Central Florida’s Unemployment Rate Drops to 4.0 Percent For March 2017

Central Florida’s Unemployment Rate Drops to 4.0 Percent For March 2017

by | Apr 21, 2017

FOR IMMEDIATE RELEASE

Apr 21, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate Drops to 4.0 Percent For March 2017

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.0 percent in March 2017. This rate was 0.5 percentage point lower than the region’s year ago rate of 4.5 percent. The region’s March 2017 unemployment rate was 0.3 percentage point lower than the state rate of 4.3 percent. Out of a labor force of 1,321,205 there were 52,231 unemployed residents in the region.
• The unemployment rates for the five counties that comprise the Central Florida region were: Sumter County (6.1 percent), Lake County (4.2 percent), Orange County (3.8 percent), Osceola County (4.4 percent), and Seminole County (3.8 percent).
• In March 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,239,800, an increase of 42,800 jobs (+3.6 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 (+12,000 jobs); trade, transportation, and utilities (+8,200 jobs); financial activities (+3,400 jobs); and manufacturing (+2,600 jobs) in March 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 (+5,800 jobs) in March 2017.
• The mining, logging, and construction (+8.8 percent); manufacturing (+6.2 percent); leisure and hospitality (+4.8 percent); financial activities (+4.6 percent); trade, transportation, and utilities (+3.7 percent); and professional and business services (+3.5 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 (+12,000 jobs); trade, transportation, and utilities (+8,200 jobs); professional and business services (+7,100 jobs); mining, logging, and construction (+5,800 jobs); financial activities (+3,400 jobs); education and health services (+2,900 jobs); manufacturing (+2,600 jobs); other services (+1,300 jobs); and government (+100 jobs).
• The information (‐600 jobs) industry lost jobs over the year.
• In March 2017 nonagricultural employment in The Villages MSA was 28,300, an increase of 900 jobs (+3.3 percent) over the year.

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