Palm Beach County Unemployment Rate Drops to 2.9 Percent; 28,800 Jobs Added Over Year

West Palm Beach, Fla. – Palm Beach County’s unemployment rate for July 2022 announced today dropped to 2.9 percent, below the year-ago rate of 4.6 percent and below the 3.8 percent national rate. Florida’s rate is 2.8 percent. The county’s unemployment rate has remained below the nation’s for two years and, until June 2022, had been below or tied with the state for the past year, according to the latest monthly reports released today by CareerSource Palm Beach County and the Florida Department of Economic Opportunity (all numbers not seasonally adjusted).

In addition, for more than a year, there are more job openings than unemployed people in Palm Beach County. On average, there are almost two jobs available for every unemployed person – 40,070 job openings vs. 22,320 unemployed people in July. Total nonagricultural employment in the county is 661,100, adding 28,800 jobs over the year – a 4.6 percent gain.

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