Florida Jobs Update

Jesse Panuccio, DEO Executive Director

Florida Cabinet

May 8, 2013

Florida Unemployment Rate January 1990 – March 2013, Seasonally Adjusted

2

Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released April 19, 2013.

0

2

4

6

8

10

12

Recession Florida

Private-Sector Jobs Created December 2010 – March 2013, Seasonally Adjusted

3

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released April 19, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

14,700

12,400

19,400

44,700

44,900

39,000

67,900

73,100

95,700

100,600

113,700

118,500

144,400

155,000

172,000

202,200

199,900

205,600

219,400

228,300

241,200

249,700

258,200

267,500

286,500

289,300

321,700

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

Private Sector Jobs

Private Sector Jobs

321,700

Private Sector Jobs Created

Labor Force Conditions in the Orlando Metro Area March 2013, Not Seasonally Adjusted

Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released April 19, 2013.

The unemployment rate in the Orlando metro area is below the state and nation

The current Orlando metro area unemployment rate of 6.6 percent is down from the high rate reported in January 2010 (11.9 percent)

4

Area Labor Force Employment Unemployment

Unemployment

Rate

Year Ago

Unemployment Rate

Orlando-Kissimmee-Sanford MSA 1,139,762 1,064,262 75,500 6.6 8.7

Lake County 128,777 119,717 9,060 7.0 9.3

Orange County 632,153 590,562 41,591 6.6 8.6

Osceola County 139,186 129,259 9,927 7.1 9.4

Seminole County 239,647 224,725 14,922 6.2 8.0

Florida 9,353,000 8,698,000 655,000 7.0 8.7

United States 154,512,000 142,698,000 11,815,000 7.6 8.4

Orlando Metro Area and Florida Unemployment Rates January 1990 – March 2013, Not Seasonally Adjusted

5

Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released April 19, 2013.

0

2

4

6

8

10

12

Recession Florida Orlando-Kissimmee-Sanford MSA

Orlando Metro Area Nonagricultural Employment Not Seasonally Adjusted

The Orlando metro area annual job growth rate has been positive for the past 34 months, after losing jobs for over two years

The Orlando metro area has had an increase of 13,700 jobs in the last year alone (March 2012 to March 2013)

6

Orlando-Kissimmee-Sanford MSA Nonagricultural Employment January 1990 – March 2013, Not Seasonally Adjusted

7

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released April 19, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

550000

650000

750000

850000

950000

1050000

1150000

Recession Orlando-Kissimmee-Sanford MSA

Florida Metro Areas Gaining Jobs Over the Year March 2012 – March 2013, Not Seasonally Adjusted

8

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released April 19, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

35,900

16,700

14,500

13,700

10,500

9,300

3,300

3,000

2,900

2,800

2,600

2,500

2,200

2,200

2,100

2,100

1,600

1,200

700

0 10,000 20,000 30,000 40,000

Tampa-St. Petersburg-Clearwater MSA

Jacksonville MSA

Ft. Lauderdale-Pompano Beach-Deerfield Beach MD

Orlando-Kissimmee-Sanford MSA

Miami-Miami Beach-Kendall MD

West Palm Beach-Boca Raton-Boynton Beach MD

Deltona-Daytona Beach-Ormond Beach MSA

Ocala MSA

North Port-Bradenton-Sarasota MSA

Pensacola-Ferry Pass-Brent MSA

Palm Bay-Melbourne-Titusville MSA

Gainesville MSA

Port St. Lucie MSA

Crestview-Ft. Walton Beach-Destin MSA

Cape Coral-Ft. Myers MSA

Lakeland-Winter Haven MSA

Tallahassee MSA

Naples-Marco Island MSA

Sebastian-Vero Beach MSA

Orlando Metro Area Industries Expanding Over the Year March 2012 – March 2013, Not Seasonally Adjusted

9

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released April 19, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

8,500

5,500

2,900

1,600

300

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000

Leisure and Hospitality

Education and Health Services

Trade, Transportation, and Utilities

Financial Activities

Other Services

Nonagricultural Employment by Industry March 2013 (Not Seasonally Adjusted)

10

Note: Mining and Logging too small to display Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released April 19, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Construction 4.1% Manufacturing

3.6%

Trade, Transportation, and Utilities

18.9%

Information 2.2%

Financial Activities 6.5%

Professional and Business Services

16.0%

Education and Health Services 12.5%

Leisure and Hospitality 20.8%

Other Services 4.2%

Government 11.3%

Construction 4.5%

Manufacturing 4.2%

Trade, Transportation, and Utilities

20.8%

Information 1.8%

Financial Activities 6.6%

Professional and Business Services

14.4%

Education and Health Services 15.0%

Leisure and Hospitality 14.0%

Other Services 4.2%

Government 14.5%

Orlando-Kissimmee-Sanford MSA Florida

Help-Wanted OnLine for Region 12 (Orlando) Occupations In Demand

Source: The Conference Board, Help Wanted Online, prepared by the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

11

Top Advertised Occupations, Workforce Central Florida -

March 2013Online Ads

March 2013

Online Ads

March 2012

Total Ads 33,364 34,460

Registered Nurses 1223 1126

First-Line Supervisors of Food Preparation and Serving Workers 927 757

Retail Salespersons 920 1006

Customer Service Representatives 819 829

First-Line Supervisors of Retail Sales Workers 790 746

First-Line Supervisors of Office and Administrative Support Workers 655 572

Sales Reps, Wholesale and Mfg, Except Technical and Scientific Products 602 614

Maids and Housekeeping Cleaners 535 521

Web Developers 461 634

Computer User Support Specialists 456 350

Telemarketers 435 857

Heavy and Tractor-Trailer Truck Drivers 411 430

Cooks, Restaurant 407 342

Software Developers, Applications 398 386

Maintenance and Repair Workers, General 382 374

Help-Wanted OnLine Employers With the Most Online Ads for Region 12 (Orlando) March 2013

Source: The Conference Board, Help Wanted Online, prepared by the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

12

Success Story Orlando Metro Area: An Industry Hub for Pharmaceuticals

213 new jobs

$18.1 million in capital investment

DEO: Addressing employment needs of Florida

service members and veterans

Paychecks for Patriots (P4P)