Unemployment rate
3.2%
-0.5 pp vs Aug
-0.4 pp vs Sep 2025
Sep 2026 · not seasonally adjusted · BLS Local Area Unemployment Statistics (metro), via FRED
Miami metro economy by the numbers
The Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area is shown here through Miami-Dade County, Broward County and Palm Beach County: Miami, Fort Lauderdale, West Palm Beach, Hialeah, Boca Raton, Pompano Beach and Hollywood. These are the official monthly and quarterly numbers for the metro's jobs, housing, wages and prices, each one dated and linked to its source, updated the day the agency publishes.
Unemployment rate
3.2%
Sep 2026 · -0.4 pp from a year earlier
Next metro jobs releaseDec 2, 202610:00 ETFull calendar →
Unemployment
3.2%
Sep 2026 · -0.4 pp y/y
Payrolls y/y
0.3%
Sep 2026 · +0.3 pp y/y
House prices y/y
1.3%
Q2 2026 · -3.5 pp y/y
Listing price
$490,000
Sep 2026 · -2.0% y/y
Weekly wages
$1,588
Q1 2026 · +4.7% y/y
CPI y/y
3.7%
Sep 2026 · +1.0 pp y/y
Jobs
Civilian labor force
3,302,668
+0.4% vs Aug
+0.9% vs Sep 2025
Sep 2026 · not seasonally adjusted · BLS Local Area Unemployment Statistics (metro), via FRED
Nonfarm payroll employment
2,978.1K
-0.0% vs Aug
+0.3% vs Sep 2025
Sep 2026 · seasonally adjusted · BLS Current Employment Statistics (metro), via FRED
Payroll employment, year over year
0.3%
+0.2 pp vs Aug
+0.3 pp vs Sep 2025
Sep 2026 · seasonally adjusted · BLS Current Employment Statistics (metro), via FRED; year-over-year change computed by MarketIntelLabs
Housing
Housing units authorized by building permits
1,862
+37.0% vs Aug
+23.6% vs Sep 2025
Sep 2026 · not seasonally adjusted · Census Bureau Building Permits Survey (metro), via FRED
FHFA house price index (all transactions), Miami-Miami Beach-Kendall division
666.2
-0.7% vs Q1
+1.3% vs Q2 2025
Q2 2026 · not seasonally adjusted · FHFA All-Transactions House Price Index (Miami-Miami Beach-Kendall metropolitan division), via FRED
House prices, year over year
1.3%
-3.3 pp vs Q1
-3.5 pp vs Q2 2025
Q2 2026 · not seasonally adjusted · FHFA All-Transactions House Price Index (Miami-Miami Beach-Kendall metropolitan division), via FRED; year-over-year change computed by MarketIntelLabs
Median listing price
$490,000
unchanged vs Aug
-2.0% vs Sep 2025
Sep 2026 · not seasonally adjusted · Realtor.com Housing Inventory (metro), via FRED
Active listings
41,277
+0.9% vs Aug
-12.3% vs Sep 2025
Sep 2026 · not seasonally adjusted · Realtor.com Housing Inventory (metro), via FRED
Median days on market
85
unchanged vs Aug
-4.5% vs Sep 2025
Sep 2026 · not seasonally adjusted · Realtor.com Housing Inventory (metro), via FRED
Wages
Average weekly wages, all covered employment
$1,588
+1.1% vs Q4
+4.7% vs Q1 2025
Q1 2026 · seasonally adjusted · BLS Quarterly Census of Employment and Wages (metro), via FRED
Prices
Consumer prices, South region, year over year
3.7%
+0.3 pp vs Aug
+1.0 pp vs Sep 2025
Sep 2026 · not seasonally adjusted · BLS Consumer Price Index, South region, all items, via FRED; year-over-year change computed by MarketIntelLabs
Unemployment by county
| County | Rate | Year ago | Change |
|---|---|---|---|
| Miami-Dade County | 1.9% | 2.9% | -1.0 pp |
| Broward County | 4.1% | 4.0% | +0.1 pp |
| Palm Beach County | 4.4% | 4.3% | +0.1 pp |
Sep 2026, not seasonally adjusted. Source: BLS Local Area Unemployment Statistics, via FRED.
Why Miami
South Florida's three counties combine finance, trade, tourism and the largest wave of wealth migration of the 2020s. FHFA publishes house prices by division; the Miami-Miami Beach-Kendall division is shown. The South region CPI stands in for prices; the BLS Miami index is bi-monthly.
Questions readers ask
- What is the unemployment rate in Miami?
- The Miami metro unemployment rate is the Bureau of Labor Statistics' Local Area Unemployment Statistics figure for the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan statistical area, not seasonally adjusted, published about six weeks after the month ends. The headline at the top of this page is the latest print; the county table shows how Miami-Dade County, Broward County and Palm Beach County compare.
- How many jobs does the Miami metro have?
