Cape Coral-Fort Myers, Florida Unemployment
The BLS reported that the unemployment rate for Cape Coral fell 0.0 percentage points in November 2023 to 3.0%. For the same month, the metro unemployment rate was 0.1 percentage points higher than the Florida rate. The unemployment rate in Cape Coral peaked in April 2020 at 14.2% and is now 11.2 percentage points lower. From a post peak low of 2.6% in August 2022, 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 | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.7% | -0.1 | +0.1 |
| Florida | 2.9% | +0.1 | +0.2 |
| Cape Coral | 3.0% | 0.0 | +0.4 |
Unemployment Rate: Cape Coral, Florida, National
Note: Recessions shown in gray.
Cape Coral, Florida Unemployed
The number of people unemployed in Cape Coral peaked in May 2020 at 48,073. There are now 36,097 fewer people unemployed in the metropolitan area. From a recent trough of 9,669 in October 2022, the number of unemployed has now grown by 2,307. Cape Coral employment and jobs data (including jobs lost/gained in Cape Coral, Florida) is also available.
| Unemployed Persons | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Cape Coral | 11,976 | +263 | +2,298 |
Number of Unemployed Persons
Cape Coral, Florida Unemployment History
| Date | National Unemployment Rate |
Florida Unemployment Rate |
Cape Coral Unemployment Rate |
Cape Coral Unemployed |
|---|---|---|---|---|
| December 2023 |
3.7% | — | — | — |
| November 2023 |
3.7% | 2.9% | 3.0% | 11,976 |
| October 2023 |
3.8% | 2.8% | 3.0% | 11,713 |
| September 2023 |
3.8% | 2.8% | 2.9% | 11,379 |
| August 2023 |
3.8% | 2.7% | 2.8% | 11,049 |
| July 2023 |
3.5% | 2.7% | 2.8% | 10,834 |
| June 2023 |
3.6% | 2.6% | 2.8% | 10,669 |
| May 2023 |
3.7% | 2.6% | 2.8% | 10,612 |
| April 2023 |
3.4% | 2.6% | 2.7% | 10,431 |
| March 2023 |
3.5% | 2.6% | 2.8% | 10,597 |
| February 2023 |
3.6% | 2.6% | 2.8% | 10,803 |
| January 2023 |
3.4% | 2.6% | 3.0% | 11,460 |
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. ↩
Department of Numbers
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