Department of Numbers

Panama City, Florida Unemployment

The BLS reported that the unemployment rate for Panama City fell 0.4 percentage points in February 2019 to 4.8%. For the same month, the metro unemployment rate was 1.3 percentage points higher than the Florida rate. The unemployment rate in Panama City peaked in November 2010 at 11.1% and is now 6.3 percentage points lower. From a post peak low of 2.9% in October 2018, the unemployment rate has now grown by 1.9 percentage points. You can also compare Panama City unemployment with unemployment in other cities.

Unemployment Rate February 2019 Month/Month Year/Year
National 3.8% -0.2 -0.3
Florida 3.5% +0.1 -0.4
Panama City 4.8% -0.4 +1.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with February 2019 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 10,360. There are now 5,813 fewer people unemployed in the metropolitan area. From a recent trough of 2,810 in October 2018, the number of unemployed has now grown by 1,737.

Unemployed Persons February 2019 Month/Month Year/Year
Panama City 4,547 -402 +938

Number of Unemployed Persons

Panama City, Florida Unemployment History

Date National
Unemployment Rate
Florida
Unemployment Rate
Panama City
Unemployment Rate
Panama City
Unemployed
March
2019
3.8% 3.5%
February
2019
3.8% 3.5% 4.8% 4,547
January
2019
4.0% 3.4% 5.2% 4,949
December
2018
3.9% 3.3% 5.6% 5,438
November
2018
3.7% 3.3% 5.1% 4,931
October
2018
3.8% 3.3% 2.9% 2,810
September
2018
3.7% 3.3% 3.0% 2,889
August
2018
3.8% 3.4% 3.4% 3,323
July
2018
3.9% 3.5% 3.6% 3,526
June
2018
4.0% 3.6% 3.6% 3,503
May
2018
3.8% 3.7% 3.4% 3,326
April
2018
3.9% 3.7% 3.6% 3,457

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.