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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