Central Florida’s Unemployment Rate at 3.3 Percent for December 2017

Central Florida’s Unemployment Rate at 3.3 Percent for December 2017

by | Jan 19, 2018

FOR IMMEDIATE RELEASE

Jan 19, 2018

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 3.3 Percent for December 2017

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.3 percent in December 2017. This rate was 1.1 percentage points lower than the region’s year ago rate of 4.4 percent. The region’s December 2017 unemployment rate was 0.4 percentage point lower than the state rate of 3.7 percent. The labor force was 1,328,511, up 36,757 (+2.8) over the year. There were 43,735 unemployed residents in the region.

  • The unemployment rates for the five counties that comprise the Central Florida region were: Lake County (3.5 percent), Orange County (3.1 percent), Osceola County (3.7 percent), Seminole County (3.1 percent), and Sumter County (5.0 percent).

 

  • In December 2017 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,283,300, an increase of 46,700 jobs (+3.8 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 (+6.3 percent) in December 2017.

 

  • The Orlando‐Kissimmee‐Sanford MSA had the second fastest annual job growth rate compared to all the metro areas in the state in manufacturing (+13.1 percent) in December 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 (+10,900 jobs); professional and business services (+10,800 jobs); manufacturing (+5,600 jobs); mining, logging, and construction (+5,200 jobs); and financial activities (+4,800 jobs) in December 2017.

 

  • The manufacturing (+13.1 percent); financial activities (+6.3 percent); professional and business services (+5.2 percent); leisure and hospitality (+4.3 percent); other services (+4.2 percent); and trade, transportation, and utilities (+2.1 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 (+10,900 jobs); professional and business services (+10,800 jobs); manufacturing (+5,600 jobs); mining, logging, and construction (+5,200 jobs); trade, transportation, and utilities (+5,100 jobs); financial activities (+4,800 jobs); education and health services (+1,900 jobs); other services (+1,900 jobs); government (+400 jobs); and information (+100 jobs).

 

  • In December 2017 nonagricultural employment in The Villages MSA was 29,000, an increase of 1,100 jobs (+3.9 percent) over the year.

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