Overall unemployment rate stayed flat at 2.6% with the biggest shift in Financial Services, which gained 900 roles, based on the most recently available information published in May 2023.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 8,559 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 102 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 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 3.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Restaurants & Hotels: 286,000; -300
- Business Services: 271,600; -800
- Transportation & Utilities: 266,600; -400
- Education & Healthcare: 179,900; -100
- Government: 129,300; +400
- Financial Services: 90,300; +900
- Construction, Mining: 85,900; -400
- Manufacturing: 52,300; -200
- Other Jobs: 44,700; no change
- IT & Development: 26,600; -100
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.