Overall unemployment rate moved down to 2.7% with the biggest shift in Education & Healthcare, which gained 4,400 roles, based on the most recently available information published in November 2022.
Total employment in the Orlando-Kissimmee-Sanford, FL market rose by 11,326 jobs in September and the unemployment rate decreased compared to the prior month by 20 bps to 2.7%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Orlando-Kissimmee-Sanford, FL unemployment rate is 62 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September 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 grew by 0.1% . Key sectors include:
- Restaurants & Hotels: 269,500; -1,300
- Transportation & Utilities: 260,000; -1,200
- Business Services: 253,100; -1,300
- Education & Healthcare: 169,700; +4,400
- Government: 127,800; +800
- Financial Services: 86,400; -300
- Construction, Mining: 77,100; -400
- Manufacturing: 55,000; +300
- Other Jobs: 45,100; +800
- IT & Development: 26,700; +100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.