Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 0.9 percentage points in January 2021 to 3.7%. For the same month, the metro unemployment rate was 1.1 percentage points lower than the Florida rate. The unemployment rate in Panama City peaked in April 2020 at 13.2% and is now 9.5 percentage points lower. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate January 2021 Month/Month Year/Year
National 6.3% -0.4 +2.8
Florida 4.8% -0.3 +1.5
Panama City 3.7% -0.9 +0.6
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with January 2021 data as February 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 7,691 fewer people unemployed in the metropolitan area.

Unemployed Persons January 2021 Month/Month Year/Year
Panama City 3,324 -766 +528

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
March
2021
6.0%
February
2021
6.2% 4.7%
January
2021
6.3% 4.8% 3.7% 3,324
December
2020
6.7% 5.1% 4.6% 4,090
November
2020
6.7% 5.4% 4.6% 4,029
October
2020
6.9% 5.8% 4.6% 3,982
September
2020
7.8% 7.2% 4.6% 3,938
August
2020
8.4% 7.9% 5.2% 4,473
July
2020
10.2% 11.5% 7.9% 6,609
June
2020
11.1% 11.6% 7.0% 5,782
May
2020
13.3% 14.2% 10.7% 8,852
April
2020
14.8% 14.0% 13.2% 11,015

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.