Overall unemployment rate moved up to 5.4% with the biggest shift in Restaurants & Hotels, which gained 3,000 roles, based on the most recently available information published in April 2021.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 9,788 jobs in March and the unemployment rate increased compared to the prior month by 20 bps to 5.4%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 78 bps below the national rate which is a positive sign.
- Unemployment in the market is 30 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 5.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 228,900; +1,100
- Business Services: 213,000; +400
- Restaurants & Hotels: 181,100; +3,000
- Education & Healthcare: 157,700; +1,700
- Government: 126,800; +200
- Construction, Mining: 85,800; +1,600
- Financial Services: 76,200; +200
- Manufacturing: 46,800; +300
- Other Jobs: 39,900; +700
- IT & Development: 24,600; -100
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.