Orange County unemployment rate increases to 2.9% in January

Central Florida’s Unemployment Rate At 3.1%

From CareerSource Central Florida

The unemployment rate in the CareerSource Central Florida (CSCF) region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.1% in January 2020, which was higher than the state’s rate of 2.8%. This rate was 0.6 percentage points lower than the region’s rate of 3.7% during the same time frame last year. The labor force was 1,404,502 up 40,851 (+3.0) over the year. There were 42,855 unemployed residents in the region.

Unemployment Rates

Central Florida's Lowest Unemployment Rates:

Orange County and Seminole County had the lowest unemployment rate (2.9%) in the CSCF region followed by Lake County (3.3%), Osceola County (3.3%), and Sumter County (4.6%).

Job Growth Trends

Orlando-Kissimmee-Sanford MSA:

Nonagricultural was 1,340,900, an increase of 37,100 Jobs (+2.8%) Over the Year.

Highest Annual Job Growth*

Leisure and Hospitality (+9,600 Jobs)

Government (+1,900 Jobs)

Fastest Annual Job Growth Rate*

Information (+1.2%)

Second Highest Annual Job Growth*

Professional and Business Services (+7,200 Jobs)

Education and Health Services (+6,700 Jobs)

Financial Activities (+3,300 Jobs)

Mining, Lodging, and Construction (+2,900 Jobs)

Trade, Transportation, and Utilities (+2,900 Jobs)

Other Services (+1,200 Jobs)

Information (+300 Jobs)

Tied for the Second Highest Annual Job Growth*

Manufacturing (+1,400 Jobs)

Third Fastest Annual Job Growth*

Leisure and Hospitality (+3.6%)

Education and Health Services (+4.2%)

The Villages MSA:

Nonagricultural Employment was 32,500, an increase of 900 Jobs (+2.8%) Over the Year.

*Compared to All the Metro Areas in the State

Trends in High Growth Industries (HGIs)

The following HGIs Grew Faster in the CSCF Region than Statewide Over the Year:

Education and Health Services (+4.2%)

Financial Activities (+3.9%)

Leisure and Hospitality (3.6%)

Professional and Business services (+3.1%)

Manufacturing (+2.9%)

Other Services (+2.7%)

Government (+1.5%)

Information (+1.2%)

Additional Information

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

Next Release Scheduled for March 27, 2020