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The numbers analyzed
In March 2021, the not seasonally adjusted unemployment rate in Miami-Dade County was 8.2 percent. From February 2021 to March 2021, there was an increase of 7,800 nonagricultural payroll jobs, which is a 0.7 percentage point increase. Many sectors have begun adding jobs. The County had a reduction of 82,500 nonagricultural payroll jobs (not seasonally adjusted), from March 2020 to March 2021 which was a 6.8 percentage point decrease, still reflecting the COVID-19 crisis.
Non-agricultural Payroll Jobs
Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (March 2020 with March 2021). This is in particularly true when comparing the three months leading up to the COVID-19 crisis to the first three months of 2021. The graph below shows the payroll data since November 2018.
Between March 2020 and March 2021, every sector saw a decrease in the number of non-agricultural payroll jobs. At the same time, the change in non-agricultural payroll job between February 2021 and March 2021 shows that many sectors are adding jobs during that time period.
The Miami-Dade Beacon Council is the official economic development organization for Miami‐Dade County. Its mission is to increase jobs and investment through marketing Miami as a world-class business destination; helping grow local companies; and shaping Miami-Dade’s economic future. Since 1985, the organization has assisted more than 1,200 businesses to expand in or relocate to Miami-Dade creating over 100,000 direct and indirect jobs combined and driving more than $6.6 billion in new capital investments. A professional staff and volunteer community leaders work together to promote Miami-Dade as a world‐class 21st century community at the forefront of a changing global economy.
For more information: www.beaconcouncil.com.
