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Orlando Keeps Adding Jobs, Area Labor Force Rate Up

Florida Governor Ron DeSantis recently announced that the Orlando area’s labor force was up 4.2 percent (+58,402) over the year in April 2023. The Orlando metro area gained the second-highest number of private sector jobs in April 2023 among all metro areas, according to recent data.

The Orlando area added 52,800 new private sector jobs over the year, a 4.2 percent increase.

The Orlando area unemployment rate was 2.3 percent in April 2023, down 0.5 percentage point from the April 2022 rate of 2.8 percent. In April 2023, the Orlando metro area led all other metro areas in job gains over the year in leisure and hospitality. The industries gaining the most jobs over the year were leisure and hospitality, increasing by 27,700 jobs, followed by education and health services, increasing by 10,700 jobs.

In April 2023, Florida’s unemployment rate was 2.6 percent for the fourth consecutive month, which is 0.8 percentage point lower than the national rate of 3.4 percent. Florida’s statewide unemployment rate has remained lower than the national rate for 30 consecutive months since November 2020.

In April 2023, the labor force was 10,960,000, an increase of 5.8 percent since February 2020. Between April 2022 and April 2023, Florida’s total private sector employment grew by 336,200 jobs (4.1 percent), which is faster than the national private sector job growth rate of 2.7 percent during the same time period. In April 2023, with the exception of October 2022, Florida employers have added jobs for 35 months since May 2020. Florida’s over-the-year private sector job growth rate has exceeded the nation’s growth rate for 25 consecutive months since April 2021.

Florida’s labor force grew over-the-year by 2.3 percent (+248,000), faster than the national labor force growth rate of 1.7 percent. In April 2023, Florida’s labor force grew by 0.3 percent (+38,000), while the national labor force declined by less than 0.1 percent over the month. In April 2023, total private employment increased by 18,200 (+0.2 percent), growth on par with the national rate of change.

In April 2023, the professional and business services sector gained the most jobs among all major industries, adding 10,900 jobs (+0.7 percent) from the previous month, followed by education and health services with 7,100 jobs (+0.5 percent) and financial activities with the addition of 2,700 jobs (+0.4 percent).

Data from the month of April continues to indicate there are many job opportunities available for Floridians throughout the state, with more than 464,000 jobs posted online.

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