CENTRAL FLORIDA’S UNEMPLOYMENT RATE DROPS TO 2.7 PERCENT FOR APRIL 2019

CENTRAL FLORIDA’S UNEMPLOYMENT RATE DROPS TO 2.7 PERCENT FOR APRIL 2019

by | May 17, 2019

FOR IMMEDIATE RELEASE

May 17, 2019

Contact: Kristine Concepcion
407-531-1222, ext. 2034

CENTRAL FLORIDA’S UNEMPLOYMENT RATE DROPS TO 2.7 PERCENT FOR APRIL 2019

Orlando, Fla. – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 2.7 percent in April 2019. This rate was 0.5 percentage point lower than the region’s year ago rate of 3.2 percent. The region’s April 2019 unemployment rate was 0.2 percentage point lower than the state rate of 2.9 percent. The labor force was 1,375,530, up 21,724 (+1.6) over the year. There were 37,673 unemployed residents in the region.

 

“The outlook is extremely encouraging for both career seekers and businesses alike with the region’s unemployment rate at its lowest since the start of the year,” said CareerSource Central Florida President and CEO Pamela Nabors. “Meeting business needs and providing skills training for career seekers, especially in higher growth industries like construction and information technology, continue to benefit the Central Florida economy.”

  • Orange County and Seminole County had the lowest unemployment rate (2.6 percent) in the CareerSource Central Florida region followed by Lake County (2.9 percent), Osceola County (2.9 percent), and Sumter County (4.4 percent).
  • In April 2019 nonagricultural employment in the Orlando-Kissimmee-Sanford MSA was 1,333,800, an increase of 44,600 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 professional and business services (+15,300 jobs); leisure and hospitality (+8,700 jobs); mining, logging, and construction (+4,700 jobs); and manufacturing (+3,100 jobs) in April 2019.
  • The Orlando-Kissimmee-Sanford MSA had the second fastest annual job growth rate compared to all the metro areas in the state in information (+0.4 percent) in April 2019.
  • 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 (+5,900 jobs); government (+1,900 jobs); and information (+100 jobs) in April 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 trade, transportation, and utilities (+2,300 jobs); financial activities (+1,300 jobs); and other services (+1,300 jobs) in April 2019.
  • The manufacturing (+6.8 percent); professional and business services (+6.7 percent); mining, logging, and construction (+5.8 percent); education and health services (+3.8 percent); leisure and hospitality (+3.3 percent); other services (+2.9 percent); government (+1.5 percent); and information (+0.4 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 (+15,300 jobs); leisure and hospitality (+8,700 jobs); education and health services (+5,900 jobs); mining, logging, and construction (+4,700 jobs); manufacturing (+3,100 jobs); trade, transportation, and utilities (+2,300 jobs); government (+1,900 jobs); financial activities (+1,300 jobs); other services (+1,300 jobs); and information (+100 jobs).
  • In April 2019 nonagricultural employment in The Villages MSA was 31,000, an increase of 1,000 jobs (+3.3 percent) over the year.

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