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 |
Unemployment Rate: Miami, Florida, National
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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