Labor Market Insights

Instawork's monthly summary of changes in roles, pay, demographics, and tightness in the local labor market:

Questions?

Please contact the Economic Research team at press@instawork.com

Average hourly pay via Instawork data chart, for the Miami market

Government Statistics

$29.69

mean hourly pay

$5.16 lower than the national mean*

2.7%

unemployment rate

0.8% lower than the national average**

11.5%

higher consumer prices

relative to the national average***

* Bureau of Labor Statistics, all occupations, Apr-24

** Bureau of Labor Statistics, headline unemployment rate, Apr-24

*** Bureau of Economic Analysis, Jan-22