Overall unemployment rate moved up to 4.6% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in April 2021.
Total employment in the Cape Coral-Fort Myers, FL market rose by 4,248 jobs in March and the unemployment rate increased compared to the prior month by 30 bps to 4.6%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Cape Coral-Fort Myers, FL unemployment rate is 158 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 1.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 54,800; +200
- Government: 43,800; +400
- Restaurants & Hotels: 39,300; +1,200
- Business Services: 37,300; +800
- Construction, Mining: 34,500; +600
- Education & Healthcare: 31,900; +300
- Financial Services: 13,400; no change
- Other Jobs: 11,000; no change
- Manufacturing: 6,500; no change
- IT & Development: 2,700; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.