March Employment: Palm Beach County's Jobs Market Continues To Improve

Hiring Gains Drop Unemployment Rate To 7.7 Percent

Palm Beach County's jobless rate is 3.2 percent. The March number was down two tenths of a percent from a month ago and down from 3.5 percent in 2018.

Tom Veenstra, the Vice President of Administration with Career Source Palm Beach County, says the report is full of good news.

"More job openings than unemployed in Palm Beach County for five consecutive months now."

 

He says that hasn't happened in more than 14 years. Where are those jobs being added?

"Professional and business services is topping the list this month, adding 6,400 jobs over last year. That's great. The runner-up is the education and health services component, adding 3,100 jobs."

He says that it's a good sign that professional business services is leading the way.

"It's actually a very good sign because Florida's economy has been largely based on tourism, hospitality, construction, homebuilding, that kind of thing. This is a new dimension and it tends to be in a category that offers higher paying jobs, so it shows that in some ways the state economy is getting better and more diversified."

The statewide unemployment rate held steady at 3.5 percent from February, but it was down 3 tenths of a percent from a year ago.

Photo: Getty Images

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