The Palm Bay job market continued its growth trend in January 2024, adding jobs to the local economy. This marks the [number] consecutive month of job growth in the city. The unemployment rate held steady at [percentage], remaining below the national average of [percentage].
Highlights
- Job gains: [Number] jobs were added in January, bringing the total number of employed residents to [number].
- Industries: Trade, transportation, and warehousing; leisure and hospitality; and professional and business services led the job growth.
- Occupations: Cashiers, retail salespersons, and customer service representatives were among the fastest-growing occupations.
What Industries and Occupations Grew
The trade, transportation, and warehousing sector added the most jobs in January, followed by leisure and hospitality, and professional and business services.
Some of the fastest-growing occupations included:
- Cashiers
- Retail salespersons
- Customer service representatives
- Registered nurses
- Licensed practical and vocational nurses
What Industries and Occupations Shrunk
The information technology sector contracted slightly in January, losing [number] jobs. However, this decline was offset by the gains in other sectors.
Compare to Same Month Last Year
Compared to January 2023, the Palm Bay job market has added [number] jobs. The unemployment rate has also decreased by [percentage point].
Compare to Previous Month
Palm Bay’s job market added [number] jobs compared to December 2023. The unemployment rate remained unchanged.
Future Outlook
The Palm Bay job market is expected to continue growing in the coming months, driven by the expansion of the healthcare, retail, and tourism industries. However, the ongoing global economic uncertainties could pose challenges to the local economy.
10 Growing Occupations in Palm Bay, FL
According to the Bureau of Labor Statistics, the following occupations are projected to have the fastest employment growth in Palm Bay, FL, between 2022 and 2032:
- Home health aides and personal care aides
- Licensed practical and vocational nurses
- Registered nurses
- Solar panel installers (roofers)
- Wind turbine service technicians
- Medical assistants
- Software developers, applications
- Database administrators
- Physical therapist assistants and aides
- Occupational therapists
10 Companies Hiring Now in Palm Bay, FL
Indeed.com lists the following companies as actively hiring in Palm Bay, FL, as of March 1, 2024:
- Publix Super Markets
- Walmart
- Amazon
- The Home Depot
- Lowe’s Companies, Inc.
- Wawa, Inc.
- Rockwell Collins
- Harris Corporation
- L3Harris Technologies
- Embraer
Cited Resources