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 May 2023 to 2.7%. For the same month, the metro unemployment rate was 0.1 percentage points higher than the Florida rate. The unemployment rate in Palm Bay peaked in April 2020 at 12.3% and is now 9.6 percentage points lower. From a post peak low of 2.5% in February 2023, the unemployment rate has now grown by 0.2 percentage points. You can also compare Palm Bay unemployment with unemployment in other cities.

Unemployment Rate May 2023 Month/Month Year/Year
National 3.7% +0.3 +0.1
Florida 2.6% 0.0 -0.3
Palm Bay 2.7% +0.1 -0.2
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with May 2023 data as June 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 26,038 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 524. Palm Bay employment and jobs data (including jobs lost/gained in Palm Bay, Florida) is also available.

Unemployed Persons May 2023 Month/Month Year/Year
Palm Bay 8,183 +264 -398

Number of Unemployed Persons

Palm Bay, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Palm Bay
Unemployment Rate
Palm Bay
Unemployed
June
2023
3.6%
May
2023
3.7% 2.6% 2.7% 8,183
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
December
2022
3.5% 2.7% 2.6% 7,847
November
2022
3.6% 2.7% 2.6% 7,829
October
2022
3.7% 2.7% 2.6% 7,822
September
2022
3.5% 2.7% 2.6% 7,881
August
2022
3.7% 2.7% 2.7% 7,982
July
2022
3.5% 2.7% 2.8% 8,128

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.