Central Florida’s Unemployment Rate At 2.9% for March 2022, 0.3 Percentage Point Lower than the State

Central Florida’s Unemployment Rate At 2.9 for March 2022, 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 2.9% in March 2022, which was lower than the state’s rate of 3.2%. This rate was 2.9 percentage point lower than the region’s rate of 5.8% during the same timeframe last year. The labor force was 1,408,496, up 83,130 (+6.3%) over the year. There were 40,765 unemployed residents in the region. 

Central Florida’s Lowest Unemployment Rates: 

• Seminole County had the lowest unemployment rate (2.4%) in the CSCF region followed by Lake County (2.8%), Orange County (2.9%), Osceola County (3.5%), and Sumter County (3.6%).

Job Growth Trends 

Orlando-Kissimmee-Sanford MSA: 

• Nonagricultural employment was 1,341,000 an increase of 106,300 Jobs
  (+8.6%) over the year.
  

• Fastest Annual Job Growth* 

• • Leisure and Hospitality (+26.1%)
    

• Second Fastest Annual Job Growth* 

• • Transportation, Warehousing, and Utilities (+13.8%) 
  • Financial Activities (+8.9%) 
  • Trade, Transportation, and Utilities (+8.6%)
    

• Third Highest Annual Job Growth* 
  • Manufacturing (+1,600 Jobs) 
    

• Highest Annual Job Growth* 

• • Leisure and Hospitality (+52,500 Jobs) 
  • Professional and Business Services (+21,000 Jobs) 
  • Information Technology (+2,000 Jobs)
    

• Second Highest Annual Job Growth* 

• • Trade, Transportation, and Utilities (+20,600 Jobs) 

• • Financial Activities (+7,200 Jobs) 

The Villages MSA: 

• Nonagricultural employment in The Villages MSA was 36,200, an increase of 1,400 jobs (+4%) over the year.
  

Trends in High Growth Industries (HGIs) 

The Following HGIs gained jobs over the year: 

• Leisure and Hospitality (+52,500 Jobs) 
• Professional and Business Services (+21,000 Jobs) 
• Trade, Transportation, and Utilities (+20,600 Jobs) 
• Financial Activities (+7,200 Jobs) 
• Education and Health Services (+2,200 Jobs) 
• Information Technology (+2,000 Jobs) 
• Manufacturing (+1,600 Jobs) 
• Government (+400 Jobs) 

 Additional Information