Central Florida’s Unemployment At 4.7 Percent For July 2016

Central Florida’s Unemployment At 4.7 Percent For July 2016

by | Aug 19, 2016

FOR IMMEDIATE RELEASE

Aug 19, 2016

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment At 4.7 Percent For July 2016

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange,
Osceola, Seminole, and Sumter counties) was 4.7 percent in July 2016. This rate was 0.7 percentage point lower than the region’s year ago rate of 5.4 percent. The region’s July 2016 unemployment rate was 0.4 percentage point lower than the state rate of 5.1 percent. Out of a labor force of 1,295,559 there were 60,721 unemployed residents in the region.

• The unemployment rates for each county in the Central Florida Region were: Seminole County at 4.5 percent; Orange County at 4.5 percent; Lake County at 5.0 percent; Osceola County at 5.1 percent; and Sumter County at 7.1 percent.

• In July 2016 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,195,900, an increase of 47,400 jobs (+4.1 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 (+16.9 percent) and manufacturing (+6.3 percent) in July 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 (+10,700 jobs); mining, logging, and construction (+10,400 jobs); education and health services (+8,900 jobs); manufacturing (+2,600 jobs); government (+2,600 jobs); and other services (+1,200 jobs) in July 2016.

• The mining, logging, and construction (+16.9 percent); manufacturing (+6.3 percent); education and health services (+6.3 percent); leisure and hospitality (+4.4 percent); other services (+3.0 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 (+10,700 jobs); mining, logging, and construction (+10,400 jobs); education and health services (+8,900 jobs); trade, transportation, and utilities (+6,000 jobs); professional and business services (+5,800 jobs); manufacturing (+2,600 jobs); government (+2,600 jobs); and other services (+1,200 jobs).

• The information (‐500 jobs) and financial activities (‐300 jobs) industries lost jobs over the year.

• In July 2016 nonagricultural employment in The Villages MSA was 26,200, an increase
of 900 jobs (+3.6 percent) over the year.

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