Overall unemployment rate stayed flat at 2.8% with the biggest shift in Restaurants & Hotels, which gained 1,900 roles, based on the most recently available information published in May 2023.
Total employment in the Cape Coral-Fort Myers, FL market rose by 5,860 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Cape Coral-Fort Myers, FL unemployment rate is 82 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 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 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 1.0% . Key sectors include:
- Transportation & Utilities: 59,400; no change
- Restaurants & Hotels: 49,000; +1,900
- Government: 46,200; no change
- Business Services: 45,600; +1,400
- Construction, Mining: 38,200; -400
- Education & Healthcare: 36,400; +200
- Financial Services: 15,600; no change
- Other Jobs: 11,700; no change
- Manufacturing: 8,100; no change
- IT & Development: 3,300; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.