Central Florida’s Unemployment Rate Remains at 4.5 Percent For September 2016

Central Florida’s Unemployment Rate Remains at 4.5 Percent For September 2016

by | Oct 21, 2016

FOR IMMEDIATE RELEASE

Oct 21, 2016

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate Remains at 4.5 Percent For September 2016

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.5 percent in September 2016. This rate was 0.4
percentage point lower than the region’s year ago rate of 4.9 percent. The region’s September 2016 unemployment rate was 0.5 percentage point lower than the state rate of 5.0 percent. Out of a labor force of 1,308,656 there were 59,085 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 4.3 percent; Lake County at 4.8 percent; Osceola County at 5.0 percent; and Sumter County at 6.9 percent.

• In September 2016 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,218,100, an increase of 55,200 jobs (+4.7 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 (+20.1 percent); manufacturing (+6.3 percent); and education and health services (+6.3 percent) in September 2016.

• The Orlando‐Kissimmee‐Sanford MSA had the second fastest annual job growth rate compared to all the metro areas in the state in government (+2.6 percent) in September 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 (+12,500 jobs); education and health services (+9,100 jobs); government (+3,100 jobs); manufacturing (+2,600 jobs); and other services (+1,500 jobs) in September 2016.

• The Orlando‐Kissimmee‐Sanford MSA had the second highest annual job growth compared to all the metro areas in the state in trade, transportation, and utilities (+6,200 jobs) in September 2016.

• The mining, logging, and construction (+20.1 percent); education and health services (+6.3 percent); manufacturing (+6.3 percent); leisure and hospitality (+5.6 percent); other services (+3.7 percent); trade, transportation, and utilities (+2.8 percent); and government (+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 (+13,500 jobs); mining, logging, and construction (+12,500 jobs); education and health services (+9,100 jobs); professional and business services (+7,900 jobs); trade, transportation, and utilities (+6,200 jobs); government (+3,100 jobs); manufacturing (+2,600 jobs); and other services (+1,500 jobs).

• The financial activities (‐800 jobs) and information (‐400 jobs) industries lost jobs over the year.

• In September 2016 nonagricultural employment in the The Villages MSA was 27,000, an increase of
900 jobs (+3.4 percent) over the year.

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