Central Florida’s Unemployment Rate At 2.5%From CareerSource of Central Florida The unemployment rate in the CareerSource Central Florida (CSCF) region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 2.5% in December 2019, which was equal to the state’s rate of 2.5%. This rate was 0.5 percentage points lower than the region’s rate of 3.0% during the same timeframe last year. The labor force was 1,418,688 up 38,909 (+2.8) over the year. There were 35,247 unemployed residents in the region.Unemployment Rates Central Florida’s Lowest Unemployment Rates: Orange County and Seminole County had the lowest unemployment rate (2.4%) in the CSCF region followed by Lake County (2.7%), Osceola County (2.7%), and Sumter County (4.0%).
Job Growth Trends Orlando-Kissimmee-Sanford MSA: Nonagricultural was 1,372,800, an increase of 43,300 Jobs (+3.3%) Over the Year. Highest Annual Job Growth* Leisure and Hospitality (+12,500 Jobs) Professional and Business Services (+12,300 Jobs) Mining, Logging, and Construction (+6,000 Jobs) Education and Health Services (+4,700 Jobs) Manufacturing (+3,000 Jobs) Government (+2,500 Jobs) Trade, Transportation, and utilities (+1,100 Jobs) Fastest Annual Job Growth Rate* Manufacturing (+6.4%) Second Highest Annual Job Growth* Mining, Lodging, and Construction (+6,000 jobs) Government (+2,500 jobs) The Villages MSA: Nonagricultural Employment was 31,200, an increase of 700 Jobs (+2.3%) Over the Year. Trends in High Growth Industries (HGIs): The Following HGIs Grew Faster in the CSCF Region than Statewide Over the Year: Mining, Logging, and Construction (+7.1%) Manufacturing (+6.4) Professional and Business services (+5.0%) Leisure and Hospitality (4.7%) Government (+1.9%) The information industry was unchanged over the year.
Additional Information Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research. |
Comments
No comments on this item Please log in to comment by clicking here