Overall unemployment rate moved up to 3.4% with the biggest shift in Business Services, which lost 1,200 roles, based on the most recently available information published in March 2022.
Total employment in the Cape Coral-Fort Myers, FL market declined by 69 jobs in January and the unemployment rate increased compared to the prior month by 10 bps to 3.4%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Cape Coral-Fort Myers, FL unemployment rate is 103 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 11.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Transportation & Utilities: 58,600; -600
- Government: 44,600; no change
- Restaurants & Hotels: 43,700; +600
- Business Services: 40,100; -1,200
- Construction, Mining: 33,500; -1,000
- Education & Healthcare: 33,300; -200
- Financial Services: 14,600; no change
- Other Jobs: 11,700; no change
- Manufacturing: 7,200; -100
- IT & Development: 3,100; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.