Overall unemployment rate moved down to 5.3% with the biggest shift in Restaurants & Hotels, which gained 6,900 roles, based on the most recently available information published in September 2021.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 17,059 jobs in July and the unemployment rate decreased compared to the prior month by 70 bps to 5.3%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 36 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,030 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 5.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 232,700; +1,400
- Business Services: 217,100; -100
- Restaurants & Hotels: 204,000; +6,900
- Education & Healthcare: 163,100; -800
- Government: 118,800; +1,300
- Construction, Mining: 85,100; -600
- Financial Services: 78,700; +100
- Manufacturing: 47,600; -700
- Other Jobs: 44,000; +900
- IT & Development: 24,600; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.