Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 1.5 percentage points in May 2020 to 11.7%. For the same month, the metro unemployment rate was 2.8 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in April 2020 at 13.2% and is now 1.5 percentage points lower. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate May 2020 Month/Month Year/Year
National 13.3% -1.4 +9.7
Florida 14.5% +0.7 +11.3
Panama City 11.7% -1.5 +7.6
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with May 2020 data as June 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 11,015. There are now 1,245 fewer people unemployed in the metropolitan area.

Unemployed Persons May 2020 Month/Month Year/Year
Panama City 9,770 -1,245 +6,071

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
June
2020
11.1%
May
2020
13.3% 14.5% 11.7% 9,770
April
2020
14.7% 13.8% 13.2% 11,015
March
2020
4.4% 4.4% 4.6% 4,112
February
2020
3.5% 2.8% 3.0% 2,729
January
2020
3.6% 2.8% 3.1% 2,796
December
2019
3.5% 2.9% 2.9% 2,592
November
2019
3.5% 2.8% 3.0% 2,718
October
2019
3.6% 2.9% 3.2% 2,868
September
2019
3.5% 2.9% 3.4% 3,034
August
2019
3.7% 3.0% 3.6% 3,208
July
2019
3.7% 3.1% 3.8% 3,379

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.