THE 2019 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY
THE 2019 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY
GOAL OF SURVEY
The Central Florida Employment Outlook Survey is a trusted survey dedicated to understanding employment trends in the Orlando MSA. This year is the 11th annual release of the survey
While the unemployment rate in Central Florida is 3.2% (3/19), employers are very clear that they are having a hard time finding talent. After talking to 81 employers covering 17 sectors ? representing, in total over 211,066 employees ? hiring is taking place in every industry.
The primary goal of this survey is to get inside the walls of human resource departments to understand where the jobs exist, hiring challenges and exciting tidbits of information that can help employers and job seekers learn about recruiting trends.
TABLE OF CONTENTS
Methodology .......................................................................................................................................... 2 Key Findings ...........................................................................................................................................2 2019 Central Florida Employment Landscape .......................................................................................3
U-3 , U-6 Rates and Historical Employment by Industry ................................................................3 Orlando MSA Job Growth Chart ............................................................................................................4 Survey Breakdown .................................................................................................................................5
Overall total hiring forecast for 2019 .............................................................................................5 Current job opening status.............................................................................................................5 Hiring outlook for Q2-Q4................................................................................................................5 Are employers hiring via social media in Orlando? .........................................................................6 Top 5 hiring challenges for employers ..........................................................................................6 Employers offer advice for job seekers applying to their company ............................................7 What are employers doing with all the unqualified applications?..............................................8 Analysis ................................................................................................................................................... 9 Contact Information.............................................................................................................................10
ALL-TIME NUMBER OF PEOPLE ARE WORKING IN THE ORLANDO MSA. 2.52 MILLION (1/19)
| 43 East Pine Street Orlando Florida 32801 | 407-645-4224
THE 2019 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY
Page 2
METHODOLOGY
conducted individual phone interviews with 81 companies based in the Orlando MSA between February 11 to March 15, 2019. account managers spoke directly with key human resource professionals, internal recruiters and business owners for the information compiled in this report.
The 81 companies surveyed employ a total of 211,066 people in Central Florida. The companies represent 17 different industries, including aerospace/aviation, banking/finance, call center, construction, education, government, healthcare, hospitality, legal, insurance, manufacturing, non-profit, retail, technology, timeshare, transportation, and utilities.
We called and spoke with 81 employers representing over 211,066 Central Florida employees to
find out the inside scoop on the real trends for hiring in this region.
KEY FINDINGS
Key findings in the 2019 survey include:
- A total of 11,081 currently open within the 81 surveyed companies with another 18,555 open for the rest of 2019. - 37% of surveyed companies indicated that hiring will be better in 2019 when compared to 2018. - 98% of companies plan on hiring at least one person in 2019. - 80% of companies currently have open jobs. - Largest labor force ever (1.30 million) in the Orlando MSA. - 32% of companies surveyed will be hiring 50 or more employees in 2019. - LinkedIn hires are clearly the number one social media recruiting platform. - Top industries hiring in Central Florida are leisure and hospitality, healthcare, skill trades, technology, sales, construction, and education. - Hiring challenges in 2019 include employee retention (quit rate is historically high), competition for top talent and lack of resources for hiring.
Hire Day Orlando on June 8th featured 120 employers, 10 community partners, free resume reviews, professional headshots and career experts. Over 5,000 job seekers attended!
| 43 East Pine Street Orlando Florida 32801 | 407-645-4224
THE 2019 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY
2019 CENTRAL FLORIDA EMPLOYMENT LANDSCAPE
Page 3
MONTH & YEAR
LABOR FORCE EMPLOYMENT
JANUARY 2019
1,349,719
1,300,688
DECEMBER 2017
1,298,500
1,256,300
DECEMBER 2016
1,280,106
1,217,862
DECEMBER 2015
1,230,194
1,176,170
DECEMBER 2014
1,207,777
1,145,575
DECEMBER 2013
1,160,520
1,093,505
DECEMBER 2012
1,156,753
1,067,743
DECEMBER 2011
1,128,950
1,017,511
DECEMBER 2010
1,116,201
994,180
DECEMBER 2009
1,098,315
972,909
DECEMBER 2008
1,118,564
1,029,044
DECEMBER 2007
1,115,486
1,067,595
Source: Local Area Unemployment Statistics (LAUS) Bureau of Labor Statistics (BLS)
UNEMPLOYMENT
49,031 42,200 62,244 54,024 62,202 67,015 89,010 111,439 122,021 125,406 89,520 47,891
UNEMPLOYMENT RATE 3.6% 3.3% 4.9% 4.4% 5.2% 5.8% 7.7% 9.9% 10.9% 11.4% 8.0% 4.3%
The U-3, U-6 Unemployment Rate In Florida
The "U-6" unemployment rate includes those people who have been looking for full-time work but settled for part-time job during the last twelve months. For Florida, the U-6 rate for 2018 was 9.5%. It was the first uptick in this rate since 2010.
