Central Florida’s Unemployment Rate at 3.5 Percent for February 2018

Central Florida’s Unemployment Rate at 3.5 Percent for February 2018

by | Mar 23, 2018

FOR IMMEDIATE RELEASE

Mar 23, 2018

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 3.5 Percent for February 2018

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake,
Orange, Osceola, Seminole, and Sumter counties) was 3.5 percent in February 2018. This
rate was 0.6 percentage point lower than the region’s year ago rate of 4.1 percent.
The region’s February 2018 unemployment rate was 0.3 percentage point lower than the state rate
of 3.8 percent. The labor force was 1,363,611, up 50,593 (+3.9) over the year. There were 47,181
unemployed residents in the region.

• The unemployment rates for the five counties that comprise the Central Florida region were: Lake
County (3.6 percent), Orange County (3.3 percent), Osceola County (3.8 percent), Seminole County
(3.3 percent), and Sumter County (5.5 percent).

• In February 2018 nonagricultural employment in the Orlando‐Kissimmee‐Sanford MSA was 1,281,800,
an increase of 43,800 jobs (+3.5 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); mining, logging, and construction
(+6,200 jobs); trade, transportation, and utilities (+4,400 jobs); other services (+1,500 jobs);
and government (+1,400 jobs) in February 2018.

• 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 (+8,100 jobs); financial activities
(+3,400 jobs); manufacturing (+3,000 jobs) in February 2018.

• The Orlando‐Kissimmee‐Sanford MSA had the second highest annual job growth rate compared to all
the metro areas in the state in other services (+3.4 percent) in February 2018.

• The mining, logging, and construction (+8.6 percent); manufacturing (+6.9 percent); financial
activities (+4.6 percent); leisure and hospitality (+4.6 percent); professional and business
services (+3.7 percent); other services (+3.4 percent); education and health services (+2.9
percent); trade, transportation, and utilities (+1.9 percent); and government (+1.1 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 (+11,600 jobs);
professional and business services (+8,100 jobs); mining, logging, and construction (+6,200 jobs);
trade, transportation, and utilities (+4,400 jobs); education and health services (+4,400 jobs);
financial activities (+3,400 jobs); manufacturing (+3,000 jobs); other services (+1,500 jobs); and
government (+1,400 jobs).
• The information (‐200 jobs) industry lost jobs over the year.

• In February 2018 nonagricultural employment in The Villages MSA was 28,700, an increase of 300
jobs (+1.1 percent) over the year.

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