Overall unemployment rate moved down to 4.1% with the biggest shift in Restaurants & Hotels, which gained 1,400 roles, based on the most recently available information published in April 2021.
Total employment in the Cape Coral-Fort Myers, FL market rose by 3,901 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 4.1%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Cape Coral-Fort Myers, FL unemployment rate is 245 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in February versus prior month by -0.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 54,000; -200
- Government: 43,400; +800
- Restaurants & Hotels: 38,200; +1,400
- Business Services: 36,600; -400
- Construction, Mining: 33,800; -500
- Education & Healthcare: 31,500; no change
- Financial Services: 13,400; +100
- Other Jobs: 11,000; +100
- Manufacturing: 6,500; +100
- IT & Development: 2,600; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.