Overall unemployment rate moved up to 3.2% with the biggest shift in Government, which lost 8,600 roles, based on the most recently available information published in August 2022.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 4,728 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 3.2%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 64 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 9.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.5%. Key sectors include:
- Transportation & Utilities: 261,500; +900
- Restaurants & Hotels: 259,400; +700
- Business Services: 251,000; +1,200
- Education & Healthcare: 163,100; -2,900
- Government: 116,100; -8,600
- Financial Services: 85,600; +100
- Construction, Mining: 77,000; -500
- Manufacturing: 53,500; +700
- Other Jobs: 44,000; +1,200
- IT & Development: 26,500; +100
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.