Palm Bay-Melbourne-Titusville, Florida Unemployment
The BLS reported that the unemployment rate for Palm Bay rose 0.1 percentage points in November 2023 to 3.1%. For the same month, the metro unemployment rate was 0.2 percentage points higher than the Florida rate. The unemployment rate in Palm Bay peaked in April 2020 at 12.3% and is now 9.2 percentage points lower. From a post peak low of 2.5% in February 2023, the unemployment rate has now grown by 0.6 percentage points. You can also compare Palm Bay unemployment with unemployment in other cities.
| Unemployment Rate | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.7% | -0.1 | +0.1 |
| Florida | 2.9% | +0.1 | +0.2 |
| Palm Bay | 3.1% | +0.1 | +0.5 |
Unemployment Rate: Palm Bay, Florida, National
Note: Recessions shown in gray.
Palm Bay, Florida Unemployed
The number of people unemployed in Palm Bay peaked in May 2020 at 34,221. There are now 24,772 fewer people unemployed in the metropolitan area. From a recent trough of 7,659 in January 2023, the number of unemployed has now grown by 1,790. Palm Bay employment and jobs data (including jobs lost/gained in Palm Bay, Florida) is also available.
| Unemployed Persons | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Palm Bay | 9,449 | +208 | +1,620 |
Number of Unemployed Persons
Palm Bay, Florida Unemployment History
| Date | National Unemployment Rate |
Florida Unemployment Rate |
Palm Bay Unemployment Rate |
Palm Bay Unemployed |
|---|---|---|---|---|
| December 2023 |
3.7% | — | — | — |
| November 2023 |
3.7% | 2.9% | 3.1% | 9,449 |
| October 2023 |
3.8% | 2.8% | 3.0% | 9,241 |
| September 2023 |
3.8% | 2.8% | 2.9% | 8,979 |
| August 2023 |
3.8% | 2.7% | 2.9% | 8,697 |
| July 2023 |
3.5% | 2.7% | 2.8% | 8,491 |
| June 2023 |
3.6% | 2.6% | 2.7% | 8,307 |
| May 2023 |
3.7% | 2.6% | 2.7% | 8,180 |
| April 2023 |
3.4% | 2.6% | 2.6% | 7,919 |
| March 2023 |
3.5% | 2.6% | 2.6% | 7,824 |
| February 2023 |
3.6% | 2.6% | 2.5% | 7,662 |
| January 2023 |
3.4% | 2.6% | 2.6% | 7,659 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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