Central Florida’s Unemployment Rate at 3.2 Percent

Central Florida’s Unemployment Rate at 3.2 Percent

by | Oct 20, 2017

FOR IMMEDIATE RELEASE

Oct 20, 2017

Contact: Casey Johnson

407-748-5351

Central Florida’s Unemployment Rate at 3.2 Percent

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Sumter, Lake, Orange, Osceola, and Seminole counties) was 3.2 percent in September 2017. This rate was 1.5 percentage points lower than the region’s year ago rate of 4.7 percent. The region’s September 2017 unemployment rate was 0.4 percentage point lower than the state rate of 3.6 percent. The labor
force was 1,349,605, up 44,149 (+3.4) over the year. There were 43,308 unemployed residents in
the region.

• Seminole County had the lowest unemployment rate (3.0 percent) in the CareerSource Central Florida region followed by Orange County (3.1 percent), Lake County (3.4 percent), Osceola County (3.6 percent), and Sumter County (4.7 percent).

• In September 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,239,600, an increase of 24,900 jobs (+2.0 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 (+7,800 jobs); trade, transportation, and utilities (+4,700 jobs); financial activities (+3,600 jobs); and manufacturing (+2,600 jobs) in September 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 (+3,700 jobs) in September 2017.

• The Orlando‐Kissimmee‐Sanford MSA was tied for the fastest annual job growth rate compared to all the metro areas in the state in financial activities (+4.8 percent) in September 2017.

• The manufacturing (+6.0 percent); mining, logging, and construction (+5.3 percent); financial activities (+4.8 percent); leisure and hospitality (+3.1 percent); trade, transportation, and utilities (+2.1 percent); and professional and business services (+0.7 percent) industries grew as fast or faster in the metro area than statewide over the year.

• The industries gaining in jobs over the year were: leisure and hospitality (+7,800 jobs); trade, transportation, and utilities (+4,700 jobs); mining, logging, and construction (+3,700 jobs); financial activities (+3,600 jobs); manufacturing (+2,600 jobs); professional and business services (+1,500 jobs); education and health services (+1,300 jobs); and other services (+700 jobs).

• The government (‐800 jobs) and information (‐200 jobs) industries lost jobs over the year.

• In September 2017 nonagricultural employment in the The Villages MSA was 28,200, an increase of 1,000 jobs (+3.7 percent) over the year.

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