Central Florida’s Unemployment Rate at 4.0 Percent for June 2017

Central Florida’s Unemployment Rate at 4.0 Percent for June 2017

by | Jul 21, 2017

FOR IMMEDIATE RELEASE

Jul 21, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 4.0 Percent for June 2017

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Sumter, Lake, Orange, Osceola, and counties) was 4.0 percent in June 2017. This rate was 0.8 percentage point lower than the region’s year ago rate of 4.8 percent. The region’s June 2017 unemployment rate was 0.3 percentage point lower than the state rate of 4.3 percent. The labor force was 1,335,352, up 47,702 (+3.7) over the year. There were 53,320 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 (4.2 percent), Orange County (3.8 percent), Osceola County (4.5 percent), and Seminole County (3.8 percent).
• In June 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,239,300, an increase of 47,200 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 (+7.3 percent) in June 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 (+13,200 jobs); trade, transportation, and utilities (+8,900 jobs); financial activities (+5,400 jobs); and manufacturing (+2,300 jobs) in June 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 (+4,500 jobs) in June 2017.
• The financial activities (+7.3 percent); mining, logging, and construction (+6.6 percent); manufacturing (+5.4 percent); leisure and hospitality (+5.3 percent); and trade, transportation, and utilities (+4.0 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 (+13,200 jobs); trade, transportation, and utilities (+8,900 jobs); professional and business services (+8,200 jobs); financial activities (+5,400 jobs); mining, logging, and construction (+4,500 jobs); education and health services (+2,600 jobs); manufacturing (+2,300 jobs); other services (+2,000 jobs); and government (+500 jobs).
• The information (‐400 jobs) industry lost jobs over the year.
• In June 2017 nonagricultural employment in The Villages MSA was 27,900, an increase of 900 jobs (+3.3 percent) over the year.

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