Department of Numbers

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
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2021 data as December 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 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.