Orlando Area Economic Summary

Orlando, FL, Area Economic Summary

Updated December 10, 2019

This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see regions/economic-summaries.htm.

Unemployment rates for the nation and selected areas

Unemployment rates

Average weekly wages for all industries by county

Orlando area, second quarter 2019 (U.S. = $1,095; Area = $923)

United States

3.5 3.3

Orlando area

3.0 2.7

Lake Co.

3.2 2.9

Orange Co.

2.9 2.6

Osceola Co.

3.3 3.0

Seminole Co.

2.9 2.6

0.0

2.0

4.0

Oct-18 Oct-19 Source: U.S. BLS, Local Area Unemployment Statistics.

Source: U.S. BLS, Quarterly Census of Employment and Wages.

Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector

12-month percent changes in employment 6.0

5.0

4.0

3.0

2.0

1.0

0.0 Oct-16

Orlando area Oct-17

United States

Oct-18

Oct-19

Source: U.S. BLS, Current Employment Statistics.

Orlando area employment (number Oct.

in thousands)

2019

Total nonfarm

1,356.8

Mining and logging

0.2

Cons tructi on

89.9

Ma nufa cturi ng

50.4

Trade, transportation, and utilities

240.9

I nforma ti on

25.2

Financial activities

76.9

Professional and business services

255.2

Education and health services

162.2

Leisure and hospitality

277.4

Other services

44.4

Government

134.1

Source: U.S. BLS, Current Employment Statistics.

Change from Oct. 2018 to Oct. 2019

Number Percent

44.9

3.4

0.0

0.0

5.1

6.0

3.4

7.2

-0.1

0.0

0.0

0.0

1.1

1.5

18.3

7.7

3.3

2.1

9.8

3.7

0.0

0.0

4.0

3.1

Over-the-year change in the prices paid by urban consumers for selected categories

12-month percent change in CPI-U, October 2019

3.0 2.0

1.3 1.8

1.9 2.1

1.0

0.0

-1.0

-2.0

-3.0

-4.0

South region

-5.0 -6.0

U.S. city average

-7.0

All items

Food

-4.2

-6.2 Energy

Source: U.S. BLS, Consumer Price Index.

Over-the-year changes in the selling prices received by producers for selected industries nationwide

12-month percent changes in PPI

16.0 General freight trucking

14.0

Hospitals 12.0

10.0

Amusement and theme parks

8.0

6.0

4.0

2.0

0.0

-2.0 Oct-16

Oct-17

Oct-18

Source: U.S. BLS, Producer Price Index.

Oct-19

Average annual spending and percent distribution for selected categories

Average annual expenditures, United States and

100% 80% 60%

South region, 2018

$9,905 $4,846 $6,660 $7,351

$11,185 $4,968 $7,296 $7,923

40%

$9,789

$9,761

20%

$18,116

$20,091

0% South region

United States

All other items

Healthcare

Personal insurance & pensions

Food

Transportation

Housing Source: U.S. BLS, Consumer Expenditure Survey.

Average hourly wages for selected occupations

Occupation All occupations

Orlando area

United States

$21.60 $24.98

General and operations managers

34.48 59.56

Musicians and singers

31.23 37.51

Accountants and auditors

15.32 37.89

Registered nurses

13.05 36.30

Heavy and tractor-trailer truck drivers

12.73 21.91

Retail salespersons

10.86 13.61

Source: U.S. BLS, Occupational Employment Statistics, May 2018.

Employer costs per hour worked for wages and selected employee benefits by geographic division

Private industry,

South Atlantic United

June 2019

(1)

States

Total compensation

$31.64 $34.44

Wages and salaries

22.50

24.14

Total benefits

9.14

10.30

Paid leave

2.21

2.47

Vacation

1.14

1.27

Supplemental pay

1.02

1.11

Insurance

2.36

2.76

Retirement and savings

1.18

1.31

Legally required benefits

2.38

2.66

(1) The states that compose the East South Central census division are: AL, KY, MS, and TN. Source: U.S. BLS, Employer Costs for Employee Compensation.

Over-the-year changes in wages and salaries

12-month percent changes in ECI

3.5

3.0

2.5

2.0

1.5

1.0 South Atlantic

0.5

United States

0.0

Sep-16

Sep-17

Source: U.S. BLS, Employment Cost Index.

Sep-18

Sep-19

Southeast Information Office ? BLSinfoAtlanta@ ? ? 404-893-4222

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