Overall unemployment rate moved down to 2.3% with the biggest shift in Education & Healthcare, which gained 2,700 roles, based on the most recently available information published in June 2023.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 6,045 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 2.3%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 80 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 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 1.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Restaurants & Hotels: 288,300; +500
- Business Services: 272,600; +900
- Transportation & Utilities: 265,400; -1,100
- Education & Healthcare: 182,500; +2,700
- Government: 129,700; +400
- Financial Services: 90,400; +100
- Construction, Mining: 85,200; -700
- Manufacturing: 52,400; +100
- Other Jobs: 44,500; -200
- IT & Development: 26,400; -300
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.