Get the latest monthly and annual economic labor indicators for your market

We offer an easy-to-read fact page with the latest key labor indicators for your market using the most recent reliable sources.  Find out more about where your employment rate stands compared to other regions, what industries are driving your workforce, and which ones are showing the most growth year-over-year.

See sample fact page and summary highlights below.

Download the PDF

The latest labor market report from the Bureau of Labor Statistics indicates fewer jobs were added in November and expect the same scenario for the month of December.  However, forecasters expect the national unemployment rate to hold steady at 4.2%, which is relatively low by historical standards.

The trajectory of the job market over the next year will depend on the new policies of the president’s administration which could change the course based on what decisions will be made.

Year-over-year, the job market in the Palm Bay Metro has slowed since the post-pandemic boom but has stayed stable.

• Nonfarm employment added 259,600 jobs in November, an increase of 1,500 from a year ago.
• The education and health services industry accounted the bulk of the employment increase adding 1,500, followed by leisure and hospitality at 600 new jobs.
• The combination of education and health services, trade, transportation and utilities, and professional and business services make up for nearly half or 49% of the total nonfarm employment in Palm Bay.
• Unemployment in the Palm Bay Metro is currently at 3.7% lower than the national level at 4%.

For more information, reach out to Ted Stasney, senior consultant, at tedstasney@gmail.com or Robin DiSalvo, senior consultant, at rdisalvo2@verizon.net.