Central Florida’s Unemployment Rate Remains at 3.7 Percent for May 2017

Central Florida’s Unemployment Rate Remains at 3.7 Percent for May 2017

by | Jun 16, 2017

FOR IMMEDIATE RELEASE

Jun 16, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate Remains at 3.7 Percent for May 2017

Orlando, FL The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.7 percent in May 2017. This rate was 0.6 percentage point lower than the region’s year ago rate of 4.3 percent. The region’s May 2017 unemployment rate was 0.3 percentage point lower than the state rate of 4.0 percent. Out of a labor force of 1,331,501 there were 48,797 unemployed residents in the region.

• The unemployment rates for the five counties that comprise the Central Florida region were: Sumter County (5.9 percent), Lake County (3.9 percent), Orange County (3.5 percent), Osceola County (4.1 percent), and Seminole County (3.5 percent).

• In May 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,252,300, an increase of 48,000 jobs (+4.0 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 (+6.2 percent) in May 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 (+14,700 jobs); trade, transportation, and utilities (+9,300 jobs); financial activities (+4,600 jobs); and manufacturing (+1,300 jobs) in May 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 (+5,500 jobs) in May 2017.

• The mining, logging, and construction (+8.2 percent); financial activities (+6.2 percent); leisure and hospitality (+5.9 percent); professional and business services (+4.8 percent); trade, transportation, and utilities (+4.1 percent); and other services (+3.8 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 (+14,700 jobs); professional and business services (+9,700 jobs); trade, transportation, and utilities (+9,300 jobs); mining, logging, and construction (+5,500 jobs); financial activities (+4,600 jobs); other services (+1,700 jobs); education and health services (+1,600 jobs); manufacturing (+1,300 jobs); and government (+200 jobs).

• The information (‐600 jobs) industry lost jobs over the year.

• In May 2017 nonagricultural employment in The Villages MSA was 28,300, an increase of 1,100 jobs (+4.0 percent) over the year.

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