Overall unemployment rate moved up to 4.9% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in July 2021.
Total employment in the Panama City, FL market rose by 1,618 jobs in June and the unemployment rate increased compared to the prior month by 70 bps to 4.9%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Panama City, FL unemployment rate is 119 bps below the national rate which is a positive sign.
- Unemployment in the market is 270 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 1.1% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Transportation & Utilities: 16,200; +300
- Restaurants & Hotels: 14,800; +1,200
- Government: 12,300; -900
- Business Services: 10,400; +100
- Education & Healthcare: 9,400; no change
- Construction, Mining: 7,600; +100
- Financial Services: 5,000; +100
- Manufacturing: 3,200; no change
- Other Jobs: 2,700; +100
- IT & Development: 600; no change
Employment Change by Key Sector
