Central Florida’s Unemployment Rate Dips to 4.3 Percent for December 2016

Central Florida’s Unemployment Rate Dips to 4.3 Percent for December 2016

by | Jan 20, 2017

FOR IMMEDIATE RELEASE

Jan 20, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate Dips to 4.3 Percent for December 2016

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.3 percent in December 2016. This rate was 0.1
percentage point lower than the region’s year ago rate of 4.4 percent. The region’s December 2016 unemployment rate was 0.4 percentage point lower than the state rate of 4.7 percent. Out of a labor force of 1,306,190 there were 56,062 unemployed residents in the region.
• The unemployment rates for each county in the Central Florida Region were: Seminole County at 4.0 percent; Orange County at 4.1 percent; Lake County at 4.6 percent; Osceola County at 4.8 percent; and Sumter County at 6.6 percent.
• In December 2016 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,240,900, an increase of 50,300 jobs (+4.2 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 (+15.2 percent) in December 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 (+16,000 jobs); education and health services (+10,200 jobs); mining, logging, and construction (+9,700 jobs); and government (+2,000 jobs) in December 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 (+5,700 jobs) and other services (+1,200 jobs) in December 2016.
• The mining, logging, and construction (+15.2 percent); education and health services (+7.0 percent); leisure and hospitality (+6.5 percent); other services (+2.8 percent); trade, transportation, and utilities (+2.5 percent); and government (+1.6 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 (+16,000 jobs); education and health services (+10,200 jobs); mining, logging, and construction (+9,700 jobs); trade, transportation, and utilities (+5,700 jobs); financial activities (+2,600 jobs); professional and business services (+2,500 jobs); government (+2,000 jobs); other services (+1,200 jobs); and manufacturing (+800 jobs).
• The information (‐400 jobs) industry lost jobs over the year.
• In December 2016 nonagricultural employment in the The Villages MSA was 27,800, an increase of 900 jobs (+3.3 percent) over the year.

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