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Palm Beach Employment Update

Connor Salzman • 3/15/2023

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In April of 2020, the COVID-19 pandemic brought the U.S. to a standstill. Palm Beach unemployment rose over 14.0% and job losses were on par with the financial crisis of 2008. In the years since, Palm Beach, more specifically the CBD, saw residents and businesses flock to the metro market. Unemployment has fallen well below the national average and nonfarm employment exceeded pre-pandemic levels. This report provides a snapshot of Palm Beach’s labor market and the recovery of its highly-diversified economy and deep talent pool. 

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