Department of Numbers

Miami-Fort Lauderdale-West Palm Beach, Florida Unemployment

The BLS reported that the unemployment rate for Miami fell 0.0 percentage points in November 2023 to 2.4%. For the same month, the metro unemployment rate was 0.5 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 November 2023 Month/Month Year/Year
National 3.7% -0.1 +0.1
Florida 2.9% +0.1 +0.2
Miami 2.4% 0.0 -0.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2023 data as December 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 347,135 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 2,630. Miami employment and jobs data (including jobs lost/gained in Miami, Florida) is also available.

Unemployed Persons November 2023 Month/Month Year/Year
Miami 77,993 +461 -1,651

Number of Unemployed Persons

Miami, Florida Unemployment History

Date National
Unemployment Rate		 Florida
Unemployment Rate		 Miami
Unemployment Rate		 Miami
Unemployed
December
2023		 3.7% — — —
November
2023		 3.7% 2.9% 2.4% 77,993
October
2023		 3.8% 2.8% 2.4% 77,532
September
2023		 3.8% 2.8% 2.4% 77,198
August
2023		 3.8% 2.7% 2.4% 77,663
July
2023		 3.5% 2.7% 2.4% 78,050
June
2023		 3.6% 2.6% 2.4% 78,274
May
2023		 3.7% 2.6% 2.4% 77,337
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

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. ↩

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