The number of retail jobs South Florida is adding is helping the local economy to recover.
Although unemployment remains high throughout the state, Florida's economy is slowly beginning to recover from the economic downturn. As the number of jobs continues to grow on a monthly and yearly basis, more businesses are being drawn to the area.
During March, Florida's unemployment rate dropped from 11.5 percent to 11.1 percent, after falling from 11.9 percent during February. Despite the decrease, the state's rate is still higher than the national average of 8.8 percent.
Florida employed a total of 7,205,300 people during March, which is up from 7,182,700 workers during February and a .7 percent increase from last year, according to the U.S. Bureau of Labor Statistics.
The Ft. Lauderdale area had an unemployment rate of 9.7 percent during February. The area employed about 708,800 workers last month, which is up from 706,300 workers during February and a .5 percent increase from last year.
Many of the jobs Fort Lauderdale (Click here) is adding are due to an increase in retailers moving to the area. According to an article by the South Florida Sun-Sentinel, several retailers have signed leases in the area and are already open or are planning to open soon.
Some of those companies located in Broward include:
- Michaels - North Federal Highway in Fort Lauderdale
- PetSmart - North Federal Highway in Fort Lauderdale
- Dollar Tree - Southland Shopping Center in Fort Lauderdale
- Dollar General - Lakes Medical Center in Lauderdale Lakes
- Burlington Coat Factory - Lauderdale Lakes Mall in Lauderdale Lakes
- Buy Buy Baby - Colonial Shoppes Pines Plaza in Pembroke Pines
- Aldi Inc. - Colonial Shoppes Pines Plaza in Pembroke Pines
- Best Buy - Tower Shops in Davie
- Big Lots - Coral Square Promenade in Coral Springs
- Audi - Lighthouse Point