Central Florida’s Unemployment Rate at 3.1 Percent for April 2018

Central Florida’s Unemployment Rate at 3.1 Percent for April 2018

by | May 18, 2018

FOR IMMEDIATE RELEASE

May 18, 2018

Contact: Larry Krause

407-531-1222, Ext. 2082

Central Florida’s Unemployment Rate at 3.1 Percent for April 2018

Orlando, FL – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.1 percent in April 2018. This rate was 0.5 percentage point lower than the region’s year ago rate of 3.6 percent. The region’s April 2018 unemployment rate was 0.3 percentage point lower than the state rate of 3.4 percent. The labor force was 1,354,004, up 32,497 (+2.5) over the year. There were 42,007 unemployed residents in the region.

  • The unemployment rates for the five counties that comprise the Central Florida region were: Lake County (3.3 percent), Orange County (3.0 percent), Osceola County (3.4 percent), Seminole County (3.0 percent), and Sumter County (4.9 percent).

 

  • In April 2018 nonagricultural employment in The Villages MSA was 28,800, an increase of 400 jobs (+1.4 percent) over the year.

 

  • In April 2018 nonagricultural employment in the Orlando-Kissimmee-Sanford MSA was 1,284,700, an increase of 40,000 jobs (+3.2 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 (+10,900 jobs); professional and business services (+7,700 jobs); mining, logging, and construction (+6,000 jobs); and government (+1,200 jobs) in April 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) and manufacturing (+3,100 jobs) in April 2018.

 

  • The Orlando-Kissimmee-Sanford MSA was tied for the second highest annual job growth compared to all the metro areas in the state in trade, transportation, and utilities (+2,700 jobs) and financial activities (+2,400 jobs) in April 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 April 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 (+1,400 jobs) in April 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 (+7.1 percent) in April 2018.
  • The mining, logging, and construction (+8.3 percent); manufacturing (+7.1 percent); leisure and hospitality (+4.2 percent); professional and business services (+3.5 percent); financial activities (+3.2 percent); other services (+3.2 percent); education and health services (+3.1 percent); trade, transportation, and utilities (+1.2 percent); and government (+0.9 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 (+7,700 jobs); mining, logging, and construction (+6,000 jobs); education and health services (+4,700 jobs); manufacturing (+3,100 jobs); trade, transportation, and utilities (+2,700 jobs); financial activities (+2,400 jobs); other services (+1,400 jobs); and government (+1,200 jobs).

 

  • The information (-100 jobs) lost jobs over the year.

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