Overall unemployment rate moved up to 2.6% with the biggest shift in Transportation & Utilities, which lost 4,900 roles, based on the most recently available information published in March 2023.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 27,922 jobs in January and the unemployment rate increased compared to the prior month by 30 bps to 2.6%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 126 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 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 5.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.1%. Key sectors include:
- Restaurants & Hotels: 279,700; +1,600
- Business Services: 275,100; -1,900
- Transportation & Utilities: 267,000; -4,900
- Education & Healthcare: 176,300; -4,100
- Government: 127,700; -200
- Financial Services: 88,500; -1,600
- Construction, Mining: 84,900; -1,900
- Manufacturing: 52,200; -700
- Other Jobs: 43,300; -700
- IT & Development: 26,600; -900
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.