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
- 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*
- 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.
Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research.