Palm Beach County's Unemployment Rate Rises Amid Seasonal Fluctuations
West Palm Beach, Fla. (July 19, 2024) – Palm Beach County's unemployment rate rose to 3.5% in June 2024, up from 2.9% in May 2024, likely due to seasonal fluctuations, according to the latest data released today by CareerSource Palm Beach County and FloridaCommerce (all numbers not seasonally adjusted).
- Overall Growth: Nonagricultural employment in the metro area increased by 13,600 jobs (a growth rate of 2.0%) over the year, reaching a total of 695,000 jobs.
- The Construction industry experienced the highest annual growth rate at 7.9%.
- Manufacturing also saw significant growth, adding 700 jobs to tie for the second-highest annual growth among all metro areas in the state.
Job growth/loss by industry sector: Palm Beach County saw notable job growth in several sectors, including Education and Health Services, Construction, and Government, while Information and Professional Business Services sectors experienced job losses.
|
Industry
|
Change
|
Total Jobs
|
|
Education/health services
|
+6,000
|
117,300
|
|
Construction
|
+3,400
|
46,500
|
|
Government
|
+2,200
|
62,400
|
|
Trade/transportation/utilities
|
+1,800
|
126,800
|
|
Leisure and hospitality
|
+1,100
|
93,200
|
|
Manufacturing
|
+700
|
22,300
|
|
Information
|
-700
|
11,300
|
|
Financial activities
|
No change
|
49,900
|
|
Professional business services
|
-600
|
135,200
|
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Note to editors: You are invited to interview a CareerSource spokesperson on local employment and economic trends. Please call 561.340.1060 ext. 2489 for scheduling before 3 p.m. today.
IN COMPLIANCE WITH THE STEVENS AMENDMENT:
CareerSource Palm Beach County, Inc. is the direct service provider for various workforce programs supported by the U.S. Departments of Labor, Health and Human Services, Education and other agencies as part of awards totaling $15,851,406 (revised annually). Unless otherwise stipulated, all statements, news releases, requests for proposals, bid solicitations and other applicable documents are fully funded from federal sources.
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