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 |
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 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. ↩
Department of Numbers
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