Overall unemployment rate moved down to 3.5% with the biggest shift in Transportation & Utilities, which gained 1,500 roles, based on the most recently available information published in December 2021.
Total employment in the Cape Coral-Fort Myers, FL market rose by 2,282 jobs in November and the unemployment rate decreased compared to the prior month by 30 bps to 3.5%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Cape Coral-Fort Myers, FL unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 7.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.8% . Key sectors include:
- Transportation & Utilities: 56,600; +1,500
- Government: 44,200; +200
- Restaurants & Hotels: 41,200; +1,300
- Business Services: 38,800; +800
- Construction, Mining: 36,400; +400
- Education & Healthcare: 34,100; +500
- Financial Services: 14,700; +200
- Other Jobs: 11,100; +100
- Manufacturing: 6,900; +100
- IT & Development: 2,700; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.