

Anonymous
3 months ago

Can you read what you just wrote? Maybe we should do actual voter suppression bring back literacy tests.

Anonymous
3 months ago

Yeah, just like Micheal Cohen was brainwashed also.

Anonymous
3 months ago

Gillum = KKKetamine

Anonymous
3 months ago

Another racist liberal with not an intelligent thought

Patrick Peterson
3 months ago

Biden’s massive inflation lmaoo

Anonymous
3 months ago

Imagine thinking the president controls inflation 🤡

Anonymous
3 months ago

J Pow’s money printer aside, when you destroy energy independence we achieved for the first time in over 60 years, oil prices tend to go up, and everything associated with it.

Anonymous
3 months ago

Define “energy independence”. I don’t see how continuing to import oil makes us “oil independent”.

Anonymous
3 months ago

I really enjoy the media’s narrative flip of “everything is the president’s fault” to “nothing is the president’s fault!” it’s been really fun to watch everyone repeat the talking points they are so dutifully fed year over year.

Anonymous
3 months ago

Biden’s liberal administration policies does

Anonymous
3 months ago

Moton!

Anonymous
3 months ago

Isn’t Biden the guy that called it Neanderthal thinking when states starting opening back up and refused to do more lockdowns?????

Anonymous
3 months ago

On the Mexico part, it’s true. When you look at the migrants at the border and watch their interviews, I haven’t seen one that was a doctor, engineer, or computer programmer. Valuable and skilled immigrants take a plane to reach the USA, they don’t pay a coyote to sneak in.

Anonymous
3 months ago

^ you mean, you can look at a person and know if he/she is a “doctor, engineer, or computer programmer?”

Damn you’re good…

Anonymous
3 months ago

Well since they’re being interviewed, most state their looking for a job and their children are students.

Anonymous
3 months ago

LOL twelve years ago, remember when Democrats called McCain a war criminal and Romney worse than Bin Laden because he put his dog on the top of a car during a road trip? All of a sudden they are conveniently heroes.

Anonymous
3 months ago

Don’t forget the wall. Did Mexico pay up? Lol! Don’t you feel stupid?

Anonymous
3 months ago

Yes, with renegotiated tariffs per the USMCA, on goods Mexico refused to lift tariffs on, despite NAFTA being called “free trade.” All of a sudden you’re a fiscal conservative when the wall is chump change compared to Brandon’s CBO failing grade infrastructure bill that won’t even be enough to fix street lights?

Anonymous
3 months ago

Isn’t Brandon the guy who told people you won’t get “COVIS” if you got the vaccine, and claims to have been caught completely off guard over Omicron, despite science telling us viruses mutate as if Delta wasn’t enough? Isn’t the guy advising Brandon the same guy who told people in March 2020 that masks are a false sense of safety and mandating a vaccine would be impossible and unlawful?

Anonymous
3 months ago

^ I guess you’ve been conveniently ignoring the Hillary Clinton bashing that’s been going on for the last four years.

Anonymous
3 months ago

Anybody who thinks this is true is delusional.
Even hardcore Dems are scratching their heads wondering how to go on for another 3 yrs….

Anonymous
3 months ago

Forget about what the Democrats think and keep telling yourself that the storming of the capitol building was just “peaceful protesting.”

Anonymous
3 months ago

Like ANTIFA and BLM murdering citizens, burning buildings including churches, government buildings and occupying and terrorizing communities in their “summer of love”

Anonymous
3 months ago

^ Again, tell me one incident where ANTIFA(?) and BLM members were arrested for “murdering citizens, burning buildings including churches, government buildings and occupying and terrorizing communities?”

Anonymous
3 months ago

Biden is the worst president in history. If the democrats do nothing the economy will come back on its own without their policy failures holding it back

Anonymous
3 months ago

^ In 2007, the DOW hit a low 680 and this country was in a recession with a republicon president in the whitehouse.

Anonymous
3 months ago

Thank you Brandon!

Anonymous
3 months ago

You really are either delusional or in denial. I mean really.
Do you REALLY think so?
Hahahaha
You’re a joke

Anonymous
3 months ago

OK guys than be thankful for paying double for gas, for our open borders, high crime in blue run cities, high inflation, for abandoned brothers and sisters in A..stan, for leaving 80B worth of arms in the hands of terrorists and on and on. Actions speak louder than words

Anonymous
3 months ago

Funny, isn’t that something we already went through with GW Bush?

Anonymous
3 months ago

Great news. Keep voting Blue, Miami! And let’s turn Florida blue!

Anonymous
3 months ago

With the ongoing influx of northerners and califorians, we’ll continue getting and seeing these transformations.

Anonymous
3 months ago

Yet for the first time since Reconstruction, when the north encouraged carpetbaggers to move to the South, Republicans out-register Democrats. Cautiously optimistic, I know, yet people have been moving from California to Texas for thirty years, and it’s still red.

Anonymous
3 months ago

Funny, a person from a blue state is turning Florida red.