CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 3.3 PERCENT FOR JULY 2019 COMPARED TO 3.5 PERCENT ONE YEAR AGO

CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 3.3 PERCENT FOR JULY 2019 COMPARED TO 3.5 PERCENT ONE YEAR AGO

by | Aug 20, 2019

FOR IMMEDIATE RELEASE

Aug 20, 2019

Contact: Kristine Concepcion

407-531-1222, Ext. 2034

CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 3.3 PERCENT FOR JULY 2019 COMPARED TO 3.5 PERCENT ONE YEAR AGO

Orlando, Fla. – The unemployment rate in the CareerSource Central Florida five-county region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.3 percent in July 2019, which was a 0.2 percentage point lower than Florida’s rate of 3.5 percent. The labor force was 1,419,960, up 35,643 (+2.6) over the year with 46,263 unemployed residents across the region.

Lowest Unemployment Rate:

  • Orange County and Seminole County had the lowest unemployment rate (3.1 percent) in the five-county region followed by Lake County (3.4 percent), Osceola County (3.6 percent), and Sumter County (4.8 percent).

In July 2019, the Orlando-Kissimmee-Sanford MSA:

  • Nonagricultural employment was 1,328,400, an increase of 49,000 jobs (+3.8 percent) over the year.

Compared to all the metro areas in Florida:

  • Possessed the highest annual job growth in professional and business services (+15,200 jobs); leisure and hospitality (+10,200 jobs); mining, logging, and construction (+7,000 jobs); manufacturing (+3,300 jobs); and government (+2,100 jobs).
  • Held the fastest annual job growth rate in professional and business services (+6.6 percent).
  • Had the second highest annual job growth in education and health services (+8,000 jobs).
  • Was tied for the second highest annual job growth in information technology (+100 jobs).
  • The Orlando-Kissimmee-Sanford MSA had the third fastest annual job growth rate compared to all the metro areas in the state in information (+0.4 percent) in July 2019.
  • Was tied for the third fastest annual job growth rate in manufacturing (+7.1 percent).
  • The mining, logging, and construction (+8.5 percent); manufacturing (+7.1 percent); professional and business services (+6.6 percent); leisure and hospitality (+3.8 percent); government (+1.8 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 (+15,200 jobs); leisure and hospitality (+10,200 jobs); education and health services (+8,000 jobs); mining, logging, and construction (+7,000 jobs); manufacturing (+3,300 jobs); government (+2,100 jobs); trade, transportation, and utilities (+1,800 jobs); financial activities (+1,000 jobs); other services (+300 jobs); and information (+100 jobs).

The Villages MSA

  • Nonagricultural employment was 30,000, an increase of 1,100 jobs (+3.8 percent) over the year.

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