Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 0.2 percentage points in July 2021 to 5.1%. For the same month, the metro unemployment rate was 0.0 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in April 2020 at 14.0% and is now 8.9 percentage points lower. From a post peak low of 3.6% in December 2020, the unemployment rate has now grown by 1.5 percentage points. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate July 2021 Month/Month Year/Year
National 5.4% -0.5 -4.8
Florida 5.1% +0.1 -6.4
Panama City 5.1% -0.2 -2.8
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with July 2021 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 April 2020 at 11,751. There are now 7,035 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 1,574.

Unemployed Persons July 2021 Month/Month Year/Year
Panama City 4,716 -245 -2,205

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
August
2021
5.2%
July
2021
5.4% 5.1% 5.1% 4,716
June
2021
5.9% 5.0% 5.3% 4,961
May
2021
5.8% 4.9% 4.9% 4,473
April
2021
6.1% 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
6.3% 4.8% 4.7% 4,203
December
2020
6.7% 5.1% 3.6% 3,142
November
2020
6.7% 5.4% 3.8% 3,315
October
2020
6.9% 5.8% 4.1% 3,614
September
2020
7.8% 7.2% 4.7% 4,109

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.