Overall unemployment rate moved down to 2.9% with the biggest shift in Restaurants & Hotels, which gained 3,400 roles, based on the most recently available information published in April 2022.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 11,220 jobs in March and the unemployment rate decreased compared to the prior month by 50 bps to 2.9%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 85 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 10.8% and are up 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:
- Transportation & Utilities: 260,300; -800
- Restaurants & Hotels: 253,600; +3,400
- Business Services: 247,900; +1,400
- Education & Healthcare: 165,500; +500
- Government: 126,900; +400
- Financial Services: 87,800; +1,600
- Construction, Mining: 80,300; -1,600
- Manufacturing: 51,400; -800
- Other Jobs: 41,200; -1,000
- IT & Development: 26,100; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.