PBC’s Unemployment Rate Drops, But Our Leaders Can’t Rest On Their Laurels

May 31, 2017

By Noel Martinez


Great news…For the first time in nearly a decade, Palm Beach County unemployment is below 4%, the Palm Beach Post reports.


Our county’s jobless rate fell to 3.9% in April, the lowest since May 2007, which was right before the start of the global economic meltdown. Statewide, the seasonally adjusted unemployment rate was 4.5 percent, just above the national rate of 4.4 percent.


Some background…PBC’s official unemployment rate fell as low as 3.2% during the housing bubble, then soared as high as 11.6% during the housing crash.


So now what?


Does this mean our local leaders have done such a great job that we can now rest on our laurels and let the job creators do their thing?


Of course, not. We know as leaders that to keep our economy humming, it takes vision, strategy, and, yes, plenty of leadership.


LPBC is at the heart of our community’s leadership development. We’ll keep doing our share in producing great leaders.


I hope all of us involved in leadership can continue pushing for more hiring and more businesses to open here. Because despite these great employment numbers, we know that many families continue struggling in the rebounding economy and need good jobs and benefits.


One of the most important qualities of leadership is setting the bar high – and keeping it high. That certainly applies to the economy.


I’ll leave you with more good employment news…Palm Beach County’s job creation rose to an annual pace of 2.6%, topping the statewide mark of 2.5%, the Post reports.


Noel Martinez is the executive director of LPBC.


Feel free to email him if you have thoughts on how LPBC can be more involved in growing the economy. His email is: noel@leadershippbc.org