Showing Signs of Life – The Unemployment Rate In Miami-Dade County Drops to 13 Percent This July
Miami FL – According to recent surveys, the Miami-Dade reported that in the 2nd quarter of the year, the unemployment ratings have made a huge drop up to 13 percent, while Broward’s unemployment rating stayed consistent at 9.6 percent for quite some time now.
Although the unemployment rates have significantly decreased in the 2nd quarter, looking for jobs in South Florida is still not as easy as one might think it is. Thanks to new projects and developments taking place in some areas of Miami, several companies have hired extra help from contractual employees to ensure a faster completion time. Compared to June’s unemployment rating of 13.5 percent, it still give a lot of relief knowing that there is still work present in South Florida – all you have to do is be the first one on the list of applicants.
If you look at the statistics of unemployment ratings for the past 5 years or more, you can see that Miami is starting to recover, slowly yet surely, to its former glory. With over 18,000 hires as of 2011, it is quite relieving to know that progress is being made even if it just shows minimal effects to the overall statistics.
In Broward, however, they have managed to maintain the unemployment rate of 9.6 percent annually. The reason they have been consistent over the years is because of countless unfavorable revisions that affected the rate in June. Originally, Broward has been consistent at 9.5 percent for quite some time now. One of the reasons why there are not enough jobs to offer at the moment is because of the lack of developments being made so far.
The Sunshine State’s unemployment rating on an annual basis has been 10.7 percent – if there are more real estate projects and developments to be made in the near future – expect more job opportunities to be offered to the people, statewide.