Four things to know about Palm Beach County’s job market

(Getty Images)
(Getty Images)

Noteworthy items from Friday’s Florida unemployment report:

  1. Palm Beach County unemployment dipped: It was 5.1 percent in August, down from 5.2 percent in July.
  2. Palm Beach County job growth remains comparatively tepid: Over the past year, Palm Beach County job growth was 2.3 percent. If we were in Texas or New York, that would be a strong showing. But in Florida, which posted 3 percent job growth over the past year, it’s not great.
  3. More middle-of-the-pack news: Palm Beach County’s unemployment is just above the statewide figure of 4.9 percent (seasonally unadjusted) and the national figure of 5 percent (also seasonally unadjusted).
  4. Income growth is strong: In a separate study — the U.S. Census Bureau’s American Community Survey — Palm Beach County’s median household income soared 8.5 percent from 2014 to 2015. That outpaced the national growth of 5.2 percent.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s