Miami Employers - Gas Costs Hurt
In Miami, some employers are reporting that the cost of gas could derail their ability to hire individuals. The cost of gas is on the rise and that means that not only will consumers and job seekers be affected, but so are area businesses. For some who are just on the verge of seeing improvements in costs and profits, this could mean a slowdown in their ability to hire. For those who are looking for jobs in Miami, the job market could be further at risk if these costs continue to rise.
Miami Jobs Not Moving as Fast
Though the national numbers seem to be very good, the country as a whole is not seeing the jobs increases that it needs to have to perform well. In the city of Miami, jobs are there, and they are growing monthly, but they are not growing at the rate fast enough for many people. If looking for jobs in Miami, a number of factors could be affecting your ability to find the jobs you need. What do you see happening in the positions, you are looking for in the Miami job market?
Job Growth Is Happening
American Airlines Cuts to Hit Miami
American Airlines is the country's third largest airline. It is currently in Chapter 11 bankruptcy because of losing profitability over the last few years. The company announced that it would like to cut as many as 1000 jobs in the Miami area in order to pull itself out of bankruptcy. In a city where the unemployment rate remains high, this job cut could be problematic for many people, including those working in supporting industries.
The company announced it would be slashing as many as 13,000 employees throughout the world. It is estimated that about 1000 of those positions will come from the Miami area. The company noted that in order to pull itself out of bankruptcy it needed to shed as many as 13,000 jobs throughout the world in positions ranging from baggage handlers, pilots, flight attendants and maintenance crews. Management positions would also be affected in most areas.
Is The Miami Job Market Really Improving?
In Miami, the job market seems to be improving. If you look at it from the point of view of the unemployment numbers, the job market seems to be doing very well. On the other hand, some state that the reason these numbers look good is the county's declining labor pool. In 2011, there are improvements noticeable in the hiring of businesses. About 35,000 jobs have been added to the payrolls in the Miami Dade area in the last year. The unemployment rates in the area are down, too, so what's the big deal?
According to reports, Broward's unemployment rate was down to 8.6 percent for the month of December. Moreover, Miami Dade saw a drop as well, at 10.2 percent for the month. In the summer months, the unemployment rate there was at 13 percent. These numbers look good but there is a hidden factor playing a role in the true story behind them. People are leaving the labor pool and that means they are no longer counted as being unemployed individuals.
In Miami, Job Market Is Getting Better
The Miami job market is seeing improvement. In fact, investors are happy to say that things are getting better in the Miami Dade region. On Friday, a nationwide announcement indicated that the country added 200,000 jobs in the month of December. That helped to push the national unemployment rate lower, to 8.5 percent. More so, the report indicated that most of the country's largest industries are seeing growth. But, what does this mean for Miami specifically?
Finding the Jobs in Miami
The increase in employment nationwide does signal an increase in the Miami hiring numbers, too. For those who are looking for a job in this area, the strongest growth in the area continues to be in three specific industries: professional services, healthcare and tourism. For example, in Broward county, about 4700 jobs are on the payrolls this year that were not last year. 60 percent of those positions came from tourism in the area.