Central Florida’s Unemployment Rate At 22.4% for May 2020, 7.9 Percentage Point Higher than the State

Central Florida’s Unemployment Rate At 22.4% for May 2020, 7.9 Percentage Point Higher than the State

Orlando, Fla.,– The unemployment rate in the CareerSource Central Florida (CSCF) region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 22.4% in May 2020, which was higher than the state’s rate of 14.5%. This rate was 19.5 percentage point higher than the region’s rate of 2.9% during the same timeframe last year. The labor force was 1,359,481 down 28,446 (-2.0) over the year. There were 304,757 unemployed residents in the region.

Unemployment Rates

Central Florida’s Lowest Unemployment Rates:

• Sumter County had the lowest unemployment rate (12.9%) in the CSCF region followed by Seminole County (14.5%), Lake County (20.6%), Orange County (23.2%), and Osceola County (31.1%).

Job Growth Trends

Orlando-Kissimmee-Sanford MSA:

• Nonagricultural employment was 1,109,700, a decrease of 217,000 Jobs (-16.4%) Over the Year.
• Second Highest Annual Job Growth*
  • Mining, Logging, and Construction (+1,100 Jobs)
• Industries losing jobs over the year were
  • Leisure and Hospitality (-163,300 Jobs)
  • Professional Businesses and Services (-18,500 Jobs)
  • Trade, Transportation, and Utilities (-13,600 Jobs)
  • Education and Health Services (-10,900 Jobs)
  • Government (-2,700 Jobs)
  • Financial Activities (-2,300 Jobs)
  • Information (-1,300 Jobs)
  • Manufacturing (-1,200 Jobs)

The Villages MSA:

• Nonagricultural employment was 31,500, a decrease of 500 Jobs (-1.6%) Over the Year

Additional Information