Overall unemployment rate moved down to 3.3% with the biggest shift in Business Services, which lost 1,100 roles, based on the most recently available information published in February 2022.
Total employment in the Cape Coral-Fort Myers, FL market declined by 781 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 3.3%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Cape Coral-Fort Myers, FL unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 10% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Transportation & Utilities: 57,000; +400
- Government: 43,800; -400
- Restaurants & Hotels: 41,600; +500
- Business Services: 37,000; -1,100
- Construction, Mining: 35,800; -500
- Education & Healthcare: 34,200; +100
- Financial Services: 14,700; no change
- Other Jobs: 11,200; +100
- Manufacturing: 6,900; no change
- IT & Development: 2,600; -100
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.