Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City rose 0.1 percentage points in February 2018 to 3.6%. 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 November 2010 at 11.0% and is now 7.4 percentage points lower. From a post peak low of 3.4% in October 2017, the unemployment rate has now grown by 0.2 percentage points. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate	February 2018	Month/Month	Year/Year
National	4.1%	0.0	-0.6
Florida	3.9%	0.0	-0.6
Panama City	3.6%	+0.1	-1.2

Note: Metro level data is now seasonally adjusted.¹ All comparisons are made with February 2018 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 10,299. There are now 6,863 fewer people unemployed in the metropolitan area. From a recent trough of 3,281 in November 2017, the number of unemployed has now grown by 155.

Unemployed Persons	February 2018	Month/Month	Year/Year
Panama City	3,436	+80	-1,133

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date	National Unemployment Rate	Florida Unemployment Rate	Panama City Unemployment Rate	Panama City Unemployed
March 2018	4.1%	—	—	—
February 2018	4.1%	3.9%	3.6%	3,436
January 2018	4.1%	3.9%	3.5%	3,356
December 2017	4.1%	3.9%	3.5%	3,364
November 2017	4.1%	3.9%	3.4%	3,281
October 2017	4.1%	3.9%	3.4%	3,307
September 2017	4.2%	3.9%	3.7%	3,544
August 2017	4.4%	4.0%	4.2%	4,002
July 2017	4.3%	4.1%	4.3%	4,091
June 2017	4.3%	4.1%	4.4%	4,159
May 2017	4.3%	4.2%	4.5%	4,253
April 2017	4.4%	4.3%	4.6%	4,344