How does the number of office job postings in Fort Lauderdale compare to salary growth?

• Fort Lauderdale has witnessed a downward shift in office job postings after reaching a peak in the first quarter of 2022, reflecting a transition in the labor market. Economic headwinds have led companies to implement cost-saving efforts, resulting in the lowest number of in-office job postings in the third quarter of 2023 and stagnant wage growth.
• Office job postings in Broward County have decreased for seven consecutive quarters, as the third quarter of 2023 ended with just over 12,000 open positions, a 15.2% decline from 2022.
• The legal occupations sector experienced the most substantial salary growth in 2022 and 2023 within the office market with an 8.9% year-over-year increase. In contrast, business and financial occupations, as well as computer and mathematical occupations each observed declines in wages of 3% from the fourth quarter of 2022 to the same period in 2023.

December 19, 2023

Additional resources

• Office employment and job posting data paint different complexions on the U.S. economy. Which is more telling?
• Fort Lauderdale's office job postings remain elevated compared to pre-pandemic levels

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