Overall unemployment rate moved down to 5.4% with the biggest shift in Restaurants & Hotels, which gained 4,700 roles, based on the most recently available information published in June 2021.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 21,299 jobs in May and the unemployment rate decreased compared to the prior month by 20 bps to 5.4%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 10 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,720 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 1.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 228,800; +2,500
- Business Services: 216,300; +3,400
- Restaurants & Hotels: 189,600; +4,700
- Education & Healthcare: 164,000; +2,000
- Government: 125,600; -1,300
- Construction, Mining: 85,900; -100
- Financial Services: 77,400; +600
- Manufacturing: 47,400; +100
- Other Jobs: 41,300; +600
- IT & Development: 24,600; +100
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.