Palm Beach County’s average weekly wage rose to $973 in the third quarter of 2016, a 5 percent increase from the third quarter of 2015, according to a survey released Tuesday by the U.S. Bureau of Labor Statistics.
Sounds good, right? Not exactly. The national average for wage growth was 5.4 percent. Palm Beach County rated a subpar 215th among the nation’s 345 largest counties.
Meanwhile, Palm Beach County, long the highest-wage county in Florida, has been surpassed by Hillsborough County and Miami-Dade County.
It’s unclear exactly why Palm Beach County wages have weakened. Employment growth is robust.
One possible explanation: Palm Beach County’s job growth lagged Florida’s for much of 2016.