Central Florida’s Unemployment Rate Continues Decline to 3.7 Percent for April 2017

Central Florida’s Unemployment Rate Continues Decline to 3.7 Percent for April 2017

by | May 19, 2017

FOR IMMEDIATE RELEASE

May 19, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate Continues Decline to 3.7 Percent for April 2017

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.7 percent in April 2017. This rate was 0.6 percentage point lower than the region’s year ago rate of 4.3 percent. The region’s April 2017 unemployment rate was 0.3 percentage point lower than the state rate of 4.0 percent. Out of a labor force of 1,320,391 there were 48,380 unemployed residents in the region.

• The unemployment rates for the five counties that comprise the Central Florida region were: Sumter County (5.7 percent), Lake County (3.9 percent), Orange County (3.5 percent), Osceola County (4.1 percent), and Seminole County (3.5 percent).
• In April 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,244,400, an increase of 42,700 jobs (+3.6 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 financial activities (+6.5 percent) in April 2017.
• The Orlando‐Kissimmee‐Sanford MSA had the highest annual job growth compared to all the metro areas in the state in leisure and hospitality (+13,400 jobs); trade, transportation, and utilities (+8,800 jobs); financial activities (+4,800 jobs); and manufacturing (+1,600 jobs) in April 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 (+5,700 jobs) in April 2017.
• The mining, logging, and construction (+8.5 percent); financial activities (+6.5 percent); leisure and hospitality (+5.4 percent); trade, transportation, and utilities (+3.9 percent); manufacturing (+3.8 percent); and professional and business services (+3.4 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 (+13,400 jobs); trade, transportation, and utilities (+8,800 jobs); professional and business services (+7,000 jobs); mining, logging, and construction (+5,700 jobs); financial activities (+4,800 jobs); manufacturing (+1,600 jobs); other services (+1,300 jobs); and education and health services (+600 jobs).
• The information (‐500 jobs) industry lost jobs over the year.
• The government industry was unchanged over the year.
• In April 2017 nonagricultural employment in the The Villages MSA was 28,300, an increase of 1,200 jobs (+4.4 percent) over the year.

# # #

Be Sociable, Share!