Panama City city: Unemployment Rate Trend
How Panama City city's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
8.9%
2023
4.4%
Total change
-4.5 pp
% change
-50.6%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 8.9% | — |
| 2019 | 7.6% | -1.3 pp (-14.6%) |
| 2020 | 6.3% | -1.3 pp (-17.1%) |
| 2021 | 6.7% | +0.4 pp (6.3%) |
| 2022 | 5.1% | -1.6 pp (-23.9%) |
| 2023 | 4.4% | -0.7 pp (-13.7%) |