Central Florida’s Unemployment Rate At 4.6 Percent For June 2016

Central Florida’s Unemployment Rate At 4.6 Percent For June 2016

by | Jul 22, 2016

FOR IMMEDIATE RELEASE

Jul 22, 2016

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate At 4.6 Percent For June 2016

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange,
Osceola, Seminole, and Sumter counties) was 4.6 percent in June 2016. This rate was 0.6 percentage point lower than the region’s year ago rate of 5.2 percent. The region’s June 2016 unemployment rate was 0.3 percentage point lower than the state rate of 4.9 percent. Out of a labor force of 1,289,176 there were 58,742 unemployed residents in the region.

• The unemployment rates for each county in the Central Florida Region were: Seminole County at 4.3 percent; Orange County at 4.4 percent; Lake County at 4.8 percent; Osceola County at 5.1 percent; and Sumter County at 6.6 percent.

• In June 2016 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,199,400, an increase of 51,600 jobs (+4.5 percent) over the year.

• The Orlando‐Kissimmee‐Sanford MSA had the fastest annual job growth rate compared to all the metro areas in the state in mining, logging, and construction (+15.7 percent) and manufacturing (+8.0 percent) in June 2016.

• The Orlando‐Kissimmee‐Sanford MSA had the highest annual job growth compared to all the metro areas in the state in leisure and hospitality (+13,500 jobs); mining, logging, and construction (+9,500 jobs); education and health services (+8,300 jobs); manufacturing (+3,300 jobs); government (+2,600 jobs); and other services (+2,000 jobs) in June 2016.

• The mining, logging, and construction (+15.7 percent); manufacturing (+8.0 percent); education and health services (+5.8 percent); leisure and hospitality (+5.6 percent); other services (+5.0 percent); trade, transportation, and utilities (+2.7 percent); and government (+2.4 percent) industries grew faster in the metro area than statewide over the year.

• The industries gaining in jobs over the year were: leisure and hospitality (+13,500 jobs); mining, logging, and construction (+9,500 jobs); education and health services (+8,300 jobs); professional and business services (+7,200 jobs); trade, transportation, and utilities (+5,900 jobs); manufacturing (+3,300 jobs); government (+2,600 jobs); and other services (+2,000 jobs).

• The information (‐600 jobs) and financial activities (‐100 jobs) industries lost jobs over the year.

• In June 2016 nonagricultural employment in the The Villages MSA was 26,800, an increase of 1,000 jobs (+3.9 percent) over the year.

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