Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 0.4 percentage points in February 2019 to 4.8%. For the same month, the metro unemployment rate was 1.3 percentage points higher than the Florida rate. The unemployment rate in Panama City peaked in November 2010 at 11.1% and is now 6.3 percentage points lower. From a post peak low of 2.9% in October 2018, the unemployment rate has now grown by 1.9 percentage points. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate	February 2019	Month/Month	Year/Year
National	3.8%	-0.2	-0.3
Florida	3.5%	+0.1	-0.4
Panama City	4.8%	-0.4	+1.1

Note: Metro level data is now seasonally adjusted.¹ All comparisons are made with February 2019 data as March metro level unemployment data has not yet been released.

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 November 2010 at 10,360. There are now 5,813 fewer people unemployed in the metropolitan area. From a recent trough of 2,810 in October 2018, the number of unemployed has now grown by 1,737.

Unemployed Persons	February 2019	Month/Month	Year/Year
Panama City	4,547	-402	+938

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date	National Unemployment Rate	Florida Unemployment Rate	Panama City Unemployment Rate	Panama City Unemployed
March 2019	3.8%	3.5%	—	—
February 2019	3.8%	3.5%	4.8%	4,547
January 2019	4.0%	3.4%	5.2%	4,949
December 2018	3.9%	3.3%	5.6%	5,438
November 2018	3.7%	3.3%	5.1%	4,931
October 2018	3.8%	3.3%	2.9%	2,810
September 2018	3.7%	3.3%	3.0%	2,889
August 2018	3.8%	3.4%	3.4%	3,323
July 2018	3.9%	3.5%	3.6%	3,526
June 2018	4.0%	3.6%	3.6%	3,503
May 2018	3.8%	3.7%	3.4%	3,326
April 2018	3.9%	3.7%	3.6%	3,457