CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 2.8% FOR SEPTEMBER 2019, 0.2 PERCENTAGE POINT LOWER THAN THE STATE

CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 2.8% FOR SEPTEMBER 2019, 0.2 PERCENTAGE POINT LOWER THAN THE STATE

by | Oct 29, 2019

FOR IMMEDIATE RELEASE

Oct 29, 2019

Contact: Kristine Concepcion

407-531-1222, Ext. 2034

CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 2.8% FOR SEPTEMBER 2019, 0.2 PERCENTAGE POINT LOWER THAN THE STATE

Orlando, Fla. – The unemployment rate in the CareerSource Central Florida (CSCF) region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 2.8% in September 2019. This rate was 0.3 percentage point lower than the region’s year ago rate of 3.1%. The region’s September 2019 unemployment rate was 0.2 percentage point lower than the state rate of 3%. The labor force was 1,430,792, up 49,483 (+3.6) over the year. There were 39,963 unemployed residents in the region.

Unemployment Rates

Central Florida’s Lowest Unemployment Rates:

  • Seminole County had the lowest unemployment rate (2.6%) in the CSCF region followed by Orange County (2.7%), Lake County (2.9%), Osceola County (3.1%), and Sumter County (4.1%).
Unemployment Rates

(not seasonally adjusted)

 

Sep-19

 

Aug-19

 

Sep-18

CareerSource Central Florida 2.8% 3.3% 3.1%
Lake County 2.9% 3.4% 3.2%
Orange County 2.7% 3.1% 2.9%
Osceola County 3.1% 3.6% 3.3%
Seminole County 2.6% 3.1% 2.9%
Sumter County 4.1% 5.2% 4.6%
Florida 3.0% 3.5% 3.3%
United States 3.3% 3.8% 3.6%

 

Job Growth Trends

 

Orlando-Kissimmee-Sanford MSA:

 

  • Nonagricultural was 1,343,700, an Increase of 48,400 Jobs (+3.7%) Over the Year.

 

  • Highest Annual Job Growth*
    • Professional and Business Services (+21,100 Jobs)
    • Leisure and Hospitality (+10,900 Jobs)
    • Mining, Logging, and Construction (+6,200 Jobs)
    • Manufacturing (+3,400 Jobs)
    • Government (+2,800 Jobs)
  • Tied for the Highest Annual Job Growth*
    • Information (+100 Jobs)
  • Fastest Annual Job Growth Rate*
    • Professional and Business Services (+9.1%)
    • Manufacturing (+7.3%)
  • Third Highest Annual Job Growth*
    • Education and Health Services (+3,200 jobs)
  • Third Fastest Annual Job Growth Rate*
    • Information (+0.4%)

 

  • Tied for the Third Fastest Annual Job Growth Rate*
    • Government (+2.2%)

 

The Villages MSA:

 

  • Nonagricultural Employment was 30,600, an Increase of 900 Jobs (+3%) Over the Year.

 

Trends in High Growth Industries (HGIs):

 

  • The Following HGIs Grew Faster in the CSCF Region than Statewide Over the Year:
    • Professional and Business services (+9.1%)
    • Mining, Logging, and Construction (+7.4%)
    • Manufacturing (+7.3%)
    • Leisure and Hospitality (+4.1%)
    • Government (+2.2%)
    • Information (+0.4%)

 

The Trade, Transportation, and Utilities Industry (-800 jobs) Lost Jobs Over the Year.

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