Department of Numbers

Miami-Fort Lauderdale-West Palm Beach, Florida Unemployment

The BLS reported that the unemployment rate for Miami rose 0.1 percentage points in May 2023 to 2.4%. For the same month, the metro unemployment rate was 0.2 percentage points lower than the Florida rate. The unemployment rate in Miami peaked in May 2020 at 14.4% and is now 12.0 percentage points lower. From a post peak low of 2.3% in March 2023, the unemployment rate has now grown by 0.1 percentage points. You can also compare Miami unemployment with unemployment in other cities.

Unemployment Rate May 2023 Month/Month Year/Year
National 3.7% +0.3 +0.1
Florida 2.6% 0.0 -0.3
Miami 2.4% +0.1 -0.4
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with May 2023 data as June metro level unemployment data has not yet been released.

Unemployment Rate: Miami, Florida, National

Miami, Florida monthly unemployment rate chart

Note: Recessions shown in gray.

Miami, Florida Unemployed

The number of people unemployed in Miami peaked in May 2020 at 425,128. There are now 347,789 fewer people unemployed in the metropolitan area. From a recent trough of 75,363 in April 2023, the number of unemployed has now grown by 1,976. Miami employment and jobs data (including jobs lost/gained in Miami, Florida) is also available.

Unemployed Persons May 2023 Month/Month Year/Year
Miami 77,339 +1,976 -12,988

Number of Unemployed Persons

Miami, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Miami
Unemployment Rate
Miami
Unemployed
June
2023
3.6%
May
2023
3.7% 2.6% 2.4% 77,339
April
2023
3.4% 2.6% 2.3% 75,363
March
2023
3.5% 2.6% 2.3% 75,436
February
2023
3.6% 2.6% 2.4% 76,109
January
2023
3.4% 2.6% 2.4% 77,344
December
2022
3.5% 2.7% 2.5% 79,831
November
2022
3.6% 2.7% 2.5% 79,644
October
2022
3.7% 2.7% 2.5% 79,741
September
2022
3.5% 2.7% 2.5% 80,872
August
2022
3.7% 2.7% 2.6% 82,424
July
2022
3.5% 2.7% 2.6% 84,393

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.