Overall unemployment rate moved down to 2.2% with the biggest shift in Restaurants & Hotels, which gained 800 roles, based on the most recently available information published in June 2022.
Total employment in the Cape Coral-Fort Myers, FL market rose by 3,248 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 2.2%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Cape Coral-Fort Myers, FL unemployment rate is 114 bps below the national rate which is a positive sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 9.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 57,900; -700
- Government: 45,400; +200
- Restaurants & Hotels: 44,800; +800
- Business Services: 43,100; +300
- Construction, Mining: 35,000; +200
- Education & Healthcare: 33,600; +700
- Financial Services: 15,600; +600
- Other Jobs: 11,900; +100
- Manufacturing: 7,300; no change
- IT & Development: 3,000; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.