Overall unemployment rate moved down to 2.6% with the biggest shift in Business Services, which gained 2,300 roles, based on the most recently available information published in June 2022.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 8,295 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 2.6%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 74 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 8.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 259,900; -300
- Restaurants & Hotels: 256,200; +1,800
- Business Services: 251,100; +2,300
- Education & Healthcare: 168,100; +2,300
- Government: 127,200; +300
- Financial Services: 87,000; +400
- Construction, Mining: 78,900; -1,300
- Manufacturing: 51,600; no change
- Other Jobs: 42,900; +1,200
- IT & Development: 26,000; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.