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 July 2010 to 13.2%. For the same month, the metro unemployment rate was 1.7 percentage points higher than the Florida rate. The unemployment rate in Cape Coral peaked in March 2010 at 12.3% and is now 0.8 percentage points lower. From a post peak low of 11.4% in June 2010, the unemployment rate has now grown by 0.1 percentage points.

Unemployment Rate July 2010 Month/Month Year/Year
National 9.5% 0.0 +0.1
Florida 11.5% +0.1 +0.7
Cape Coral 13.2% +0.2 +0.2
Note: Metro level data is not seasonally adjusted.1 All comparisons are made with July 2010 data as August 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 January 2010 at 39,623. There are now 3,175 fewer people unemployed in the metropolitan area. From a recent trough of 34,755 in May 2010, the number of unemployed has now grown by 1,693. Cape Coral employment and jobs data (including jobs lost/gained in Cape Coral, Florida) is also available.

Unemployed Persons July 2010 Month/Month Year/Year
Cape Coral 36,448 +697 +245

Number of Unemployed Persons

Cape Coral, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Cape Coral
Unemployment Rate
Cape Coral
Unemployed
August
2010
9.6%
July
2010
9.5% 11.5% 13.2% 36,448
June
2010
9.5% 11.4% 13.0% 35,751
May
2010
9.7% 11.7% 12.5% 34,755
April
2010
9.9% 12.0% 12.7% 35,592
March
2010
9.7% 12.3% 13.5% 38,264
February
2010
9.7% 12.2% 14.0% 39,221
January
2010
9.7% 12.0% 14.2% 39,623
December
2009
10.0% 11.7% 13.4% 37,252
November
2009
10.0% 11.6% 13.4% 37,167
October
2009
10.1% 11.4% 13.6% 37,477
September
2009
9.8% 11.2% 13.7% 37,728
August
2009
9.7% 11.0% 13.4% 37,072

1. Metro area unemployment rates are not seasonally adjusted while state and national rates are. In practice this means the metro rates may be noisier on a month-to-month basis than the state and national series due to seasonal effects. It's probably better to use year-over-year comparisons.