Overall unemployment rate moved down to 3.9% with the biggest shift in Restaurants & Hotels, which gained 2,600 roles, based on the most recently available information published in December 2021.
Total employment in the Cape Coral-Fort Myers, FL market rose by 5,180 jobs in October and the unemployment rate decreased compared to the prior month by 10 bps to 3.9%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Cape Coral-Fort Myers, FL unemployment rate is 36 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 10.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.1% . Key sectors include:
- Transportation & Utilities: 55,200; +1,400
- Government: 44,000; -100
- Restaurants & Hotels: 40,300; +2,600
- Business Services: 37,500; -300
- Construction, Mining: 36,000; +800
- Education & Healthcare: 33,300; +1,000
- Financial Services: 14,500; +100
- Other Jobs: 11,000; +200
- Manufacturing: 6,800; +200
- IT & Development: 2,700; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.