Central Florida’s Unemployment Rate at 4.4 Percent for February 2017

Central Florida’s Unemployment Rate at 4.4 Percent for February 2017

by | Mar 24, 2017

FOR IMMEDIATE RELEASE

Mar 24, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 4.4 Percent for February 2017

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.4 percent in February 2017. This rate was 0.1 percentage point lower than the region’s year ago rate of 4.5 percent. The region’s February 2017 unemployment rate was 0.3 percentage point lower than the state rate of 4.7 percent. Out of a labor force of 1,321,871 there were 57,742 unemployed residents in the region.

• The unemployment rates for each county in the Central Florida Region were: Sumter County at 7.0 percent; Lake County at 4.7 percent; Orange County at 4.2 percent; Osceola County at 4.8 percent; and Seminole County at 4.2 percent.

• In February 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,240,900, an increase of 50,900 jobs (+4.3 percent) over the year.

• The Orlando‐Kissimmee‐Sanford MSA had the highest annual job growth compared to all the metro areas in the state in leisure and hospitality (+15,100 jobs); professional and business services (+8,700 jobs); trade, transportation, and utilities (+8,300 jobs); financial activities (+3,600 jobs); and manufacturing (+2,100 jobs) in February 2017.

• The Orlando‐Kissimmee‐Sanford MSA was tied with the highest annual job growth compared to all the metro areas in the state in government (+2,500 jobs) in February 2017.

• The Orlando‐Kissimmee‐Sanford MSA had the second highest annual job growth compared to all the metro areas in the state in mining, logging, and construction (+6,000 jobs) in February 2017.

• The mining, logging, and construction (+9.1 percent); leisure and hospitality (+6.1 percent); manufacturing (+5.0 percent); financial activities (+4.9 percent); professional and business services (+4.3 percent); trade, transportation, and utilities (+3.7 percent); and government (+2.0 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 (+15,100 jobs); professional and business services (+8,700 jobs); trade, transportation, and utilities (+8,300 jobs); mining, logging, and construction (+6,000 jobs); education and health services (+3,700 jobs); financial activities (+3,600 jobs); government (+2,500 jobs); manufacturing (+2,100 jobs); and other services (+1,400 jobs).

• The information (‐500 jobs) industry lost jobs over the year.

• In February 2017 nonagricultural employment in The Villages MSA was 28,300, an increase of 1,200 jobs (+4.4 percent) over the year.

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

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