Palm Bay city: Unemployment Rate Trend
How Palm Bay city's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
7.8%
2023
5.9%
Total change
-1.9 pp
% change
-24.4%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.8% | — |
| 2019 | 6.2% | -1.6 pp (-20.5%) |
| 2020 | 6.3% | +0.1 pp (1.6%) |
| 2021 | 5.3% | -1.0 pp (-15.9%) |
| 2022 | 5.7% | +0.4 pp (7.5%) |
| 2023 | 5.9% | +0.2 pp (3.5%) |