Panama City, Florida Unemployment
The BLS reported that the unemployment rate for Panama City fell 0.1 percentage points in July 2022 to 2.4%. For the same month, the metro unemployment rate was 0.3 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. You can also compare Panama City unemployment with unemployment in other cities.
| Unemployment Rate | July 2022 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.5% | -0.1 | -1.9 |
| Florida | 2.7% | -0.1 | -1.8 |
| Panama City | 2.4% | -0.1 | -1.4 |
Unemployment Rate: Panama City, Florida, National
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 8,229 fewer people unemployed in the metropolitan area.
| Unemployed Persons | July 2022 | Month/Month | Year/Year |
|---|---|---|---|
| Panama City | 2,257 | -63 | -1,167 |
Number of Unemployed Persons
Panama City, Florida Unemployment History
| Date | National Unemployment Rate |
Florida Unemployment Rate |
Panama City Unemployment Rate |
Panama City Unemployed |
|---|---|---|---|---|
| August 2022 |
3.7% | — | — | — |
| July 2022 |
3.5% | 2.7% | 2.4% | 2,257 |
| 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 |
| December 2021 |
3.9% | 3.5% | 3.1% | 2,862 |
| November 2021 |
4.2% | 3.5% | 3.1% | 2,842 |
| October 2021 |
4.6% | 3.7% | 3.1% | 2,859 |
| September 2021 |
4.7% | 3.9% | 3.3% | 3,003 |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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