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

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

by | Aug 18, 2017

FOR IMMEDIATE RELEASE

Aug 18, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

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

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 4.0 percent in July 2017. This rate was 0.8 percentage point lower than the region’s year ago rate of 4.8 percent. The region’s July 2017 unemployment rate was 0.3 percentage point lower than the state rate of 4.3 percent. The labor force was 1,338,391, up 41,166 (+3.2) over the year. There were 53,684 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 (4.5 percent), and Seminole County (3.8 percent).
 In July 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,236,400, an increase of 38,800 jobs (+3.2 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 mining, logging, and construction (+6,500 jobs) and manufacturing (+2,300 jobs) in July 2017.
 The Orlando‐Kissimmee‐Sanford MSA had the second highest annual job growth compared to all the metro areas in the state in trade, transportation, and utilities (+5,400 jobs) in July 2017.
 The mining, logging, and construction (+9.4 percent); financial activities (+6.6 percent); manufacturing (+5.3 percent); leisure and hospitality (+4.9 percent); and trade, transportation, and utilities (+2.4 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 (+12,300 jobs); mining, logging, and construction (+6,500 jobs); trade, transportation, and utilities (+5,400 jobs); financial activities (+4,900 jobs); professional and business services (+3,800 jobs); manufacturing (+2,300 jobs); education and health services (+2,200 jobs); and other services (+1,800 jobs).
 The information (‐400 jobs) industry lost jobs over the year.
 The government industry was unchanged over the year.
 In July 2017 nonagricultural employment in The Villages MSA was 27,600, an increase of 1,200 jobs (+4.5 percent) over the year.

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