CENTRAL FLORIDA’S UNEMPLOYMENT RATE AT 2.7% FOR OCTOBER 2019, 0.3 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 2.7% in October 2019, which was 0.2 percentage points lower than the state rate of 2.9%. —0.3 percentage point lower than the rate of 3.0% during the same timeframe last year. The labor force was 1,428,380, up 41,879 (+3.0) over the year. There were 39,023 unemployed residents in the region.
Unemployment Rates
Central Florida’s Lowest Unemployment Rates:
- Orange County and Seminole County had the lowest unemployment rate (2.6%) in the CSCF region followed by Lake County (2.9%), Osceola County (3.0%), and Sumter County (4.0%).
| Unemployment Rates
(not seasonally adjusted) |
Oct-19 |
Sep-19 |
Oct-18 |
|
| CareerSource Central | Florida | 2.7% | 2.8% | 3.0% |
| Lake County | 2.9% | 2.9% | 3.2% | |
| Orange County | 2.6% | 2.7% | 2.9% | |
| Osceola County | 3.0% | 3.1% | 3.3% | |
| Seminole County | 2.6% | 2.7% | 2.9% | |
| Sumter County | 4.0% | 4.1% | 4.6% | |
| Florida | 2.9% | 3.0% | 3.3% | |
| United States | 3.3% | 3.3% | 3.5% | |
Job Growth Trends
Orlando-Kissimmee-Sanford MSA:
- Nonagricultural was 1,356,800, an increase of 44,900 Jobs (+3.4%) Over the Year.
- Highest Annual Job Growth*
- Professional and Business Services (+18,300 Jobs)
- Leisure and Hospitality (+9,800 Jobs)
- Mining, Logging, and Construction (+5,100 Jobs)
- Government (+4,000 Jobs)
- Manufacturing (+3,400 Jobs)
- Education and Health Services (+3,300 Jobs)
- Financial Activities (+1,100 Jobs)
- Fastest Annual Job Growth Rate*
- Manufacturing (+7.2%)
- Second Highest Annual Job Growth*
- Mining, Logging, and Construction (+5,100 jobs)
- Third Fastest Annual Job Growth Rate*
- Professional and Business Services (+7.7%)
The Villages MSA:
- Nonagricultural Employment was 30,700, an Increase of 800 Jobs (+2.7%) 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 (+7.7%)
- Manufacturing (+7.2%)
- Mining, Logging, and Construction (+3.7%)
- Government (+3.1%)
- The Trade, Transportation, and Utilities Industry (-100 jobs) Lost Jobs Over the Year.
|
Nonagricultural Employment by Industry (not seasonally adjusted) |
Orlando-Kissimmee-Sanford
Metropolitan Statistical Area
Oct-19 Oct-18 change |
percent change |
Oct-19 |
Florida
Oct-18 change |
percent change |
||||
| Total Employment | 1,356,800 | 1,311,900 | 44,900 | 3.4 | 9,088,300 | 8,855,300 | 233,000 | 2.6 | |
| Mining, Logging, and Construction | 90,100 | 85,000 | 5,100 | 6.0 | 582,500 | 557,500 | 25,000 | 4.5 | |
| Manufacturing | 50,400 | 47,000 | 3,400 | 7.2 | 382,500 | 375,000 | 7,500 | 2.0 | |
| Trade, Transportation, and Utilities | 240,900 | 241,000 | -100 | 0.0 | 1,806,100 | 1,783,300 | 22,800 | 1.3 | |
| Wholesale Trade | 46,500 | 45,800 | 700 | 1.5 | 352,900 | 347,500 | 5,400 | 1.6 | |
| Retail Trade | 150,900 | 152,100 | -1,200 | -0.8 | 1,138,900 | 1,129,000 | 9,900 | 0.9 | |
| Transportation, Warehousing, and | Utilities | 43,500 | 43,100 | 400 | 0.9 | 314,300 | 306,800 | 7,500 | 2.4 |
| Information | 25,200 | 25,200 | 0 | 0.0 | 137,000 | 140,200 | -3,200 | -2.3 | |
| Financial Activities | 76,900 | 75,800 | 1,100 | 1.5 | 598,000 | 582,100 | 15,900 | 2.7 | |
| Professional and Business Services | 255,200 | 236,900 | 18,300 | 7.7 | 1,430,600 | 1,389,400 | 41,200 | 3.0 | |
| Education and Health Services | 162,200 | 158,900 | 3,300 | 2.1 | 1,386,300 | 1,325,500 | 60,800 | 4.6 | |
| Leisure and Hospitality | 277,400 | 267,600 | 9,800 | 3.7 | 1,257,800 | 1,215,400 | 42,400 | 3.5 | |
| Other Services | 44,400 | 44,400 | 0 | 0.0 | 362,400 | 355,800 | 6,600 | 1.9 | |
| Government | 134,100 | 130,100 | 4,000 | 3.1 | 1,145,100 | 1,131,100 | 14,000 | 1.2 | |
Additional Information
|
Population |
2018 |
2017 |
change |
percent
change |
|
| CareerSource Central | Florida | 2,701,716 | 2,637,850 | 63,866 | 2.4 |
| Lake County | 356,495 | 345,087 | 11,408 | 3.3 | |
| Orange County | 1,380,645 | 1,352,933 | 27,712 | 2.0 | |
| Osceola County | 367,990 | 352,661 | 15,329 | 4.3 | |
| Seminole County | 467,832 | 462,236 | 5,596 | 1.2 | |
| Sumter County | 128,754 | 124,933 | 3,821 | 3.1 | |
| Florida | 21,299,325 | 20,976,812 | 322,513 | 1.5 |
|
Average Annual Wage |
2018 |
2017 |
change |
percent
change |
|
| CareerSource Central | Florida | $47,717 | $46,018 | $1,699 | 3.7 |
| Lake County | $38,237 | $36,595 | $1,642 | 4.5 | |
| Orange County | $49,942 | $48,198 | $1,744 | 3.6 | |
| Osceola County | $37,723 | $36,852 | $871 | 2.4 | |
| Seminole County | $48,722 | $46,698 | $2,024 | 4.3 | |
| Sumter County | $41,041 | $39,789 | $1,252 | 3.1 | |
| Florida | $50,090 | $48,460 | $1,630 | 3.4 |
