Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 1.5 percentage points in May 2020 to 11.7%. For the same month, the metro unemployment rate was 2.8 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in April 2020 at 13.2% and is now 1.5 percentage points lower. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate	May 2020	Month/Month	Year/Year
National	13.3%	-1.4	+9.7
Florida	14.5%	+0.7	+11.3
Panama City	11.7%	-1.5	+7.6

Note: Metro level data is now seasonally adjusted.¹ All comparisons are made with May 2020 data as June 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 April 2020 at 11,015. There are now 1,245 fewer people unemployed in the metropolitan area.

Unemployed Persons	May 2020	Month/Month	Year/Year
Panama City	9,770	-1,245	+6,071

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date	National Unemployment Rate	Florida Unemployment Rate	Panama City Unemployment Rate	Panama City Unemployed
June 2020	11.1%	—	—	—
May 2020	13.3%	14.5%	11.7%	9,770
April 2020	14.7%	13.8%	13.2%	11,015
March 2020	4.4%	4.4%	4.6%	4,112
February 2020	3.5%	2.8%	3.0%	2,729
January 2020	3.6%	2.8%	3.1%	2,796
December 2019	3.5%	2.9%	2.9%	2,592
November 2019	3.5%	2.8%	3.0%	2,718
October 2019	3.6%	2.9%	3.2%	2,868
September 2019	3.5%	2.9%	3.4%	3,034
August 2019	3.7%	3.0%	3.6%	3,208
July 2019	3.7%	3.1%	3.8%	3,379