Central Florida’s Unemployment Rate At 5.0% for August 2021, Equals the State’s Rate

Central Florida’s Unemployment Rate At 5.0% for August 2021, Equals the State’s Rate

Orlando, Fla.,– The unemployment rate in the CareerSource Central Florida (CSCF) region (Lake, Orange, Osceola, Seminole, and Sumter counties) was 5.0% in August 2021, which equals the state rate. This rate was 5.6 percentage points lower than the region’s rate of 10.6% during the same timeframe last year. The labor force was 1,382,268 up 65,936 (+5.0) over the year. There were 69,777 unemployed residents in the region.

Unemployment Rates

Central Florida’s Lowest Unemployment Rates:

• Seminole County had the lowest unemployment rate (4.3%) in the CSCF region followed by Lake County (5.0%), Orange County (5.0%), Osceola County (6.0%), and Sumter County (6.4%).

Job Growth Trends

Orlando-Kissimmee-Sanford MSA:

• Nonagricultural employment was 1,236,400, an increase of 74,000 Jobs
  (+6.4%) over the year.
• Fastest Annual Job Growth*
  • Financial Activities (+5.8%)
  • Education and Health Services (+5.5%)
  • Trade, Transportation, and Utilities (+4.5%)
  • Mining, logging, and Construction (+4.3%)
  • Government (+2.7%)
• Highest Annual Job Growth*
  • Education and Health Services (+8,500 Jobs)
  • Government (+3,400 Jobs)
• Second Highest Annual Job Growth*
  • Leisure and Hospitality (+28,100 Jobs)
  • Trade and Transportation, and Utilities (+10,000 Jobs)
  • Financial Activities (+4,400 Jobs)
  • Information (+1,000 Jobs)
• Third Highest Annual Growth
  • Professional and Business Services (+7,600 Jobs)
  • Mining, Logging, and Construction (+3,500 Jobs)

The Villages MSA:

• Nonagricultural employment in The Villages MSA was 31,500, an increase of 400 jobs (+1.3 percent) over the year.

Trends in High Growth Industries (HGIs)

The Following HGIs Grew Faster in the CSCF Region than Statewide Over the Year:

• Leisure and Hospitality (+28,100 Jobs)
• Trade, Transportation, and Utilities (+10,000 Jobs)
• Education and Health Services (+8,500 Jobs)
• Professional and Business Services (+7,600 Jobs)
• Financial Activities (+4,400 Jobs)
• Mining, Logging, and Construction (+3,500 Jobs)
• Government (+3,400 Jobs)
• Information (+1,000 Jobs)
• Manufacturing (+300 Jobs)

Additional Information