Orlando, FL, Area Economic Summary
Orlando, FL, Area Economic Summary
Updated June 30, 2022
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, fourth quarter 2021 (U.S. = $1,418; Area = $1,233)
United States
5.5 3.4
Orlando area
5.3 2.7
Lake Co.
4.8 2.6
Orange Co.
5.5 2.7
Osceola Co.
6.7 3.3
Seminole Co.
4.2 2.3
0.0
5.0
10.0
May-21 May-22 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 20.0
15.0
10.0
5.0
0.0
-5.0
-10.0
-15.0
-20.0 May-19
May-20
May-21
May-22
Orlando area
United States
Source: U.S. BLS, Current Employment Statistics.
Orlando area employment (number in thousands)
Change from May May 2022 2021 to May 2022
Number Percent
Total nonfarm
1,344.6
91.4
7.3
Mining and logging
0.2
0.0
0.0
Cons tructi on
77.0
-5.6
-6.8
Ma nufa cturi ng
52.9
3.4
6.9
Trade, transportation, and utilities
260.4
19.3
8.0
I nforma ti on
26.5
1.9
7.7
Financial activities
85.9
4.0
4.9
Professional and business services
250.5
17.7
7.6
Education and health services
165.5
2.0
1.2
Leisure and hospitality
257.7
44.9
21.1
Other services
43.3
2.7
6.7
Government
124.7
1.1
0.9
Source: U.S. BLS, Current Employment Statistics.
Over-the-year change in the prices paid by urban consumers for selected categories
12-month percent change in CPI-U, May 2022
40.0
34.1 34.6
35.0
30.0
25.0
20.0
15.0
10.0
9.2 8.6
10.1 10.1
5.0
0.0
All items
Food
Energy
South region
U.S. city average
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
35.0 30.0 25.0 20.0 15.0 10.0
5.0 0.0 -5.0 -10.0
May-19
May-20
May-21
General freight trucking
Hospitals
Amusement and theme parks
Source: U.S. BLS, Producer Price Index.
May-22
Average annual spending and percent distribution for selected categories
Average annual expenditures, United States and
100% 80% 60%
South region, 2020
$8,857 $5,098 $6,591 $6,477
$10,360
$5,177 $7,246 $7,316
40%
$9,745
$9,826
20%
$19,029
$21,409
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
$24.41 $28.01
Accountants and auditors
36.66 40.37
Registered nurses
34.99 39.78
Construction laborers
Landscaping and groundskeeping workers
Waiters and waitresses
16.55 21.22 15.20 16.94 14.21 13.95
Maids and housekeeping cleaners
13.37 14.22
Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2021.
Employer costs per hour worked for wages and selected employee benefits by geographic division
Private industry,
South Atlantic United
March 2022
(1)
States
Total compensation
$35.26 $38.61
Wages and salaries
25.50
27.19
Total benefits
9.76
11.42
Paid leave
2.63
2.88
Vacation
1.34
1.47
Supplemental pay
1.10
1.37
Insurance
2.34
2.93
Retirement and savings
1.05
1.33
Legally required benefits
2.64
2.91
(1) The states that compose the South Atlantic census division are: DE, DC, FL, GA, MD, NC, SC, VA, and WV. Source: U.S. BLS, Employer Costs for Employee Compensation.
Over-the-year changes in wages and salaries
12-month percent changes in ECI
6.0
5.0
4.0
3.0
2.0
1.0
0.0
Mar-19
Mar-20 South Atlantic
Source: U.S. BLS, Employment Cost Index.
Mar-21
Mar-22
United States
Southeast Information Office ? BLSinfoAtlanta@ ? ? 404-893-4222
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