- Nonfarm payroll employment counts jobs on employer payrolls in the metro, in thousands, seasonally adjusted, from the BLS Current Employment Statistics survey. The year-over-year line shows whether hiring is accelerating or slowing; it is the cleanest single read on the local labor market.
- Are Miami home prices going up or down?
- Two measures are shown. The FHFA house price index tracks repeat sales of the same homes each quarter, so it measures price change rather than the mix of what sold. The Realtor.com median listing price is the monthly asking price of homes on the market; with active listings and days on market it shows how the market feels to a buyer today.
- Where do these numbers come from?
- Every series is a public federal statistic (BLS, Census Bureau, FHFA) or Realtor.com's monthly housing inventory, retrieved from the Federal Reserve Bank of St. Louis FRED database. Each figure links to its source series. MarketIntelLabs computes the year-over-year changes and writes the fact sheet; nothing on this page is estimated or modelled.
Fact sheet
Every figure above, as one dated sentence each. This is the text our desk writes from; a local newsroom may quote it with attribution to the source named in each line.
- Miami metro unemployment rate: 3.2% in September 2026, down 0.4 percentage points from 3.6% in September 2025; prior reading 3.7% (August 2026). Source: BLS Local Area Unemployment Statistics (metro), via FRED; not seasonally adjusted.
- Miami metro civilian labor force: 3,302,668 in September 2026, up 1.0% from 3,271,656 in September 2025; prior reading 3,289,723 (August 2026). Source: BLS Local Area Unemployment Statistics (metro), via FRED; not seasonally adjusted.
- Miami metro nonfarm payroll employment: 2,978.1 thousand in September 2026, up 0.3% from 2,970.4 thousand in September 2025; prior reading 2,978.6 thousand (August 2026). Source: BLS Current Employment Statistics (metro), via FRED; seasonally adjusted.
- Miami metro payroll employment, year over year: 0.3% in September 2026, up 0.4 percentage points from -0.1% in September 2025; prior reading 0.1% (August 2026). Source: BLS Current Employment Statistics (metro), via FRED; year-over-year change computed by MarketIntelLabs; seasonally adjusted.
- Miami metro housing units authorized by building permits: 1,862 in September 2026, up 23.6% from 1,507 in September 2025; prior reading 1,359 (August 2026). Source: Census Bureau Building Permits Survey (metro), via FRED; not seasonally adjusted.
- Miami metro FHFA house price index (all transactions), Miami-Miami Beach-Kendall division: 666.2 in Q2 2026, up 1.3% from 657.9 in Q2 2025; prior reading 670.6 (Q1 2026). Source: FHFA All-Transactions House Price Index (Miami-Miami Beach-Kendall metropolitan division), via FRED; not seasonally adjusted.
- Miami metro house prices, year over year: 1.3% in Q2 2026, down 3.5 percentage points from 4.8% in Q2 2025; prior reading 4.6% (Q1 2026). Source: FHFA All-Transactions House Price Index (Miami-Miami Beach-Kendall metropolitan division), via FRED; year-over-year change computed by MarketIntelLabs; not seasonally adjusted.
- Miami metro median listing price: $490,000 in September 2026, down 2.0% from $499,900 in September 2025; prior reading $490,000 (August 2026). Source: Realtor.com Housing Inventory (metro), via FRED; not seasonally adjusted.
- Miami metro active listings: 41,277 in September 2026, down 12.3% from 47,046 in September 2025; prior reading 40,908 (August 2026). Source: Realtor.com Housing Inventory (metro), via FRED; not seasonally adjusted.
- Miami metro median days on market: 85 in September 2026, down 4.5% from 89 in September 2025; prior reading 85 (August 2026). Source: Realtor.com Housing Inventory (metro), via FRED; not seasonally adjusted.
- Miami metro average weekly wages, all covered employment: $1,588 in Q1 2026, up 4.7% from $1,516 in Q1 2025; prior reading $1,570 (Q4 2025). Source: BLS Quarterly Census of Employment and Wages (metro), via FRED; seasonally adjusted.
- Miami metro consumer prices, South region, year over year: 3.7% in September 2026, up 1.0 percentage point from 2.7% in September 2025; prior reading 3.4% (August 2026). Source: BLS Consumer Price Index, South region, all items, via FRED; year-over-year change computed by MarketIntelLabs; not seasonally adjusted.
- Miami-Dade County unemployment rate: 1.9% in September 2026, down 1.0 percentage point from a year earlier. Source: BLS LAUS (county), not seasonally adjusted.
- Broward County unemployment rate: 4.1% in September 2026, up 0.1 percentage points from a year earlier. Source: BLS LAUS (county), not seasonally adjusted.
- Palm Beach County unemployment rate: 4.4% in September 2026, up 0.1 percentage points from a year earlier. Source: BLS LAUS (county), not seasonally adjusted.
Fact sheet id 4eed243fc042 · data through Sep 2026
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