Panama City, Florida Unemployment
The BLS reported that the unemployment rate for Panama City fell 0.0 percentage points in March 2023 to 2.3%. 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 12.7% and is now 10.4 percentage points lower. From a post peak low of 2.3% in January 2023, the unemployment rate has now grown by 0.0 percentage points. You can also compare Panama City unemployment with unemployment in other cities.
Unemployment Rate | March 2023 | Month/Month | Year/Year |
---|---|---|---|
National | 3.5% | -0.1 | -0.1 |
Florida | 2.6% | 0.0 | -0.5 |
Panama City | 2.3% | 0.0 | -0.6 |
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 10,217. There are now 8,003 fewer people unemployed in the metropolitan area. From a recent trough of 2,185 in February 2023, the number of unemployed has now grown by 29.
Unemployed Persons | March 2023 | Month/Month | Year/Year |
---|---|---|---|
Panama City | 2,214 | +29 | -494 |
Number of Unemployed Persons
Panama City, Florida Unemployment History
Date | National Unemployment Rate |
Florida Unemployment Rate |
Panama City Unemployment Rate |
Panama City Unemployed |
---|---|---|---|---|
April 2023 |
3.4% | — | — | — |
March 2023 |
3.5% | 2.6% | 2.3% | 2,214 |
February 2023 |
3.6% | 2.6% | 2.3% | 2,185 |
January 2023 |
3.4% | 2.6% | 2.3% | 2,214 |
December 2022 |
3.5% | 2.7% | 2.4% | 2,300 |
November 2022 |
3.6% | 2.7% | 2.4% | 2,295 |
October 2022 |
3.7% | 2.7% | 2.4% | 2,302 |
September 2022 |
3.5% | 2.7% | 2.5% | 2,338 |
August 2022 |
3.7% | 2.7% | 2.5% | 2,385 |
July 2022 |
3.5% | 2.7% | 2.6% | 2,438 |
June 2022 |
3.6% | 2.8% | 2.7% | 2,500 |
May 2022 |
3.6% | 2.9% | 2.8% | 2,569 |
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. ↩