Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 0.1 percentage points in July 2022 to 2.4%. 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 13.0% and is now 10.6 percentage points lower. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate July 2022 Month/Month Year/Year
National 3.5% -0.1 -1.9
Florida 2.7% -0.1 -1.8
Panama City 2.4% -0.1 -1.4
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with July 2022 data as August metro level unemployment data has not yet been released.

Unemployment Rate: Panama City, Florida, National

Panama City, Florida monthly unemployment rate chart

Note: Recessions shown in gray.

Panama City, Florida Unemployed

The number of people unemployed in Panama City peaked in April 2020 at 10,486. There are now 8,229 fewer people unemployed in the metropolitan area.

Unemployed Persons July 2022 Month/Month Year/Year
Panama City 2,257 -63 -1,167

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
August
2022
3.7%
July
2022
3.5% 2.7% 2.4% 2,257
June
2022
3.6% 2.8% 2.5% 2,320
May
2022
3.6% 2.9% 2.6% 2,381
April
2022
3.6% 3.0% 2.6% 2,453
March
2022
3.6% 3.2% 2.8% 2,549
February
2022
3.8% 3.3% 2.9% 2,654
January
2022
4.0% 3.5% 3.0% 2,745
December
2021
3.9% 3.5% 3.1% 2,862
November
2021
4.2% 3.5% 3.1% 2,842
October
2021
4.6% 3.7% 3.1% 2,859
September
2021
4.7% 3.9% 3.3% 3,003

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.