Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City rose 0.5 percentage points in November 2020 to 5.1%. For the same month, the metro unemployment rate was 1.2 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in April 2020 at 13.2% and is now 8.1 percentage points lower. From a post peak low of 4.6% in September 2020, the unemployment rate has now grown by 0.5 percentage points. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate November 2020 Month/Month Year/Year
National 6.7% -0.2 +3.1
Florida 6.3% -0.1 +3.5
Panama City 5.1% +0.5 +2.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2020 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 11,015. There are now 6,586 fewer people unemployed in the metropolitan area. From a recent trough of 3,938 in September 2020, the number of unemployed has now grown by 491.

Unemployed Persons November 2020 Month/Month Year/Year
Panama City 4,429 +447 +1,711

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
December
2020
6.7% 6.1%
November
2020
6.7% 6.3% 5.1% 4,429
October
2020
6.9% 6.4% 4.6% 3,982
September
2020
7.8% 7.2% 4.6% 3,938
August
2020
8.4% 7.3% 5.2% 4,473
July
2020
10.2% 11.4% 7.9% 6,609
June
2020
11.1% 10.3% 7.0% 5,782
May
2020
13.3% 13.7% 10.7% 8,852
April
2020
14.8% 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
3.5% 2.8% 3.1% 2,796

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.