Overall unemployment rate stayed flat at 2.6% with the biggest shift in Restaurants & Hotels, which gained 6,900 roles, based on the most recently available information published in April 2023.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 12,539 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 129 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 3.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Restaurants & Hotels: 285,800; +6,900
- Business Services: 273,200; -400
- Transportation & Utilities: 267,300; +1,000
- Education & Healthcare: 179,600; +3,100
- Government: 128,900; +1,200
- Financial Services: 89,400; +600
- Construction, Mining: 85,700; +800
- Manufacturing: 52,500; +500
- Other Jobs: 44,400; +800
- IT & Development: 26,700; -100
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.