Miami has emerged from the pandemic with mixed results. It has recovered 48% of its lost jobs from the nadir of the pandemic. This is weaker than most of Florida. Its net decline of 6.4% from the previous peak of Q1 2020 ranks 33rd of the largest 51 metros and below the US net decline of 5.6%. Miami is expected to see job growth of 3.2% in 2021, 4.6% in 2022 and is expected to recover all of its lost jobs in Q2 2022. Looking medium term, Miami is expected to see average annual job growth of 0.8% from 2023 to 2025 which ranks 20th of 51 metros.
What you will learn: