The release of preliminary January payroll employment data by the Florida Department of Economic Opportunity indicates that Orlando continues to lead the state and nation in job growth into 2017.
Orlando is adding more than 1,000 jobs per week across a broad-base of industries. The professional and business services industry, which includes legal, accounting, computer systems design, management and administrative services had the largest net gain with 13,200 new jobs, outpacing the region’s leisure and hospitality industry. Construction employment grew the fastest with 10.4 year-over-year percentage change. Only the information industry, which largely covers media-related industries, recorded a contraction in the previous 12 months.
Florida businesses created 262,200 new jobs in the 12 months ending January 2017 and 54,600 of those jobs were in Orlando. With only 11 percent of Florida’s population, the Orlando metro is adding more than 20 percent of the state’s new jobs. Not surprisingly, one out of every three leisure and hospitality jobs created in Florida was in Orlando.
In January 2017, Orlando held the number one spot as the fastest growing job market in the country with an employment base of at least one million jobs. Orlando’s year-over-year job growth of 4.6 percent outpaced competitive southern metros including Dallas, Atlanta and Austin.