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 |
Unemployment Rate: Palm Bay, Florida, National
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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