Department of Numbers

Cape Coral-Fort Myers, Florida Unemployment

The BLS reported that the unemployment rate for Cape Coral rose 0.1 percentage points in October 2018 to 2.9%. For the same month, the metro unemployment rate was 0.5 percentage points lower than the Florida rate. The unemployment rate in Cape Coral peaked in January 2010 at 13.0% and is now 10.1 percentage points lower. From a post peak low of 2.8% in September 2018, the unemployment rate has now grown by 0.1 percentage points. You can also compare Cape Coral unemployment with unemployment in other cities.

Unemployment Rate October 2018 Month/Month Year/Year
National 3.7% 0.0 -0.4
Florida 3.4% -0.1 -0.5
Cape Coral 2.9% +0.1 -0.8
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2018 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 36,105. There are now 26,257 fewer people unemployed in the metropolitan area. From a recent trough of 9,687 in September 2018, the number of unemployed has now grown by 161. Cape Coral employment and jobs data (including jobs lost/gained in Cape Coral, Florida) is also available.

Unemployed Persons October 2018 Month/Month Year/Year
Cape Coral 9,848 +161 -2,608

Number of Unemployed Persons

Cape Coral, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Cape Coral
Unemployment Rate
Cape Coral
Unemployed
November
2018
3.7%
October
2018
3.7% 3.4% 2.9% 9,848
September
2018
3.7% 3.5% 2.8% 9,687
August
2018
3.9% 3.7% 3.3% 11,336
July
2018
3.9% 3.7% 3.4% 11,722
June
2018
4.0% 3.8% 3.5% 11,905
May
2018
3.8% 3.8% 3.4% 11,402
April
2018
3.9% 3.9% 3.6% 12,090
March
2018
4.1% 3.9% 3.7% 12,382
February
2018
4.1% 3.9% 3.6% 12,276
January
2018
4.1% 3.9% 3.7% 12,397
December
2017
4.1% 3.9% 3.7% 12,229

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.