Broadleaf Workforce Insights

For Palm Bay-Melbourne-Titusville, FL

Melbourne Workforce Population Summary

Population

642831

/ As of 2023 /

Increased

47853

/ From 2018-2023 /

Projected Increase

52402

/ 2023-2028 /

Employment Increased

8.9%

/ From 2018-2023 /

Total Regional Employment

263434

/ As of 2023 /

21,544

/ 5 Year Increase /

Projected growth by 12,915 over the next 5 years

Population w/ Associates Degree

12.2%

/ June 2024 /

Employees w/ Bachelors Degree

20.4%

/ June 2024 /

Total Employable Population

547356

Retirement Risk

255,479

/ Retirement risk is high. The national average for an area this size is 189,007 people ages 55+. /

Millennials

108,375

/ The national average for an area this size is 128,242. /

Labor Force Participation Rate

56.01%

/ June 2024 /

Unemployment Rate

3.56%

/ June 2024 /

Up from

3.27%

/ 5 Years Before /

Largest Industries

/ 2024 /

Manufacturing

Healthcare and Social Assistance

Government

Number of companies that posted jobs in the last 12 months

6864

Top Growing Industries

/ 2024 /

Manufacturing

Professional, Scientific, and Technical Services

Construction

Accommodation and Food Services

Transportation and Food Services

Top Posted Occupations

/ 2024 /

Healthcare Practitioners and Technical

Sales and Related

Office and Administrative Support

Management

Computer and Mathematical

Data provided by Lightcast.

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