Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 0.2 percentage points in July 2019 to 4.0%. For the same month, the metro unemployment rate was 0.7 percentage points higher than the Florida rate. The unemployment rate in Panama City peaked in November 2010 at 11.0% and is now 7.0 percentage points lower. From a post peak low of 3.2% in October 2018, the unemployment rate has now grown by 0.8 percentage points. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate July 2019 Month/Month Year/Year
National 3.7% 0.0 -0.2
Florida 3.3% -0.1 -0.2
Panama City 4.0% -0.2 +0.6
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with July 2019 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 November 2010 at 10,265. There are now 6,538 fewer people unemployed in the metropolitan area. From a recent trough of 3,026 in October 2018, the number of unemployed has now grown by 701.

Unemployed Persons July 2019 Month/Month Year/Year
Panama City 3,727 -204 +452

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
September
2019
3.5%
August
2019
3.7% 3.3%
July
2019
3.7% 3.3% 4.0% 3,727
June
2019
3.7% 3.4% 4.2% 3,931
May
2019
3.6% 3.4% 4.5% 4,203
April
2019
3.6% 3.5% 4.7% 4,477
March
2019
3.8% 3.5% 4.9% 4,694
February
2019
3.8% 3.5% 5.0% 4,741
January
2019
4.0% 3.4% 4.8% 4,644
December
2018
3.9% 3.3% 5.6% 5,382
November
2018
3.7% 3.3% 7.0% 6,827
October
2018
3.8% 3.3% 3.2% 3,026

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.