Central Florida’s Unemployment Rate at 4.9 Percent for January 2017

Central Florida’s Unemployment Rate at 4.9 Percent for January 2017

by | Mar 21, 2017

FOR IMMEDIATE RELEASE

Mar 21, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 4.9 Percent for January 2017

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.9 percent in January 2017. This rate was 0.1 percentage point higher than the region’s year ago rate of 4.8 percent. The region’s January 2017 unemployment rate was 0.3 percentage point lower than the state rate of 5.2 percent. Out of a labor force of 1,310,181 there were 64,529 unemployed residents in the region.

• The unemployment rates for each county in the Central Florida Region were: Seminole County at 4.7 percent; Orange County at 4.7 percent; Lake County at 5.3 percent; Osceola County at 5.4 percent; and Sumter County at 7.6 percent.

• In January 2017, nonagricultural employment in the OrlandoKissimmeeSanford MSA was 1,233,000, an increase of 54,600 jobs (+4.6 percent) over the year.

•The OrlandoKissimmeeSanford MSA had the highest annual job growth compared to all the metro areas in the state in professional and business services (+13,200 jobs); leisure and hospitality (+11,500 jobs); trade, transportation, and utilities (+9,300 jobs); government (+3,100 jobs); manufacturing (+1,800 jobs) in January 2017.

•The OrlandoKissimmeeSanford MSA was tied for the highest annual job growth compared to all the metro areas in the state in financial activities (+3,000 jobs) in January 2017.

•The OrlandoKissimmeeSanford MSA had the second highest annual job growth compared to all the metro areas in the state in mining, logging, and construction (+6,700 jobs) and education and health services (+5,200 jobs) in January 2017.

•The mining, logging, and construction (+10.4 percent); professional and business services (+6.7 percent); leisure and hospitality (+4.8 percent); manufacturing (+4.3 percent); trade, transportation, and utilities (+4.2 percent); financial activities (+4.1 percent); and government (+2.5 percent) industries grew faster in the metro area than statewide over the year.

•The industries gaining in jobs over the year were: professional and business services (+13,200 jobs); leisure and hospitality (+11,500 jobs); trade, transportation, and utilities (+9,300 jobs); mining, logging, and construction (+6,700 jobs); education and health services (+5,200 jobs); government (+3,100 jobs); financial activities (+3,000 jobs); manufacturing (+1,800 jobs); and other services (+1,500 jobs).

•The information (700 jobs) industry lost jobs over the year.

•In January 2017 nonagricultural employment in The Villages MSA was 28,100, an increase of 1,100 jobs (+4.1 percent) over the year.

•The Villages MSA the second highest annual job growth rate compared to all the metro areas in the state in government (+4.0 percent) in January 2017.

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