Department of Numbers

Cape Coral-Fort Myers, Florida Unemployment

The BLS reported that the unemployment rate for Cape Coral rose 0.2 percentage points in October 2016 to 4.6%. For the same month, the metro unemployment rate was 0.2 percentage points lower than the Florida rate. The unemployment rate in Cape Coral peaked in January 2010 at 13.0% and is now 8.4 percentage points lower. From a post peak low of 4.2% in May 2016, the unemployment rate has now grown by 0.4 percentage points. You can also compare Cape Coral unemployment with unemployment in other cities.

Unemployment Rate October 2016 Month/Month Year/Year
National 4.9% -0.1 -0.1
Florida 4.8% +0.1 -0.3
Cape Coral 4.6% +0.2 -0.2
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2016 data as November metro level unemployment data has not yet been released.

Unemployment Rate: Cape Coral, Florida, National

Cape Coral, Florida monthly unemployment rate chart

Note: Recessions shown in gray.

Cape Coral, Florida Unemployed

The number of people unemployed in Cape Coral peaked in February 2010 at 36,116. There are now 20,891 fewer people unemployed in the metropolitan area. From a recent trough of 13,603 in August 2016, the number of unemployed has now grown by 1,622. Cape Coral employment and jobs data (including jobs lost/gained in Cape Coral, Florida) is also available.

Unemployed Persons October 2016 Month/Month Year/Year
Cape Coral 15,225 +817 -75

Number of Unemployed Persons

Cape Coral, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Cape Coral
Unemployment Rate
Cape Coral
Unemployed
November
2016
4.6%
October
2016
4.9% 4.8% 4.6% 15,225
September
2016
5.0% 4.7% 4.4% 14,408
August
2016
4.9% 4.7% 4.2% 13,603
July
2016
4.9% 4.7% 4.3% 14,092
June
2016
4.9% 4.7% 4.3% 14,070
May
2016
4.7% 4.7% 4.2% 13,772
April
2016
5.0% 4.8% 4.6% 15,039
March
2016
5.0% 4.9% 4.5% 14,756
February
2016
4.9% 5.0% 4.5% 14,685
January
2016
4.9% 5.1% 4.6% 15,080
December
2015
5.0% 5.1% 4.7% 15,099

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.