Central Florida’s Unemployment Rate at 3.4 Percent for March 2018

Central Florida’s Unemployment Rate at 3.4 Percent for March 2018

by | Apr 20, 2018

FOR IMMEDIATE RELEASE

Apr 20, 2018

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 3.4 Percent for March 2018

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.4 percent in March 2018. This rate was 0.4 percentage point lower than the region’s year ago rate of 3.8 percent. The region’s March 2018 unemployment rate was 0.4 percentage point lower than the state rate of 3.8 percent. The labor force was 1,363,429, up 39,689 (+3.0) over the year. There were 46,272 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 (3.2 percent), Osceola County (3.8 percent), Seminole County (3.2 percent), and Sumter County (5.4 percent).
• In March 2018 nonagricultural employment in the Orlando-Kissimmee-Sanford MSA was 1,286,800, an increase of 43,700 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 (+12,300 jobs); professional and business services (+8,100 jobs); trade, transportation, and utilities (+4,500 jobs); and government (+1,700 jobs) in March 2018.
• The Orlando-Kissimmee-Sanford MSA had the second highest annual job growth compared to all the metro areas in the state in education and health services (+4,700 jobs); mining, logging, and construction (+4,200 jobs); financial activities (+3,600 jobs); and manufacturing (+3,200 jobs) in March 2018.
• The Orlando-Kissimmee-Sanford MSA was tied for the second fastest annual job growth rate compared to all the metro areas in the state in education and health services (+3.1 percent) in March 2018.
• The Orlando-Kissimmee-Sanford MSA had the third highest annual job growth compared to all the metro areas in the state in other services (+1,500 jobs) in March 2018.
• The Orlando-Kissimmee-Sanford MSA had the third fastest annual job growth rate compared to all the metro areas in the state in manufacturing (+7.3 percent) in March 2018.
• The manufacturing (+7.3 percent); financial activities (+4.9 percent); leisure and hospitality (+4.8 percent); professional and business services (+3.7 percent); other services (+3.4 percent); education and health services (+3.1 percent); trade, transportation, and utilities (+1.9 percent); and government (+1.3 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); professional
and business services (+8,100 jobs); education and health services (+4,700 jobs); trade,
transportation, and utilities (+4,500 jobs); mining, logging, and construction (+4,200 jobs); financial
activities (+3,600 jobs); manufacturing (+3,200 jobs); government (+1,700 jobs); other services (+1,500
jobs)
• The information (-100 jobs) industry lost jobs over the year.
• In March 2018 nonagricultural employment in the Villages MSA was 28,700, an increase of 200 jobs
(+0.7 percent) over the year.

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