Panama City, Florida Unemployment
The BLS reported that the unemployment rate for Panama City fell 0.4 percentage points in November 2021 to 3.8%. For the same month, the metro unemployment rate was 0.7 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in April 2020 at 14.0% and is now 10.2 percentage points lower. From a post peak low of 3.6% in December 2020, 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 | November 2021 | Month/Month | Year/Year |
|---|---|---|---|
| National | 4.2% | -0.4 | -2.5 |
| Florida | 4.5% | -0.1 | -0.9 |
| Panama City | 3.8% | -0.4 | 0.0 |
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 8,166 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 443.
| Unemployed Persons | November 2021 | Month/Month | Year/Year |
|---|---|---|---|
| Panama City | 3,585 | -332 | +270 |
Number of Unemployed Persons
Panama City, Florida Unemployment History
| Date | National Unemployment Rate |
Florida Unemployment Rate |
Panama City Unemployment Rate |
Panama City Unemployed |
|---|---|---|---|---|
| December 2021 |
3.9% | — | — | — |
| November 2021 |
4.2% | 4.5% | 3.8% | 3,585 |
| October 2021 |
4.6% | 4.6% | 4.2% | 3,917 |
| September 2021 |
4.7% | 4.8% | 4.5% | 4,169 |
| August 2021 |
5.2% | 5.0% | 4.8% | 4,473 |
| July 2021 |
5.4% | 5.1% | 5.1% | 4,714 |
| June 2021 |
5.9% | 5.0% | 5.3% | 4,961 |
| May 2021 |
5.8% | 4.9% | 4.9% | 4,473 |
| April 2021 |
6.0% | 4.8% | 5.1% | 4,696 |
| March 2021 |
6.0% | 4.7% | 5.4% | 4,984 |
| February 2021 |
6.2% | 4.7% | 5.3% | 4,820 |
| January 2021 |
6.4% | 4.8% | 4.7% | 4,203 |
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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