Overall unemployment rate moved down to 3.8% with the biggest shift in Transportation & Utilities, which gained 3,200 roles, based on the most recently available information published in February 2022.
Total employment in the Orlando-Kissimmee-Sanford, FL market declined by 1,282 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 3.8%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 11 bps above the national rate which is a negative sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 7.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 251,200; +3,200
- Business Services: 230,100; -200
- Restaurants & Hotels: 212,200; -900
- Education & Healthcare: 165,400; -1,800
- Government: 129,700; -1,700
- Construction, Mining: 88,300; -900
- Financial Services: 79,600; -200
- Manufacturing: 48,800; +800
- Other Jobs: 45,500; -100
- IT & Development: 25,300; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.