CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 2.9 PERCENT FOR MAY 2019

CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 2.9 PERCENT FOR MAY 2019

by | Jun 24, 2019

FOR IMMEDIATE RELEASE

Jun 24, 2019

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

CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 2.9 PERCENT FOR MAY 2019

Orlando, Fla. – The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 2.9 percent in May 2019. This rate was 0.2 percentage point lower than the region’s year ago rate of 3.1 percent. The region’s May 2019 unemployment rate was 0.2 percentage point lower than the state rate of 3.1 percent. The labor force was 1,391,142, up 24,763 (+1.8) over the year. There were 40,028 unemployed residents in the region.

 

  • Orange County and Seminole County had the lowest unemployment rate (2.8 percent) in the CareerSource Central Florida region followed by Lake County (3.0 percent), Osceola County (3.1 percent), and Sumter County (4.6 percent).
  • In May 2019 nonagricultural employment in the Orlando-Kissimmee-Sanford MSA was 1,330,900, an increase of 40,600 jobs (+3.1 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 (+14,700 jobs); leisure and hospitality (+11,600 jobs); manufacturing (+3,200 jobs); and government (+1,900 jobs) in May 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 May 2019.
  • The Orlando-Kissimmee-Sanford MSA had the second highest annual job growth compared to all the metro areas in information (+100 jobs) in May 2019.
  • The Orlando-Kissimmee-Sanford MSA had the third fastest annual job growth rate compared to all the metro areas in the state in manufacturing (+6.9 percent) and professional and business services (+6.4 percent) in May 2019.
  • The Orlando-Kissimmee-Sanford MSA had the third highest annual job growth compared to all the metro areas in the state in mining, logging, and construction (+3,000 jobs) and financial activities (+1,200 jobs) in May 2019.
  • The manufacturing (+6.9 percent); professional and business services (+6.4 percent); leisure and hospitality (+4.4 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 (+14,700 jobs); leisure and hospitality (+11,600 jobs); education and health services (+3,400 jobs); manufacturing (+3,200 jobs); mining, logging, and construction (+3,000 jobs); government (+1,900 jobs); financial activities (+1,200 jobs); trade, transportation, and utilities (+900 jobs); other services (+600 jobs); and information (+100 jobs).
  • In May 2019 nonagricultural employment in The Villages MSA was 30,700, an increase of 900 jobs (+3.0 percent) over the year.

 

Note: All data are subject to revision. Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research.

 

 

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