The Florida Department of Economic Opportunity announces Southwest Florida November 2020 Economic Data

The Florida Department of Economic Opportunity announced that statewide, the number of private-sector jobs increased 9,800, up 0.1% from October 2020. Florida’s unemployment rate was 6.4% in November 2020. Florida’s labor force was up 49,000 (+0.5%) over the month. 

The Fort Myers area private-sector employment decreased by 8,300 jobs (-3.5%) over the year. The Fort Myers area’s unemployment rate was 5.7% in November. The Naples area private-sector employment decreased by 4,500 jobs (-3.1%) over the year. The Naples area’s unemployment rate was 4.9% in November. 

The industry losing the most jobs over the year in the Fort Myers area was leisure and hospitality (-9,000 jobs). Two major industries gained jobs over the year in the Fort Myers area: professional and business services (+3,400 jobs); and construction (+1,700 jobs). The industry losing the most jobs over the year in the Naples area was leisure and hospitality (-2,600 jobs). Four major industries gained jobs over the year in the Naples area: manufacturing (+300 jobs); construction (+300 jobs); financial activities (+100 jobs); and other services (+100 jobs).