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 November 2020 to 5.4%. For the same month, the metro unemployment rate was 1.0 percentage points lower than the Florida rate. The unemployment rate in Cape Coral peaked in April 2020 at 15.1% and is now 9.7 percentage points lower. From a post peak low of 5.2% in October 2020, 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 November 2020 Month/Month Year/Year
National 6.7% -0.2 +3.1
Florida 6.4% 0.0 +3.6
Cape Coral 5.4% +0.2 +2.6
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2020 data as December 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 April 2020 at 48,094. There are now 29,627 fewer people unemployed in the metropolitan area. From a recent trough of 17,917 in October 2020, the number of unemployed has now grown by 550. Cape Coral employment and jobs data (including jobs lost/gained in Cape Coral, Florida) is also available.

Unemployed Persons November 2020 Month/Month Year/Year
Cape Coral 18,467 +550 +8,464

Number of Unemployed Persons

Cape Coral, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Cape Coral
Unemployment Rate
Cape Coral
Unemployed
December
2020
6.7%
November
2020
6.7% 6.4% 5.4% 18,467
October
2020
6.9% 6.4% 5.2% 17,917
September
2020
7.8% 7.2% 6.0% 20,179
August
2020
8.4% 7.3% 6.7% 22,823
July
2020
10.2% 11.4% 10.4% 34,787
June
2020
11.1% 10.3% 9.3% 30,573
May
2020
13.3% 13.7% 13.2% 42,937
April
2020
14.8% 13.8% 15.1% 48,094
March
2020
4.4% 4.4% 4.4% 15,216
February
2020
3.5% 2.8% 2.9% 10,232
January
2020
3.5% 2.8% 2.9% 10,123

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.