Palm Beach County's unemployment rate is officially at pre-recession lows (WJNO only):
Bottom Line: At the peak of the Great Recession Palm Beach County's unemployment rate soared above 12%. As one of the most negatively impacted counties in the country during the Great Recession, it's that much more impressive that today, we're performing well better than the national average with our labor market (and economy more generally). According to the latest information from the state via CareerSource of Palm Beach County:
- Unemployment rate fell to 3.9%
- Job growth year over year 2.4%
- 14,700 new jobs added year over year
So all of those figures are better than a year ago. Notably the last time Palm Beach County's unemployment rate was below 4% was May of 2007 - prior to the recession (the recession started in November of 2007). Palm Beach County has lower unemployment than the state and country & has grown jobs faster than 78% of the country over the past year.