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

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