Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City rose 0.1 percentage points in February 2018 to 3.6%. For the same month, the metro unemployment rate was 0.3 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in November 2010 at 11.0% and is now 7.4 percentage points lower. From a post peak low of 3.4% in October 2017, 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 February 2018 Month/Month Year/Year
National 4.1% 0.0 -0.6
Florida 3.9% 0.0 -0.6
Panama City 3.6% +0.1 -1.2
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with February 2018 data as March 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 10,299. There are now 6,863 fewer people unemployed in the metropolitan area. From a recent trough of 3,281 in November 2017, the number of unemployed has now grown by 155.

Unemployed Persons February 2018 Month/Month Year/Year
Panama City 3,436 +80 -1,133

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
March
2018
4.1%
February
2018
4.1% 3.9% 3.6% 3,436
January
2018
4.1% 3.9% 3.5% 3,356
December
2017
4.1% 3.9% 3.5% 3,364
November
2017
4.1% 3.9% 3.4% 3,281
October
2017
4.1% 3.9% 3.4% 3,307
September
2017
4.2% 3.9% 3.7% 3,544
August
2017
4.4% 4.0% 4.2% 4,002
July
2017
4.3% 4.1% 4.3% 4,091
June
2017
4.3% 4.1% 4.4% 4,159
May
2017
4.3% 4.2% 4.5% 4,253
April
2017
4.4% 4.3% 4.6% 4,344

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.