Overall unemployment rate stayed flat at 4.6% with the biggest shift in Restaurants & Hotels, which lost 1,200 roles, based on the most recently available information published in June 2021.
Total employment in the Cape Coral-Fort Myers, FL market declined by 1,511 jobs in May and the unemployment rate stayed flat. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Cape Coral-Fort Myers, FL unemployment rate is 90 bps below the national rate which is a positive sign.
- Unemployment in the market is 930 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 6.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.5%. Key sectors include:
- Transportation & Utilities: 53,300; -600
- Government: 42,900; -1,000
- Restaurants & Hotels: 36,900; -1,200
- Business Services: 35,800; -900
- Construction, Mining: 34,700; -200
- Education & Healthcare: 31,800; -100
- Financial Services: 13,900; -100
- Other Jobs: 11,000; no change
- Manufacturing: 6,600; +100
- IT & Development: 2,700; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.