Department of Numbers

Palm Bay-Melbourne-Titusville, Florida Unemployment

The BLS reported that the unemployment rate for Palm Bay fell 0.0 percentage points in January 2023 to 2.5%. For the same month, the metro unemployment rate was 0.1 percentage points lower than the Florida rate. The unemployment rate in Palm Bay peaked in April 2020 at 12.7% and is now 10.2 percentage points lower. From a post peak low of 2.5% in August 2022, the unemployment rate has now grown by 0.0 percentage points. You can also compare Palm Bay unemployment with unemployment in other cities.

Unemployment Rate January 2023 Month/Month Year/Year
National 3.4% -0.1 -0.6
Florida 2.6% -0.1 -0.9
Palm Bay 2.5% 0.0 -0.6
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with January 2023 data as February 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 34,181. There are now 26,723 fewer people unemployed in the metropolitan area. From a recent trough of 7,440 in September 2022, the number of unemployed has now grown by 18. Palm Bay employment and jobs data (including jobs lost/gained in Palm Bay, Florida) is also available.

Unemployed Persons January 2023 Month/Month Year/Year
Palm Bay 7,458 -88 -1,682

Number of Unemployed Persons

Palm Bay, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Palm Bay
Unemployment Rate
Palm Bay
Unemployed
February
2023
3.6%
January
2023
3.4% 2.6% 2.5% 7,458
December
2022
3.5% 2.7% 2.5% 7,546
November
2022
3.6% 2.7% 2.5% 7,587
October
2022
3.7% 2.7% 2.5% 7,488
September
2022
3.5% 2.7% 2.5% 7,440
August
2022
3.7% 2.7% 2.5% 7,501
July
2022
3.5% 2.7% 2.6% 7,687
June
2022
3.6% 2.8% 2.7% 7,885
May
2022
3.6% 2.9% 2.7% 8,010
April
2022
3.6% 3.0% 2.8% 8,235
March
2022
3.6% 3.1% 2.9% 8,529

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.