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

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

by | Dec 16, 2016

FOR IMMEDIATE RELEASE

Dec 16, 2016

Contact: Larry Krause

407-531-1222, Ext. 2082

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

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.5 percent in November 2016. This rate was 0.2
percentage point lower than the region’s year ago rate of 4.7 percent. The region’s November 2016 unemployment rate was 0.3 percentage point lower than the state rate of 4.8 percent. Out of a labor force of 1,303,434 there were 58,522 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 4.8 percent; Osceola County at 5.0 percent; and Sumter County at 7.0 percent.
• In November 2016 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,238,500, an increase of 53,100 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 (+15.1 percent) in November 2016.
• The Orlando‐Kissimmee‐Sanford MSA had the second fastest annual job growth rate compared to all the metro areas in the state in leisure and hospitality (+8.0 percent) and education and health services (+7.3 percent) in November 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 (+19,500 jobs); education and health services (+10,600 jobs); mining, logging, and construction (+9,600 jobs); and government (+2,200 jobs) in November 2016.
• The mining, logging, and construction (+15.1 percent); leisure and hospitality (+8.0 percent); education and health services (+7.3 percent); and government (+1.8 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 (+19,500 jobs); education and health services (+10,600 jobs); mining, logging, and construction (+9,600 jobs); professional and business services (+5,700 jobs); trade, transportation, and utilities (+4,600 jobs); government (+2,200 jobs); financial activities (+1,000 jobs); manufacturing (+900 jobs).
• The other services (‐700 jobs) and information (‐300 jobs) industries lost jobs over the year.
• In November 2016 nonagricultural employment in The Villages MSA was 27,600, an increase of 800 jobs (+3.0 percent) over the year.

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