The unemployment rate in the CareerSource Gulf Coast region (Bay, Franklin, and Gulf Counties) was 3.4 percent in November 2021. This rate was 0.3 percentage point lower than the region's year ago rate of 3.7 percent. The region's November 2021 unemployment rate was 0.2 percentage point lower than the state rate of 3.6 percent. The labor force was 97,132, up 5,680 (+6.2 percent) over the year. There were 3,258 unemployed residents in the region.
Gulf County had the lowest unemployment rate (3.2
percent) in the CareerSource Gulf Coast region followed by Franklin County (3.3
percent), and Bay County (3.4 percent.)
Unemployment Rates (%) (not seasonally adjusted)
|
County
|
Nov-21
|
Oct-21
|
Nov-20
|
|
Bay County
|
3.4%
|
3.6%
|
3.8%
|
|
Franklin County
|
3.3%
|
3.7%
|
3.6%
|
|
Gulf County
|
3.2%
|
3.4%
|
3.8%
|
In November 2021
nonagricultural employment in the Panama City MSA was 81,700, an increase of
3,200 jobs (+4.1 percent) over the year.
The professional
and business services (+12.9 percent) and mining, logging, and construction
(+5.7 percent) industries grew faster in the metro area than statewide over the
year.
The Panama City Metropolitan
Statistical Area had the third fastest annual job growth rate compared to all
the metro areas in the state in professional and business services (+12.9
percent) in November 2021.
The industries gaining in jobs over the year were professional and business services (+1,300 jobs); leisure and hospitality (+1,000 jobs); trade, transportation, and utilities (+500 jobs); mining, logging, and construction (+400 jobs); and financial activities (+100 jobs.)
The
manufacturing (-100 jobs) industry lost jobs over the year.
The information;
education and health services; other services; and government industries were
unchanged over the year.
“There is much to celebrate this holiday season, including a strong economic recovery and an abundance of job opportunities,” said Kim Bodine, Executive Director of CareerSource Gulf Coast. “More jobseekers have re-engaged with the workforce and local employers are reaching them with innovative recruitment strategies and higher average wages. We continue to see growth in sectors like professional and business services, along with leisure and hospitality.”
Florida
Unemployment Data
Florida’s not seasonally adjusted unemployment rate was 3.6 percent in November 2021, down 0.4 percentage point from the October 2021 rate, and down 1.4 percentage points from a year ago. There were 386,000 jobless Floridians out of a labor force of 10,646,000.
