Overall unemployment rate moved up to 5.0% with the biggest shift in Government, which lost 1,400 roles, based on the most recently available information published in July 2021.

Total employment in the Palm Bay-Melbourne-Titusville, FL market rose by 3,415 jobs in June and the unemployment rate increased compared to the prior month by 60 bps to 5.0%. The national unemployment rate increased by 60 bps over the same time to 6.1%.

  • Palm Bay-Melbourne-Titusville, FL unemployment rate is 109 bps below the national rate which is a positive sign.
  • Unemployment in the market is 450 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in June versus prior month by 9% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Palm Bay-Melbourne-Titusville, FL Unemployment June 2021

For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:

  • Transportation & Utilities: 38,500; +200
  • Business Services: 37,500; -100
  • Education & Healthcare: 35,000; +100
  • Manufacturing: 30,500; +600
  • Restaurants & Hotels: 26,900; +1,000
  • Government: 26,500; -1,400
  • Construction, Mining: 17,100; +300
  • Financial Services: 9,100; +100
  • Other Jobs: 8,200; no change
  • IT & Development: 1,900; +100
Palm Bay-Melbourne-Titusville, FL Unemployment by Industry June 2021