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Wednesday, June 09, 2010

Fort Lauderdale Jobs Lost

Despite a continual decrease in the city's unemployment rate, more Fort Lauderdale jobs (Click here) have been lost as of late.

During April, the unemployment rate in Ft. Lauderdale decreased from 10.6 percent to 9.9 percent, after a decrease from 10.9 percent during March. That decrease keeps the city's rate even with the national average at the time of 9.9 percent.

The Fort Lauderdale-Pompano Beach-Deerfield Beach area had a total non-farm employment of 701,800 workers during April, according to the U.S. Bureau of Labor Statistics. This is down from 702,400 workers during March and a 2.3 percent decrease from last year.

Only four industries managed to see a monthly increase in employment during April, including: government by 1,400 jobs; professional and business services by 700 jobs; construction by 300 jobs; and manufacturing by 300 jobs.

The trade, transportation and utilities; information; financial activities; education and health services; leisure and hospitality; and other services industries all lost workers between March and April.

In addition, only two industries saw a yearly decrease in employment. The education and health services industry increased by 1.9 percent to 95,300 jobs, while the professional and business services industry grew by 1.3 percent to 113,900 jobs.

The construction industry took the biggest hit when compared to last year, losing 16.8 percent of its workforce between April 2009 and April 2010, to 32,100 jobs.

Other industries that declined in employment over the year include:
Information by 9.7 percent
Financial activities by 6.3 percent
Manufacturing by 6.1 percent
Leisure and hospitality by 3.1 percent
Trade, transportation and utilities by 1.6 percent
Other services by 1 percent
Government by .8 percent

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