Overall unemployment rate moved down to 2.5% with the biggest shift in Construction, Mining, which gained 1,000 roles, based on the most recently available information published in April 2022.
Total employment in the Cape Coral-Fort Myers, FL market rose by 3,895 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 2.5%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Cape Coral-Fort Myers, FL unemployment rate is 125 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 March versus prior month by 10.4% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 58,600; +100
- Government: 45,200; -100
- Restaurants & Hotels: 44,400; -100
- Business Services: 42,800; +300
- Construction, Mining: 35,000; +1,000
- Education & Healthcare: 32,600; no change
- Financial Services: 15,000; no change
- Other Jobs: 11,700; no change
- Manufacturing: 7,400; +100
- IT & Development: 3,100; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.