West Palm Beach, Fla. (Dec. 20, 2024) – CareerSource Palm Beach County and FloridaCommerce have released the latest employment data for November 2024, with the unemployment rate standing at 3.6%.
Several industries experienced notable growth:
- Education and Health Services: +4,100 jobs (+3.5%)
- Leisure and Hospitality: +2,700 jobs (+2.9%)
- Government: +2,100 jobs (+3.2%)
Palm Beach County stands out with the third highest annual job growth in the Leisure and Hospitality sector, adding 2,700 jobs. This sector also boasts the third fastest annual job growth rate at 2.9% among all metro areas in the state, underscoring the area's appeal as a top destination for both visitors and residents.
Job growth/loss by industry sector:
|
Industry
|
Change
|
Total Jobs
|
|
Education/health services
|
+4,100 jobs
|
121,600
|
|
Leisure and hospitality
|
+2,700 jobs
|
95,200
|
|
Government
|
+2,100 jobs
|
67,800
|
|
Construction
|
+1,800 jobs
|
47,000
|
|
Trade/transportation/utilities
|
+900 jobs
|
131,000
|
|
Financial activities
|
-800 jobs
|
49,500
|
|
Information
|
-300 jobs
|
11,300
|
|
Professional business services
|
-900 jobs
|
134,800
|
Empowering Communities Through Employment Programs
By utilizing various grants, CareerSource Palm Beach County demonstrates its commitment to empowering individuals, supporting families, and fostering a thriving local economy. "We are dedicated to creating meaningful opportunities and driving economic growth within our community," said Julia Dattolo, President and CEO of CareerSource Palm Beach County. The following programs, which highlight our achievements in 2024, help create opportunities and drive economic growth within the community.
Jobs for Veterans’ State Grant
Since 2019, FloridaCommerce has received over $67 million through the Jobs for Veterans’ State Grant program. Each year, about 250,000 service members transition to civilian life, pursuing higher education, starting businesses, or reentering the workforce. Florida supports over 185,756 veteran-owned businesses, driving economic prosperity for veterans and their families.
Non-Custodial Parent Employment Program
In September, FloridaCommerce allocated over $6.5 million to nine organizations through the Non-Custodial Parent Employment Program, enhancing self-sufficiency and strengthening families across Florida.
Hope Florida
Through Hope Navigators at career centers and the Employ Florida system, 73% of Hope Florida participants facing employment barriers have secured jobs. The Reemployment Services and Eligibility Assessment (RESEA) pilot project offers reemployment services to those at risk of exhausting their benefits, with over 9,000 jobs accessed through the platform.
Information sourced from the FloridaCommerce press release dated December 20, 2024
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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 1 p.m. today.
Note: The unemployment rate is a measure of how many people in the labor force are out of a job. For example, if total employment holds constant and unemployed Americans stop looking for work, thereby leaving the labor force, the unemployment rate will fall even though no jobs have been added. Conversely, if employment holds steady and recent graduates enter the labor force looking for work, the unemployment rate will rise even though no jobs have disappeared.
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.