Department of Numbers

Cape Coral-Fort Myers, Florida Unemployment

The BLS reported that the unemployment rate for Cape Coral fell 0.0 percentage points in January 2023 to 3.1%. For the same month, the metro unemployment rate was 0.5 percentage points higher than the Florida rate. The unemployment rate in Cape Coral peaked in April 2020 at 14.6% and is now 11.5 percentage points lower. From a post peak low of 2.5% in August 2022, the unemployment rate has now grown by 0.6 percentage points. You can also compare Cape Coral unemployment with unemployment in other cities.

Unemployment Rate January 2023 Month/Month Year/Year
National 3.4% -0.1 -0.6
Florida 2.6% -0.1 -0.9
Cape Coral 3.1% 0.0 -0.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with January 2023 data as February 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 47,535. There are now 35,852 fewer people unemployed in the metropolitan area. From a recent trough of 9,302 in September 2022, the number of unemployed has now grown by 2,381. Cape Coral employment and jobs data (including jobs lost/gained in Cape Coral, Florida) is also available.

Unemployed Persons January 2023 Month/Month Year/Year
Cape Coral 11,683 -22 +61

Number of Unemployed Persons

Cape Coral, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Cape Coral
Unemployment Rate
Cape Coral
Unemployed
February
2023
3.6%
January
2023
3.4% 2.6% 3.1% 11,683
December
2022
3.5% 2.7% 3.1% 11,705
November
2022
3.6% 2.7% 3.0% 11,320
October
2022
3.7% 2.7% 2.8% 10,434
September
2022
3.5% 2.7% 2.5% 9,302
August
2022
3.7% 2.7% 2.5% 9,389
July
2022
3.5% 2.7% 2.6% 9,658
June
2022
3.6% 2.8% 2.7% 9,923
May
2022
3.6% 2.9% 2.8% 10,065
April
2022
3.6% 3.0% 2.9% 10,411
March
2022
3.6% 3.1% 3.0% 10,862

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.