Central Florida’s Unemployment Rate At 3.1% for January 2020, 0.3 Percentage Point Higher than the State

Central Florida’s Unemployment Rate At 3.1% for January 2020, 0.3 Percentage Point Higher than the State

Orlando, Fla., March 19, 2020 – The unemployment rate in the CareerSource Central Florida (CSCF) region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 3.1% in January 2020, which was higher than the state’s rate of 2.8%. This rate was 0.6 percentage point lower than the region’s rate of 3.7% during the same time frame last year. The labor force was 1,404,502 up 40,851 (+3.0) over the year. There were 42,855 unemployed residents in the region.

Unemployment Rates

Central Florida’s Lowest Unemployment Rates:

• Orange County and Seminole County had the lowest unemployment rate (2.9%) in the CSCF region followed by Lake County (3.3%), Osceola County (3.3%), and Sumter County (4.6%).

  Job Growth Trends

  Orlando-Kissimmee-Sanford MSA:

• Nonagricultural was 1,340,900, an increase of 37,100 Jobs (+2.8%) Over the Year.
• Highest Annual Job Growth*
  • Leisure and Hospitality (+9,600 Jobs)
  • Government (+1,900 Jobs)
• Fastest Annual Job Growth Rate*
  • Information (+1.2%)
• Second Highest Annual Job Growth*
  • Professional and Business Services (+7,200 Jobs)
  • Education and Health Services (+6,700 Jobs)
  • Financial Activities (+3,300 Jobs)
  • Mining, Lodging, and Construction (+2,900 Jobs)
  • Trade, Transportation, and Utilities (+2,900 Jobs)
  • Other Services (+1,200 Jobs)
• Tied for the Second Highest Annual Job Growth*
  • Manufacturing (+1,400 Jobs)
• Third Fastest Annual Job Growth*
  • Leisure and Hospitality (+3.6%)
  • Education and Health Services (+4.2%)
• The Villages MSA:
  • Nonagricultural Employment was 32,500, an increase of 900 Jobs (+2.8%) Over the Year.

Trends in High Growth Industries (HGIs):

• The Following HGIs Grew Faster in the CSCF Region than Statewide Over the Year:
  • Education and Health Services (+4.2%)
  • Financial Activities (+3.9%)
  • Leisure and Hospitality (3.6%)
  • Professional and Business services (+3.1%)
  • Manufacturing (+2.9%)
  • Other Services (+2.7%)
  • Government (+1.5%)
  • Information (+1.2%)

*Compared to All Metro Areas in the State

Additional Information