Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City rose 0.1 percentage points in November 2022 to 2.4%. For the same month, the metro unemployment rate was 0.2 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in April 2020 at 13.0% and is now 10.6 percentage points lower. From a post peak low of 2.3% in September 2022, the unemployment rate has now grown by 0.1 percentage points. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate November 2022 Month/Month Year/Year
National 3.6% -0.1 -0.6
Florida 2.6% -0.1 -0.9
Panama City 2.4% +0.1 -0.7
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2022 data as December metro level unemployment data has not yet been released.

Unemployment Rate: Panama City, Florida, National

Panama City, Florida monthly unemployment rate chart

Note: Recessions shown in gray.

Panama City, Florida Unemployed

The number of people unemployed in Panama City peaked in April 2020 at 10,486. There are now 8,242 fewer people unemployed in the metropolitan area. From a recent trough of 2,179 in September 2022, the number of unemployed has now grown by 65.

Unemployed Persons November 2022 Month/Month Year/Year
Panama City 2,244 +44 -598

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate		 Florida
Unemployment Rate		 Panama City
Unemployment Rate		 Panama City
Unemployed
December
2022		 3.5% — — —
November
2022		 3.6% 2.6% 2.4% 2,244
October
2022		 3.7% 2.7% 2.3% 2,200
September
2022		 3.5% 2.5% 2.3% 2,179
August
2022		 3.7% 2.7% 2.4% 2,198
July
2022		 3.5% 2.7% 2.4% 2,256
June
2022		 3.6% 2.8% 2.5% 2,320
May
2022		 3.6% 2.9% 2.6% 2,381
April
2022		 3.6% 3.0% 2.6% 2,453
March
2022		 3.6% 3.2% 2.8% 2,549
February
2022		 3.8% 3.3% 2.9% 2,654
January
2022		 4.0% 3.5% 3.0% 2,745

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. ↩

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