Overall unemployment rate stayed flat at 3.8% with the biggest shift in Business Services, which lost 8,500 roles, based on the most recently available information published in March 2022.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 17,622 jobs in January and the unemployment rate stayed flat. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 63 bps below the national rate which is a positive sign.
- Unemployment in the market is 270 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 7.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.5%. Key sectors include:
- Transportation & Utilities: 257,100; -5,600
- Restaurants & Hotels: 245,300; -4,600
- Business Services: 241,900; -8,500
- Education & Healthcare: 164,300; +400
- Government: 125,900; +600
- Financial Services: 85,900; +200
- Construction, Mining: 83,600; -500
- Manufacturing: 49,600; -1,400
- Other Jobs: 42,000; +100
- IT & Development: 26,100; -300
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.