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From CareerSource

Central Florida’s unemployment rate at 2.9%

The unemployment rate in the CareerSource Central Florida region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 2.9 percent in May 2019. This rate was 0.2 percentage point lower than the region’s year-ago rate of 3.1 percent. The region’s May 2019 unemployment rate was 0.2 percentage point lower than the state rate of 3.1 percent. The labor force was 1,391,142, up 24,763 (+1.8) over the year. There were 40,028 unemployed residents in the region.
The unemployment rates for the five counties that comprise the Central Florida region were: Lake County (3.0 percent), Orange County (2.8 percent), Osceola County (3.1 percent), Seminole County (2.8 percent), and Sumter County (4.6 percent).
• In May 2019 non agricultural employment in the Orlando-Kissimmee-Sanford MSA was 1,330,900, an increase of 40,600 jobs (+3.1 percent) over the year.
• The Orlando-Kissimmee-Sanford MSA had the highest annual job growth compared to all the metro areas in the state in professional and business services (+14,700 jobs); leisure and hospitality (+11,600 jobs); manufacturing (+3,200 jobs); and government (+1,900 jobs) in May 2019.
• The Orlando-Kissimmee-Sanford MSA had the second fastest annual job growth rate compared to all the metro areas in the state in information (+0.4 percent) in May 2019.
• The Orlando-Kissimmee-Sanford MSA had the second highest annual job growth compared to all the metro areas in information (+100 jobs) in May 2019.
• The Orlando-Kissimmee-Sanford MSA had the third fastest annual job growth rate compared to all the metro areas in the state in manufacturing (+6.9 percent) and professional and business services (+6.4 percent) in May 2019.
• The Orlando-Kissimmee-Sanford MSA had the third highest annual job growth compared to all the metro areas in the state in mining, logging, and construction (+3,000 jobs) and financial activities (+1,200 jobs) in May 2019.
• The manufacturing (+6.9 percent); professional and business services (+6.4 percent); leisure and hospitality (+4.4 percent); government (+1.5 percent); and information (+0.4 percent) industries grew faster in the metro area than statewide over the year.
Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research.

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