West Palm Beach, Fla. (July 17, 2020) – Palm Beach County’s unemployment rate for June fell to 10.4 percent from 13.3 percent in May, marking a second consecutive month of improvement in the county’s employment picture. In addition, the county’s rate fell below the state’s 10.7 percent rate and the 11.2 percent national rate, 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).
“This is a significant bounce back in the job market,” said Julia Dattolo, interim president and CEO of CareerSource Palm Beach County, the nonprofit organization chartered by the state to lead workforce development in Palm Beach County. “However, as COVID cases continue to surge, it’s unclear how long the improvement may last.”
The county’s year-ago rate for June was a nostalgic 3.5 percent and the total number of jobs in the county dropped by 54,900 compared to a year ago. Outside of the Great Depression, the county’s record high unemployment rate was 14.2 percent in April 2020 and had reached nearly 12 percent during the so-called Great Recession in summer 2010.
Palm Beach County’s unemployment rate also remained lower than other major markets, including Miami-Dade County, Broward County and the Greater Orlando area.
“Because Palm Beach County’s economy has diversified since the Great Recession, particularly in the professional, technical and financial sectors, we are weathering the storm better than other major Florida destinations,” Ms. Dattolo said. “In addition, the winter tourism season is ahead of us and other counties with large numbers of theme parks, cruise ships and international flight traffic continue to be the hardest hit.”
Virtual Hiring and Conference Events: CareerSource Palm Beach County has held three Virtual Career Expo hiring events during the past two months to help connect job seekers with employers that have immediate hiring needs.
“Thousands of job seekers engaged with 73 employers at these events. The current climate has reinforced the need for offering more services on virtual platforms such as job fairs, workshops, applications, live chats and more,” said Ms. Dattolo.
The next virtual event is REACH 2020: Reinforcing Employment Access & Career Hiring. Palm Beach County's unemployment rate among persons with disabilities is four times higher than those without. To lower this rate, CareerSource is welcoming businesses to a virtual educational conference about hiring, training and retaining persons with disabilities. Featured speakers include:
July 28th 1:00pm - 3:30pm
Debra Ruh, CEO for Ruh Global Communications
Technology and innovation for individuals with unique needs.
July 30th 1:00pm - 3:30pm
Dr. Robert Lemon, Award-winning Speaker and Author
Inclusion and diversity in the workforce with the "new normal".
There is no cost to attend, but advance registration is required. For more information and to register, click on this link: https://www.gotostage.com/channel/reach-2020
Employer Services: As businesses across our region reopen, CareerSource is very much engaged in preparing job seekers for new opportunities and helping businesses find the talent they need to reopen and thrive. The CareerSource Business Services staff connects employers with qualified candidates – at no cost. They can be contacted at www.careersourcepbc.com or call 561.340.1060 and select option 3.
During the past five program years, CareerSource Palm Beach County assisted 80,500 residents find employment ranging from entry level to executive suite, with salaries from these jobs creating $1.85 billion in annual wages. CareerSource also awarded $23 million in grants to area businesses and employees for job training and educational assistance during that time.
Next monthly employment reports for Florida and Palm Beach County: State and local employment reports for July are scheduled for release on Aug. 21.
Note to editors: You are invited to interview a CareerSource spokesperson on local employment and economic trends before 3:30 p.m. today. Please call 561.340.1061 ext. 2229 for scheduling.