Overall unemployment rate moved down to 4.0% with the biggest shift in Restaurants & Hotels, which gained 1,500 roles, based on the most recently available information published in November 2021.
Total employment in the Cape Coral-Fort Myers, FL market rose by 3,145 jobs in September and the unemployment rate decreased compared to the prior month by 60 bps to 4.0%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Cape Coral-Fort Myers, FL unemployment rate is 56 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 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 0.8% . Key sectors include:
- Transportation & Utilities: 53,800; +300
- Government: 44,100; +1,100
- Restaurants & Hotels: 37,800; +1,500
- Business Services: 37,000; +700
- Construction, Mining: 35,200; -1,100
- Education & Healthcare: 32,000; -400
- Financial Services: 14,400; no change
- Other Jobs: 10,800; no change
- Manufacturing: 6,600; no change
- IT & Development: 2,700; no change
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.