Department of Numbers

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
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2023 data as December metro level unemployment data has not yet been released.

Unemployment Rate: Palm Bay, Florida, National

Palm Bay, Florida monthly unemployment rate chart

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.