The Miami area continues to experience a record-low unemployment rate, with the latest Bureau of Labor Statistics (BLS) report indicating that in November, the unemployment rate in the Miami-Miami Beach-Kendall metropolitan division stood at 1.4 percent. This marks one of the lowest rates among major metropolitan areas in the United States.

Additionally, Miami-Miami Beach-Kendall saw the fastest year-over-year increase in employment among major metropolitan divisions, with a 3.9 percent growth in employment in November compared to the same period the previous year. These figures highlight the robust economic conditions and job market in the Miami area.

Bloomberg reported in January 2023 that Miami’s unemployment rate stood at the lowest level since records began in 1990.

(source: therealdeal.com, bloomberg.com, picture:  Brian Lundquist)