Orlando Area Economic Summary

Orlando, FL, Area Economic Summary

Updated June 03, 2021

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 2020 (U.S. = $1,339; Area = $1,143)

United States

14.4 5.7

Orlando area

17.7

5.6

Lake Co.

15.3 5.3

Orange Co.

18.3

5.6

Osceola Co.

22.5

6.7

Seminole Co.

13.6 4.7

0.0

10.0

20.0

30.0

Apr-20 Apr-21 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 15.0

10.0

5.0

0.0

-5.0

-10.0

-15.0

-20.0 Apr-18

Apr-19

Apr-20

Apr-21

Orlando area

United States

Source: U.S. BLS, Current Employment Statistics.

Orlando area employment (number in thousands)

Change from Apr. Apr. 2021 2020 to Apr. 2021

Number Percent

Total nonfarm

1,188.7

50.6

4.4

Mining and logging

0.2

0.0

0.0

Cons tructi on

85.8

6.4

8.1

Ma nufa cturi ng

47.3

0.5

1.1

Trade, transportation, and utilities

226.8

18.5

8.9

I nforma ti on

24.5

0.8

3.4

Financial activities

76.8

1.6

2.1

Professional and business services

212.8

6.9

3.4

Education and health services

160.6

12.0

8.1

Leisure and hospitality

186.3

-1.3

-0.7

Other services

40.7

7.2

21.5

Government

126.9

-2.0

-1.6

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, April 2021

30.0 24.9 25.1

25.0

20.0

15.0

10.0

5.0

4.4 4.2

2.1 2.4

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

14.0 12.0 10.0

8.0 6.0 4.0 2.0 0.0 -2.0 -4.0 -6.0

Apr-18

Apr-19

Apr-20

General freight trucking

Hospitals

Amusement and theme parks

Source: U.S. BLS, Producer Price Index.

Apr-21

Average annual spending and percent distribution for selected categories

Average annual expenditures, United States and

100% 80% 60%

South region, 2019

$10,015 $4,982 $6,563 $7,616

$11,088 $5,193 $7,165 $8,169

40%

$10,665

$10,742

20%

$18,781

$20,679

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

$23.33 $27.07

Accountants and auditors

35.16 39.26

Registered nurses

32.37 38.47

Construction laborers

Landscaping and groundskeeping workers

Waiters and waitresses

16.61 20.67 14.06 16.25 12.53 13.20

Maids and housekeeping cleaners

11.93 13.47

Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020.

Employer costs per hour worked for wages and selected employee benefits by geographic division

Private industry,

South Atlantic United

December 2020

(1)

States

Total compensation

$34.00 $36.23

Wages and salaries

24.53

25.48

Total benefits

9.47

10.74

Paid leave

2.54

2.69

Vacation

1.32

1.38

Supplemental pay

1.05

1.25

Insurance

2.28

2.81

Retirement and savings

1.07

1.25

Legally required benefits

2.53

2.75

(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

4.5

4.0

3.5

3.0

2.5

2.0

1.5

1.0

0.5

0.0

Mar-18

Mar-19

South Atlantic

Source: U.S. BLS, Employment Cost Index.

Mar-20

Mar-21

United States

Southeast Information Office ? BLSinfoAtlanta@ ? ? 404-893-4222

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