Panama City, Florida Unemployment
The BLS reported that the unemployment rate for Panama City fell 0.3 percentage points in April 2021 to 5.1%. For the same month, the metro unemployment rate was 0.3 percentage points higher than the Florida rate. The unemployment rate in Panama City peaked in April 2020 at 14.0% and is now 8.9 percentage points lower. From a post peak low of 3.6% in December 2020, the unemployment rate has now grown by 1.5 percentage points. You can also compare Panama City unemployment with unemployment in other cities.
| Unemployment Rate | April 2021 | Month/Month | Year/Year |
|---|---|---|---|
| National | 6.1% | +0.1 | -8.7 |
| Florida | 4.8% | +0.1 | -9.2 |
| Panama City | 5.1% | -0.3 | -8.9 |
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 11,751. There are now 7,067 fewer people unemployed in the metropolitan area. From a recent trough of 3,142 in December 2020, the number of unemployed has now grown by 1,542.
| Unemployed Persons | April 2021 | Month/Month | Year/Year |
|---|---|---|---|
| Panama City | 4,684 | -300 | -7,067 |
Number of Unemployed Persons
Panama City, Florida Unemployment History
| Date | National Unemployment Rate |
Florida Unemployment Rate |
Panama City Unemployment Rate |
Panama City Unemployed |
|---|---|---|---|---|
| May 2021 |
5.8% | — | — | — |
| April 2021 |
6.1% | 4.8% | 5.1% | 4,684 |
| March 2021 |
6.0% | 4.7% | 5.4% | 4,984 |
| February 2021 |
6.2% | 4.7% | 5.3% | 4,820 |
| January 2021 |
6.3% | 4.8% | 4.7% | 4,203 |
| December 2020 |
6.7% | 5.1% | 3.6% | 3,142 |
| November 2020 |
6.7% | 5.4% | 3.8% | 3,315 |
| October 2020 |
6.9% | 5.8% | 4.1% | 3,614 |
| September 2020 |
7.8% | 7.2% | 4.7% | 4,109 |
| August 2020 |
8.4% | 7.9% | 5.5% | 4,764 |
| July 2020 |
10.2% | 11.5% | 7.9% | 6,921 |
| June 2020 |
11.1% | 11.6% | 7.9% | 6,747 |
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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