Central Florida’s Unemployment Rate at 4.5 Percent for August 2016

Central Florida’s Unemployment Rate at 4.5 Percent for August 2016

by | Sep 16, 2016

FOR IMMEDIATE RELEASE

Sep 16, 2016

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 4.5 Percent for August 2016

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.5 percent in August 2016. This rate was 0.7
percentage point lower than the region’s year ago rate of 5.2 percent. The region’s August
2016 unemployment rate was 0.4 percentage point lower than the state rate of 4.9 percent. Out of a labor force of 1,294,655 there were 58,025 unemployed residents in the region.

• The unemployment rates for each county in the Central Florida Region were: Seminole County at 4.2 percent; Orange County at 4.3 percent; Lake County at 4.7 percent; Osceola County at 5.0 percent; and Sumter County at 6.7 percent.

• In August 2016 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was
1,212,800, an increase of 51,600 jobs (+4.4 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 (+16.5 percent);
manufacturing (+7.5 percent); and education and health services (+5.9 percent) in August 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 (+13,600 jobs); mining, logging, and
construction (+10,200 jobs); education and health services (+8,400 jobs); government
(+3,300 jobs); manufacturing (+3,100 jobs); and other services (+1,100 jobs) in August 2016.

• The mining, logging, and construction (+16.5 percent); manufacturing (+7.5 percent);
education and health services (+5.9 percent); leisure and hospitality (+5.7 percent); other
services (+2.7 percent); government (+2.7 percent); and trade, transportation, and utilities
(+2.6 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 (+13,600 jobs); mining, logging, and construction (+10,200 jobs); education and health services (+8,400 jobs); professional and business services (+6,800 jobs); trade, transportation, and utilities (+5,700 jobs); government (+3,300 jobs); manufacturing (+3,100 jobs); and other services (+1,100 jobs).

• The information (‐400 jobs) and financial activities (‐200 jobs) industries lost jobs over the year.

• In August 2016 nonagricultural employment in the The Villages MSA was 26,900, an increase of 800 jobs (+3.1 percent) over the year.

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