Central Florida’s Unemployment Rate at 4.6 Percent for October 2016

Central Florida’s Unemployment Rate at 4.6 Percent for October 2016

by | Nov 18, 2016

FOR IMMEDIATE RELEASE

Nov 18, 2016

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 4.6 Percent for October 2016

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.6 percent in October 2016. This rate was 0.1 percentage point lower than the region’s year ago rate of 4.7 percent. The region’s October 2016 unemployment rate was 0.3 percentage point lower than the state rate of 4.9 percent. Out of a labor force of 1,301,642 there were 59,327 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 4.9 percent; Osceola County at 5.0 percent; and Sumter County at 7.1 percent.
• In October 2016 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,221,100, an increase of 47,400 jobs (+4.0 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 (+17.4 percent) in October 2016.
• The Orlando‐Kissimmee‐Sanford MSA had the second fastest annual job growth rate compared to all the metro areas in the state in education and health services (+6.8 percent) and leisure and hospitality (+6.1 percent) in October 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 (+14,900 jobs); mining, logging, and construction (+10,800 jobs); education and health services (+9,800 jobs); government (+2,100 jobs); and manufacturing (+1,800 jobs) in October 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 (+5,100 jobs) in October 2016.
• The mining, logging, and construction (+17.4 percent); education and health services (+6.8 percent); leisure and hospitality (+6.1 percent); manufacturing (+4.3 percent); trade, transportation, and utilities (+2.3 percent); and government (+1.7 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 (+14,900 jobs); mining, logging, and construction (+10,800 jobs); education and health services (+9,800 jobs); trade, transportation, and utilities (+5,100 jobs); professional and business services (+3,600 jobs); government (+2,100 jobs); and manufacturing (+1,800 jobs).
• The financial activities (‐400 jobs) and information (‐300 jobs) industries lost jobs over the year.
• The other services industry was unchanged over the year.
• In October 2016 nonagricultural employment in The Villages MSA was 27,300, an increase of 800 jobs (+3.0 percent) over the year.

# # #

Be Sociable, Share!