Article Review 2 Spring 2018 Econ.pdf

With rents and housing prices rising dramatically its

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''With rents and housing prices rising dramatically, it's awfully tough for someone with a lower paying job to find a place to live,'' he said, adding those prices discourage lower- paid hospitality workers from moving to South Florida. ``We're stuck trying to hire folks from the existing population, and it's pretty tight right now.'' Miami-Dade's unemployment rate last month was 3.6 percent, compared to 3.5 percent in January and 4.7 percent in February 2005, according to preliminary data released by the state Agency for Workforce Innovation on Thursday. Broward's unemployment rate continued to decline, at 3 percent, compared to 3.1 percent in January and 4.2 percent in February last year. Monroe's rate was even lower -- 2.6 percent, down from 2.7 percent in January and and 3.2 percent a year ago.
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Oceanside Resorts President Claire Callen said she's having a hard time finding qualified workers for the company's hotels, which include the Holiday Inn near Miami International Airport and the Fairwind Hotel and Holiday Inn on South Beach. ''It's gotten more competitive, for sure,'' she said. Callen said it's even more difficult for her to staff the Holiday Inn near the airport compared to the Beach hotels, which pay on average about 10 percent more. The company offers free parking and meals, 401(k) plans and tuition reimbursement up to $1,000 a year for all its full-time workers. Over the last year, Miami-Dade and Broward counties have added 5,600 jobs in leisure and hospitality, one of South Florida's biggest sectors. These jobs include work at hotels,
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