Five things to know about Florida’s job market

Palm Beach County’s banks continue to grow more financially stable. (Getty Images)

(Getty Images)

Palm Beach County’s unemployment rate rose to 5.2 percent in July, up from 5 percent in June, the Florida labor department said Friday. Summer is usually a slow time for the region’s job market.

The labor force grew. There were 703,864 people in the county’s official labor force in July, up from 695,481 in June.

No change for Florida’s jobless rate. It’s still at 4.7 percent in July, same as June.

Professional and business services still leads the way. The sector added 53,400 jobs statewide over the past year. Other gainers were education and health services ( up 48,800 jobs), leisure and hospitality (41,100 jobs), trade, transportation, and utilities (30,700 jobs) and construction (26,400 jobs).

The wage picture looks promising — finally. State economists don’t report wage data, but the U.S. Labor Department report for July says paychecks jumped 2.6 percent over the past year, the sharpest increase in recent memory.

 

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