Orlando, FL, Area Economic Summary
[Pages:2]Orlando, FL, Area Economic Summary
Updated January 04, 2024
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 2023 (U.S. = $1,332; Area = $1,156)
United States
3.4
3.5
Orlando area
2.6 3.0
Lake Co.
2.7 3.3
Orange Co.
2.5 2.9
Osceola Co.
3.0 3.5
Seminole Co.
2.4 2.9
0.0
2.0
4.0
Nov-22 Nov-23 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 Nov-20
Nov-21
Nov-22
Nov-23
Orlando area
United States
Source: U.S. BLS, Current Employment Statistics.
Orlando area employment (number in thousands)
Change from Nov. Nov. 2023 2022 to Nov. 2023
Number Percent
Total nonfarm
1,462.9
27.0
1.9
Mining and logging
0.2
0.0
0.0
Cons tructi on
86.4
0.9
1.1
Ma nufa cturi ng
54.2
1.2
2.3
Trade, transportation, and utilities
276.3
7.0
2.6
I nforma ti on
27.1
-0.5
-1.8
Financial activities
91.6
0.7
0.8
Professional and business services
274.7
-3.1
-1.1
Education and health services
191.1
10.6
5.9
Leisure and hospitality
288.4
9.1
3.3
Other services
43.9
0.7
1.6
Government
129.0
0.4
0.3
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, November 2023
4.0
3.4 3.1
3.0
3.2 2.9
2.0
1.0
0.0
-1.0
-2.0
-3.0
-4.0
-5.0
-6.0 -7.0
-5.6 -5.4
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 -15.0
Nov-20
Nov-21
Nov-22
General freight trucking
Hospitals
Amusement and theme parks
Source: U.S. BLS, Producer Price Index.
Nov-23
Average annual spending and percent distribution for selected categories
Average annual expenditures, United States and
South region, 2022
100% 80% 60%
$10,909 $7,422 $5,376 $8,443
$12,439 $8,742 $5,850 $9,343
40%
$11,932
$12,295
20%
$21,494
$24,298
0%
South region
United States
All other items
Personal insurance & pensions
Healthcare
Food
Transportation
Housing
Source: U.S. BLS, Consumer Expenditure Survey.
Average hourly wages for selected occupations
Occupation All occupations
Orlando area
United States
$25.89 $29.76
Accountants and auditors
39.04 41.70
Registered nurses
38.04 42.80
Construction laborers
17.79 22.29
Waiters and waitresses
16.41 15.87
Landscaping and groundskeeping workers
16.23 17.92
Maids and housekeeping cleaners
14.29 15.35
Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2022.
Employer costs per hour worked for wages and selected employee benefits by geographic division
Private industry,
South Atlantic United
September 2023
(1)
States
Total compensation
$37.94 $41.53
Wages and salaries
27.46
29.34
Total benefits
10.48
12.19
Paid leave
2.83
3.09
Vacation
1.47
1.59
Supplemental pay
1.22
1.55
Insurance
2.50
3.04
Retirement and savings
1.12
1.41
Legally required benefits
2.82
3.11
(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
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
Sep-20
Sep-21 South Atlantic
Source: U.S. BLS, Employment Cost Index.
Sep-22
Sep-23
United States
Southeast Information Office ? BLSinfoAtlanta@ ? ? 404-893-4222
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