The Orlando area unemployment rate adjusted upwards slightly in November, reaching 3.5 percent for the month, yet continues to lead the state in job growth for the past year, according to the latest reports released Friday by the Florida Department of Economic Opportunity.
The state’s latest employment figures show the Orlando-Kissimmee-Sanford market lost 5,600 in November compared with October. Even with a slight dip in total number of people in the workforce, the region’s unemployment rate ticked up from 3.2 percent in October to 3.5 percent in November.
Nonetheless, year-over-year, compared with November the 39,000 new private sector jobs in the Orlando market were the most added in any metropolitan area of the state. That included 10,200 new jobs in the professional and business services sectors, 5,600 new jobs in financial sectors, and 5,100 new jobs in manufacturing.
“I am proud to announce that Orlando led the state with the most jobs created this past year, adding more than 39,000 new jobs for families,” Gov. Rick Scott said in a news release. We are proud to see job creators continue to grow in Central Florida and look forward to another great year of more opportunities being created so families can succeed in Florida.”
Seasonally adjusted, according to DEO reports: Florida also showed an unemployment rate of 3.8 percent in November and the state’s unemployment rate was more like 3.6 percent in November.
The department reported 14,000 new private-sector jobs created statewide in November.
The Orlando area also remained second among state metro areas in job demand with 37,783 job openings. Orlando was the second-highest metro area in demand for high-skill, high-wage STEM occupations with 11,033 openings.