Overall unemployment rate moved up to 2.7% with the biggest shift in Government, which lost 2,500 roles, based on the most recently available information published in June 2022.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 3,818 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 2.7%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 68 bps below the national rate which is a positive sign.
- Unemployment in the market is 260 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 9.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Transportation & Utilities: 260,400; +700
- Restaurants & Hotels: 257,700; +1,700
- Business Services: 250,500; -800
- Education & Healthcare: 165,500; -2,400
- Government: 124,700; -2,500
- Financial Services: 85,900; -900
- Construction, Mining: 77,200; -2,100
- Manufacturing: 52,900; +900
- Other Jobs: 43,300; +500
- IT & Development: 26,500; +400
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.