South Florida is for all practical purposes out of the economical slump that it had suffered from the Financial crisis. It is so refreshing to see that more and more South Floridians are finding new jobs. This is a clear sign that businesses are doing better and feel comfortable enough to hire. The South Florida Business Journal reports that:

South Florida’s unemployment rate dropped to 7 percent in October, an improvement over last year’s 8.2 percent.

Florida’s seasonally adjusted jobless rate was 6.7 percent in October, down 0.1 percentage points over the month and 1.5 percentage points from 8.2 percent a year ago, according to the Florida Department of Economic Opportunity.

The state’s October rate was the lowest since August 2008 when it was also 6.7 percent. There were 625,000 jobless Floridians out of a labor force of 9.4 million in October.

The U.S. unemployment rate was 7.3 percent in October.

The workforce in Miami-Dade, Broward and Palm Beach counties loss 8,752 jobs from September to October, according to state data. The labor force lost 13,160 people and dropped to 2.9 million.

During the last 12 months, the region gained 876 jobs overall, and decreased its unemployment rate by 1.2 percentage points.

Miami-Dade added 4,329 jobs in October, while its non-seasonally adjusted unemployment rate increased by 0.2 percentage points, month-over-month, to 8.5 percent. That number is 0.7 percentage points lower than the jobless rate one year ago. The county’s labor force gained 6,857 people in October.

Broward’s unemployment rate decreased 0.3 percentage points, to 5.3, in October. That number is less than what it was a year ago, at 6.9 percent. The county lost 9,481 jobs from September to October, while its labor force decreased by 13,092 people.

Palm Beach also saw a month-over-month decrease in its jobless rate – to 6.7 percent in October from 7.1 percent in September – and was down from last year’s 8.4 percent. The county lost 3,600 jobs between September and October, according to state data. The county’s labor force also lost 6,295 workers.

As companies grow so does their need for expanded space. We at Lakeside Executive Suites are proud to house some of the most successful local small businesses. Click here to see our array of offerings. Wishing you and your loved ones a very Happy Thanksgiving.