Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 0.2 percentage points in July 2019 to 4.0%. For the same month, the metro unemployment rate was 0.7 percentage points higher than the Florida rate. The unemployment rate in Panama City peaked in November 2010 at 11.0% and is now 7.0 percentage points lower. From a post peak low of 3.2% in October 2018, the unemployment rate has now grown by 0.8 percentage points. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate	July 2019	Month/Month	Year/Year
National	3.7%	0.0	-0.2
Florida	3.3%	-0.1	-0.2
Panama City	4.0%	-0.2	+0.6

Note: Metro level data is now seasonally adjusted.¹ All comparisons are made with July 2019 data as August 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 10,265. There are now 6,538 fewer people unemployed in the metropolitan area. From a recent trough of 3,026 in October 2018, the number of unemployed has now grown by 701.

Unemployed Persons	July 2019	Month/Month	Year/Year
Panama City	3,727	-204	+452

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date	National Unemployment Rate	Florida Unemployment Rate	Panama City Unemployment Rate	Panama City Unemployed
September 2019	3.5%	—	—	—
August 2019	3.7%	3.3%	—	—
July 2019	3.7%	3.3%	4.0%	3,727
June 2019	3.7%	3.4%	4.2%	3,931
May 2019	3.6%	3.4%	4.5%	4,203
April 2019	3.6%	3.5%	4.7%	4,477
March 2019	3.8%	3.5%	4.9%	4,694
February 2019	3.8%	3.5%	5.0%	4,741
January 2019	4.0%	3.4%	4.8%	4,644
December 2018	3.9%	3.3%	5.6%	5,382
November 2018	3.7%	3.3%	7.0%	6,827
October 2018	3.8%	3.3%	3.2%	3,026