Overall unemployment rate moved down to 2.7% with the biggest shift in Transportation & Utilities, which gained 5,000 roles, based on the most recently available information published in January 2022.
Total employment in the Orlando-Kissimmee-Sanford, FL market declined by 4,814 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 2.7%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 66 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 8.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Restaurants & Hotels: 277,200; +2,700
- Transportation & Utilities: 268,200; +5,000
- Business Services: 256,000; +2,800
- Education & Healthcare: 174,400; +1,900
- Government: 129,100; +300
- Financial Services: 87,200; +300
- Construction, Mining: 75,900; -1,300
- Manufacturing: 55,800; +400
- Other Jobs: 45,500; +800
- IT & Development: 26,700; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.