Central Florida’s Unemployment Rate at 3.9 Percent for August 2017

Central Florida’s Unemployment Rate at 3.9 Percent for August 2017

by | Sep 15, 2017

FOR IMMEDIATE RELEASE

Sep 15, 2017

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 3.9 Percent for August 2017

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.9 percent in August 2017. This rate was 0.9 percentage point lower than the region’s year ago rate of 4.8 percent. The region’s August 2017 unemployment rate was 0.3 percentage point lower than the state rate of 4.2 percent. The labor force was 1,337,299, up 41,751 (+3.2) over the year. There were 51,780 unemployed residents in the region.

 

  • The unemployment rates for the five counties that comprise the Central Florida region were: Sumter County (6.0 percent), Lake County (4.1 percent), Orange County (3.7 percent), Osceola County (4.3 percent), and Seminole County (3.6 percent).

 

  • In August 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,250,400, an increase of 40,000 jobs (+3.3 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 (+11,600 jobs); financial activities (+3,500 jobs); and manufacturing (+2,600 jobs) in August 2017.

 

  • The Orlando‐Kissimmee‐Sanford MSA had the second highest annual job growth compared to all the metro areas in the state in professional and business services (+7,600 jobs); mining, logging, and construction (+6,100 jobs); and trade, transportation, and utilities (+6,000 jobs) in August 2017.

 

  • The Orlando‐Kissimmee‐Sanford MSA had the second fastest annual job growth rate compared to all the metro areas in the state in financial activities (+4.7 percent) in August 2017.

 

  • The mining, logging, and construction (+8.8 percent); manufacturing (+6.0 percent); financial activities (+4.7 percent); leisure and hospitality (+4.7 percent); professional and business services (+3.7 percent); and trade, transportation, and utilities (+2.6 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 (+11,600 jobs); professional and business services (+7,600 jobs); mining, logging, and construction (+6,100 jobs); trade, transportation, and utilities (+6,000 jobs); financial activities (+3,500 jobs); manufacturing (+2,600 jobs); education and health services (+2,400 jobs); and other services (+1,500 jobs).

 

  • The government (‐800 jobs) and information (‐500 jobs) industries lost jobs over the year.

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  • In August 2017 nonagricultural employment in The Villages MSA was 28,100, an increase of 1,000 jobs (+3.7 percent) over the year.

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