Central Florida’s Unemployment Rate at 4.8 Percent for January 2016

Central Florida’s Unemployment Rate at 4.8 Percent for January 2016

by | Mar 14, 2016

FOR IMMEDIATE RELEASE

Mar 14, 2016

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 4.8 Percent for January 2016

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.8 percent in January 2016. This rate was 1.0 percentage point lower than the region’s year ago rate of 5.8 percent. The region’s January 2016 unemployment rate was 0.3 percentage point lower than the state rate of 5.1 percent. Out of a labor force of 1,258,753 there were 60,271 unemployed residents in the region.

 The unemployment rates in the counties that comprise the CareerSource Central Florida region were: 4.5 percent in Seminole County, 4.6 percent in Orange County, 5.1 percent in Lake County, 5.3 percent in Osceola County, and 7.3 percent in Sumter County.

 Nonagricultural employment in the Orlando‐Kissimmee‐Sanford metro area (Lake,
Orange, Osceola, and Seminole counties) was 1,178,400 in January 2016, an increase of 55,500 jobs (+4.9 percent) over the year. The metro area’s over the year growth rate was 1.5 percentage points higher than the state growth rate of 3.4 percent.

 The Orlando‐Kissimmee‐Sanford MSA gained the most nonagricultural jobs in January 2016 among all metro areas in Florida compared to a year ago with 55,500 new jobs.

 In January 2016, the Orlando metro area led all metro areas in job gains over the year in professional and business services (+15,900 jobs); leisure and hospitality (+10,000 jobs); trade, transportation, and utilities (+8,600 jobs); mining, logging, and construction (+8,200 jobs); education and health services (+6,400 jobs); manufacturing (+2,900 jobs); and other services (+2,100 jobs).

 The metro area’s over‐the‐year growth rates in mining, logging, and construction
(+14.4 percent); professional and business services (+8.6 percent); manufacturing (+7.3 percent); other services (+5.4 percent); education and health services (+4.6 percent); leisure and hospitality (+4.4 percent); trade, transportation, and utilities (+4.0 percent); and government (+1.3 percent) were stronger than the statewide growth rates in these industries.

 Nine out of ten major industries gained jobs over the year. The industries gaining jobs were: professional and business services (+15,900 jobs); leisure and hospitality (+10,000 jobs); trade, transportation, and utilities (+8,600 jobs); mining, logging, and construction (+8,200 jobs); education and health services (+6,400 jobs); manufacturing (+2,900 jobs); other services (+2,100 jobs); government (+1,600 jobs); and financial activities (+400 jobs).
 The only industry to lose jobs over the year was information (‐600 jobs).
 Nonagricultural employment in The Villages metro area (Sumter County) was 26,900 in January 2016, up 900 jobs over the year (+3.5 percent).

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