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.
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