CENTRAL FLORIDA’S UNEMPLOYMENT RATE RISE TO 3 PERCENT FOR DECEMBER 2018

CENTRAL FLORIDA’S UNEMPLOYMENT RATE RISE TO 3 PERCENT FOR DECEMBER 2018

by | Mar 13, 2019

FOR IMMEDIATE RELEASE

Mar 13, 2019

Contact: Kristine Concepcion

407-531-1222, ext. 2034

CENTRAL FLORIDA’S UNEMPLOYMENT RATE RISE TO 3 PERCENT FOR DECEMBER 2018

Orlando, Fla. – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.7 percent in January 2019. This rate was 0.2 percentage point lower than the region’s year ago rate of 3.9 percent. The region’s January 2019 unemployment rate was 0.2 percentage point lower than the state rate of 3.9 percent. The labor force was 1,381,244, up 44,461 (+3.3) over the year. There were 50,778 unemployed residents in the region.

  • Orange and Seminole counties had the lowest unemployment rate (3.5 percent) in the CareerSource Central Florida region followed by Lake County (3.9 percent), Osceola County (4.0 percent), and Sumter County (5.6 percent).
  • In January 2019 nonagricultural employment in the Orlando-Kissimmee-Sanford MSA was 1,317,800, an increase of 49,900 jobs (+3.9 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 professional and business services (+21,700 jobs); leisure and hospitality (+10,500 jobs); mining, logging, and construction (+6,500 jobs); and manufacturing (+2,100 jobs) in January 2019.
  • The Orlando-Kissimmee-Sanford MSA had the second fastest annual job growth rate compared to all the metro areas in the state in professional and business services (+9.7 percent) in January 2019.
  • The Orlando-Kissimmee-Sanford MSA had the third highest annual job growth compared to all the metro areas in the state in trade, transportation, and utilities (+3,400 jobs); education and health services (+2,700 jobs); and financial activities (+1,700 jobs) in January 2019.
  • The Orlando-Kissimmee-Sanford MSA was tied for the third highest annual job growth compared to all the metro areas in the state in information (+300 jobs) in January 2019.
  • The professional and business services (+9.7 percent); mining, logging, and construction (+8.3 percent); manufacturing (+4.6 percent); leisure and hospitality (+4.1 percent); and government (+0.3 percent) industries grew faster in the metro area than statewide over the year.
  • The industries gaining in jobs over the year were: professional and business services (+21,700 jobs); leisure and hospitality (+10,500 jobs); mining, logging, and construction (+6,500 jobs); trade, transportation, and utilities (+3,400 jobs); education and health services (+2,700 jobs); manufacturing (+2,100 jobs); financial activities (+1,700 jobs); other services (+600 jobs); government (+400 jobs); and information (+300 jobs).
  • In January 2019 nonagricultural employment in The Villages MSA was 30,800, an increase of 800 jobs (+2.7 percent) over the year.

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