Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 0.1 percentage points in October 2018 to 2.9%. For the same month, the metro unemployment rate was 0.5 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in November 2010 at 11.1% and is now 8.2 percentage points lower. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate October 2018 Month/Month Year/Year
National 3.7% 0.0 -0.4
Florida 3.4% -0.1 -0.5
Panama City 2.9% -0.1 -0.7
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2018 data as November 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 November 2010 at 10,360. There are now 7,559 fewer people unemployed in the metropolitan area.

Unemployed Persons October 2018 Month/Month Year/Year
Panama City 2,801 -88 -686

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
November
2018
3.7%
October
2018
3.7% 3.4% 2.9% 2,801
September
2018
3.7% 3.5% 3.0% 2,889
August
2018
3.9% 3.7% 3.4% 3,323
July
2018
3.9% 3.7% 3.6% 3,526
June
2018
4.0% 3.8% 3.6% 3,503
May
2018
3.8% 3.8% 3.4% 3,326
April
2018
3.9% 3.9% 3.6% 3,457
March
2018
4.1% 3.9% 3.8% 3,622
February
2018
4.1% 3.9% 3.7% 3,609
January
2018
4.1% 3.9% 3.8% 3,615
December
2017
4.1% 3.9% 3.6% 3,407

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.