U-3 unemployment is 3.2%. The U-3 is the most widely reported rate and is at an all-time low as well in Central Florida. Central Florida has jobs, and if you want to work, employment is available. We had come a long way since 2010 when the U-3 rate was over 11 percent.
The Orlando MSA has more job openings then ever before. Over 30,000 jobs need talent. Employers indicated many hiring challenges but one stands out more than any other; unqualified talent applying to open jobs. See full list on page 6. Picture is some of our volunteers for Hire Day Orlando from UCF.
| 43 East Pine Street Orlando Florida 32801 | 407-645-4224
THE 2019 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY
Page 4
HISTORICAL EMPLOYMENT BY INDUSTRY
ORLANDO MSA JOB GROWTH 2007-2019
12/31/2007 1/30/2017 1/30/2018 1/31/2019
Leisure and Hospitality Professional and Business Services
Retail Trade Education and Health Services
Total Government Financial Activities
Other Services Construction
Wholesale Trade Manufacturing
Transportation, Warehouse, Utilites Information 0
50,000 100,000 150,000 200,000 250,000 300,000
The only sector that lost jobs in 2018 were found in the retail sector. Some highlights include all-time record employment in leisure and hospitality jobs with over 272,000 people in this industry. The professional services sector added 21,000 jobs for a total of over 246,600 jobs. Construction jobs gained the most jobs and are almost back to the level it was before the great recession.
| 43 East Pine Street Orlando Florida 32801 | 407-645-4224
THE 2019 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY
SURVEY BREAKDOWN
QUESTION 1: COMPARED TO 2018, WILL YOUR OVERALL TOTAL HIRING FORECAST BE BETTER, THE SAME OR WORSE IN 2019?
February February February February
2019
2018
2017
2016
January February December
2013
2010
2009
WORSE 7%
2%
6%
9%
10%
10%
27%
SAME 56%
46%
55%
49%
51%
51%
64%
BETTER 37%
52%
39%
42%
39%
39%
9%
Page 5
QUESTION 2: DOES YOUR COMPANY HAVE ANY CURRENT JOB OPENINGS IN CENTRAL FLORIDA?
February February
2019
2018
YES 80%
88%
NO 20%
12%
February 2017 83%
17%
February 2016 89%
11%
January 2013 89%
11%
February 2010 67%
33%
December 2009 45%
55%
QUESTION 3: WHAT IS YOUR CENTRAL FLORIDA HIRING OUTLOOK FOR THE 2ND, 3RD AND 4TH QUARTERS OF 2019, BY NUMBER OF FUTURE HIRES?
Forecasted Hires in Q2, Q3 & Q4 of 2019
Feb. 2019
Feb. 2018
Feb. 2017
Feb. 2016
Feb. 2015
Jan. 2013
Feb. 2010
Sept. 2009
NO Hires 2% 1-5 Hires 16% 6-10 Hires 10% 11-20 Hires 20% 21-50 Hires 20% 51-100 Hires 14% 101-200 Hires 6% 201 or More Hires 12%
6.2% 25% 16.6% 14.5% 14.5% 8.3% 6.2% 20.83
4.4% 28.2% 8.28% 14.82% 11.85% 11.8% 8.8% 11.85%
3.47% 17.36% 7.64% 15.28% 19.44% 15.28% 10.42% 11.11%
3.3% 30.5% 8.4% 13% 9.7% 9.7% 8.4% 17.0%
2.1% 13.7% 13.7% 16.3% 21.8% 8.6% 9.6% 17.3%
9.1% 27.3% 13% 10.4% 15.6% 7.8% 9.1% 13%
41.5% 24.4% 10.4% 7.4% 11.9% 5.2% 3.7% 2.2%
This survey found more than 13,232 open positions at the 135 surveyed companies. The year 2017 doesn't look like it will be slowing down anytime soon with a robust 24,300 jobs projected to be filled just from the surveyed companies.
| 43 East Pine Street Orlando Florida 32801 | 407-645-4224
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