Overall unemployment rate moved up to 5.3% with the biggest shift in Government, which lost 2,700 roles, based on the most recently available information published in July 2021.

Total employment in the Cape Coral-Fort Myers, FL market declined by 522 jobs in June and the unemployment rate increased compared to the prior month by 70 bps to 5.3%. The national unemployment rate increased by 60 bps over the same time to 6.1%.

  • Cape Coral-Fort Myers, FL unemployment rate is 79 bps below the national rate which is a positive sign.
  • Unemployment in the market is 570 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in June versus prior month by 9% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Cape Coral-Fort Myers, FL Unemployment June 2021

For key employment segments of the market, total jobs declined by -1.0%. Key sectors include:

  • Transportation & Utilities: 53,500; +300
  • Government: 40,200; -2,700
  • Restaurants & Hotels: 36,100; -1,000
  • Business Services: 35,600; +100
  • Construction, Mining: 35,500; +600
  • Education & Healthcare: 31,900; no change
  • Financial Services: 14,100; +200
  • Other Jobs: 10,900; -100
  • Manufacturing: 6,500; no change
  • IT & Development: 2,700; no change
Cape Coral-Fort Myers, FL Unemployment by Industry June 2021

Overall unemployment rate moved up to 0.1% , based on the most recently available information published in .