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 May 2023 to 2.8%. For the same month, the metro unemployment rate was 0.2 percentage points higher than the Florida rate. The unemployment rate in Cape Coral peaked in April 2020 at 14.2% and is now 11.4 percentage points lower. From a post peak low of 2.6% in August 2022, the unemployment rate has now grown by 0.2 percentage points. You can also compare Cape Coral unemployment with unemployment in other cities.

Unemployment Rate May 2023 Month/Month Year/Year
National 3.7% +0.3 +0.1
Florida 2.6% 0.0 -0.3
Cape Coral 2.8% +0.1 -0.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with May 2023 data as June 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 May 2020 at 48,073. There are now 37,458 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 946. Cape Coral employment and jobs data (including jobs lost/gained in Cape Coral, Florida) is also available.

Unemployed Persons May 2023 Month/Month Year/Year
Cape Coral 10,615 +184 -159

Number of Unemployed Persons

Cape Coral, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Cape Coral
Unemployment Rate
Cape Coral
Unemployed
June
2023
3.6%
May
2023
3.7% 2.6% 2.8% 10,615
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
December
2022
3.5% 2.7% 2.6% 9,708
November
2022
3.6% 2.7% 2.6% 9,678
October
2022
3.7% 2.7% 2.6% 9,669
September
2022
3.5% 2.7% 2.6% 9,760
August
2022
3.7% 2.7% 2.6% 9,914
July
2022
3.5% 2.7% 2.7% 10,122

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.