Central Florida’s Unemployment Rate At 3.9% for January 2022, 0.4 Percentage Point Higher than the State

Central Florida’s Unemployment Rate At 3.9% for January 2022, 0.4 Percentage Point Higher than the State

Orlando, Fla.,– The unemployment rate in the CareerSource Central Florida (CSCF) region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.9% in January 2022, which was higher than the state’s rate of 3.5%. This rate was 3.2 percentage point lower than the region’s rate of 7.1% during the same timeframe last year. The labor force was 1,404,630, up 89,828 (+6.8%) over the year. There were 54,211 unemployed residents in the region.

Unemployment Rates

Central Florida’s Lowest Unemployment Rates:

• Seminole County had the lowest unemployment rate (3.2%) in the CSCF region followed by Lake County (3.7%), Orange County (3.8%), Osceola County (4.7%), and Sumter County (4.8%).

Job Growth Trends

Orlando-Kissimmee-Sanford MSA:

• Nonagricultural employment was 1,321,700, a decrease of 110,500 Jobs
  (+9.1%) over the year.
• Fastest Annual Job Growth*
  • Leisure and Hospitality (+29.2%)
• Second Highest Annual Job Growth*
  • Professional and Business Services (+20,300 Jobs)
  • Mining, Logging, and Construction (+,2,200 Jobs)
• Third Highest Annual Job Growth*
  • Education and Health Services (+2,900 Jobs)
• Third Fastest Annual Job Growth*
  • Financial Activities (+8.6 %)
  • Trade, Transportation, and Utilities (+6.9%)

The Villages MSA:

• Nonagricultural employment in The Villages MSA was 35,600 an increase of 1,600 jobs (+4.7 percent) over the year.

Trends in High Growth Industries (HGIs)

The Following HGIs Grew Faster in the CSCF Region than Statewide Over the Year:

• Leisure and Hospitality (+55.400 Jobs)
• Professional and Business Services (+20,300 Jobs)
• Trade, Transportation, and Utilities (+16,700 Jobs)
• Financial Activities (+6,800 Jobs)
• Education and Health Services (+2,900 Jobs)
• Information (+2,500 Jobs)
• Mining, logging, and Construction (+2,200 Jobs)
• Manufacturing (+600 Jobs)
• Government (+400 Jobs)

Additional Information