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

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