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 time frame 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.
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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%).
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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%)
*Compared to All the Metro Areas in the State
The Villages MSA:
- Nonagricultural Employment in The Villages MSA 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.
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Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research.
Next Release Scheduled for December 20th, 2019.
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