The Florida Department of Economic Opportunity Announces the Miami Area October 2020 Employment Data

Nov 20, 2020

TALLAHASSEE, Fla. — Today, the Florida Department of Economic Opportunity announced the Miami area private-sector employment decreased by 61,700 jobs (-5.7 percent) over the year. The Miami area’s unemployment rate was 8.8 percent in October.

The industries losing the most jobs over the year were:   leisure and hospitality (-26,900 jobs);  trade, transportation, and utilities (-14,000 jobs); government (-13,200 jobs); and education and health services (-11,900 jobs).  Three major industries gained jobs over the year in October 2020:  construction (+1,400 jobs); manufacturing (+1,100 jobs); and financial activities (+900 jobs).

Statewide, the number of private-sector jobs increased 61,100, up 0.8 percent from September 2020.  Florida’s unemployment rate decreased to 6.5 percent in October 2020.  Florida’s labor force was down 14,000 (-0.1 percent) over the month.

To view the October 2020 employment data, visit www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases.  

 

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