Friday, April 12, 2024

See how low Palm Beach County’s unemployment rate fell – Palm Beach Post (blog)



Palm Beach County’s jobless rate dipped to 4.5 percent in December, the lowest point since June 2007.

Florida’s seasonally adjusted unemployment fell to 5 percent last month, down from 5.1 percent in November. The state continued to post strong job growth — Florida employment grew by 2.9 percent over the past year, compared to a national average of 1.9 percent.

Palm Beach County gained 14,100 jobs over the year, led by professional and business services, which added 6,900 jobs. Trade/transportation/utilities and education/health services added 3,100 jobs each. The low-paying leisure and hospitality sector added 1,600 positions.

Construction, once crucial to Palm Beach County’s job growh, remains a laggard. It added only 300 jobs over the past year.

Among Florida counties, unemployment ranged from a low of 3.2 percent in Monroe County to a high of 7.3 percent in Hendry County.


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Author: Red

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