Department of Numbers

Cape Coral-Fort Myers, Florida Unemployment

The BLS reported that the unemployment rate for Cape Coral fell 0.7 percentage points in July 2021 to 4.5%. For the same month, the metro unemployment rate was 0.6 percentage points lower than the Florida rate. The unemployment rate in Cape Coral peaked in April 2020 at 15.5% and is now 11.0 percentage points lower. From a post peak low of 3.9% in December 2020, 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 July 2021 Month/Month Year/Year
National 5.4% -0.5 -4.8
Florida 5.1% +0.1 -6.4
Cape Coral 4.5% -0.7 -5.8
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with July 2021 data as August 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 51,300. There are now 35,030 fewer people unemployed in the metropolitan area. From a recent trough of 13,400 in December 2020, the number of unemployed has now grown by 2,870. Cape Coral employment and jobs data (including jobs lost/gained in Cape Coral, Florida) is also available.

Unemployed Persons July 2021 Month/Month Year/Year
Cape Coral 16,270 -2,309 -19,657

Number of Unemployed Persons

Cape Coral, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Cape Coral
Unemployment Rate
Cape Coral
Unemployed
August
2021
5.2%
July
2021
5.4% 5.1% 4.5% 16,270
June
2021
5.9% 5.0% 5.2% 18,579
May
2021
5.8% 4.9% 4.9% 17,066
April
2021
6.1% 4.8% 5.0% 17,373
March
2021
6.0% 4.7% 5.0% 17,538
February
2021
6.2% 4.7% 4.7% 16,381
January
2021
6.3% 4.8% 4.5% 15,351
December
2020
6.7% 5.1% 3.9% 13,400
November
2020
6.7% 5.4% 4.3% 14,716
October
2020
6.9% 5.8% 4.8% 16,681
September
2020
7.8% 7.2% 5.7% 19,578

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.