Orlando Unemployment Rate Hits Milestone For 1st Time In 13 Years

Monday, May 20, 2019 10:50 AM | Anonymous

Central Florida's unemployment rate hit a milestone in April it hadn't hit in 13 years.

The region had an unemployment rate of 2.7% last month, the first time the area's rate went below 3% since April 2006 when the rate was 2.8%, according to the Florida Department of Economic Opportunity. That rate was down 0.5 percentage points year-to-year and down from 3.1% in March.

The rate was lower than both the U.S. (3.8%) and Florida (3.5%) unemployment rates for the month. (Click through the slideshow above for a look at the top 10 cities for creating business service jobs.)

Here's the unemployment rate by county:

  • Orange and Seminole: 2.6%
  • Osceola and Lake: 2.9%
  • Sumter: 4.4%

Monroe County had the state’s lowest unemployment rate (2%), followed by St. Johns and Okaloosa counties (2.4%); and Orange, Seminole, Alachua, Collier, Lafayette, Wakulla and Walton counties (2.6%).

Metro Orlando led the state again in March with a year-over-year gain of 44,600 jobs. Metro Miami was No. 2 with 27,800 jobs gained, and Metro Tampa fell to No. 3 with 24,700 jobs added.

Twenty-two out of 24 metro areas in Florida had year-over-year job gains for February. Panama City was the only area to lose jobs year-over-year.

Meanwhile, the Orlando area had the highest annual job growth compared to all state metros in:

  • Professional and business services, up 15,300 jobs
  • Leisure and hospitality, up 8,700 jobs
  • Mining, logging, and construction, up 4,700 jobs
  • Manufacturing, up 3,100 jobs

The metro had the second-highest annual job growth compared to all Florida metro areas in:

  • Education and health services, up 5,900 jobs
  • Government, up 1,900 jobs
  • Information, up 100 jobs

Other local industries adding jobs were:

  • Trade, transportation and utilities services, up 2,300 jobs
  • Financial activities, up 1,300 jobs
  • Other services, up 1,300 jobs

Meanwhile, this local industry shed jobs in March:

  • Retail trade, down 900 jobs

Source:  OBJ

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