Orlando Sentinel

Florida’s unemployme­nt rate holds steady at 5 percent, slightly higher than the nation’s 4.7 percent mark.

- By Paul Brinkmann Staff Writer

Despite adding a lot of new jobs in the state, Florida’s unemployme­nt rate is stuck at 5 percent, according to new data for February. The statewide jobless rate was also 5 percent in February a year earlier and a month earlier.

The Florida jobless rate for February was higher than the U.S. rate of 4.7 percent.

Economists generally believe that 5 percent and below is “normal” unemployme­nt, because of job-hopping, moving and other natural changes. But the February rate also shows the labor pool is growing in Florida.

Statewide, Florida added 62,000 people to its workforce and created 65,000 new jobs, according to state statistics released Friday.

The Orlando area again led the state in job creation, adding 48,400 new private-sector jobs during the last 12 months, according to new February data.

The unemployme­nt rate in Metro Orlando was 4.3 percent, down from 4.9 in January, and down about 0.2 percentage point from a year earlier. That follows news on Thursday that new U.S. Census data says Metro Orlando added almost 60,000 people from 2015 to 2016, a 2.5 percent growth rate. If more people are moving to an area’s workforce than the number of jobs being created, that will drive the jobless rate up even if jobs are being created.

Local county unemployme­nt rates for February were as follows:

Orange: 4.2 percent, improved from 4.7 percent in January and 4.3 percent a year ago.

Osceola: 4.8 percent, improved from 5.5 percent in January and 5.0 percent a year ago.

Seminole: 4.2 percent, improved from 4.7 percent in January and 4.3 percent a year ago.

Lake: 4.7 percent, improved from 5.3 percent in January and 4.8 percent a year ago.

The industries with the most job growth for the year in Metro Orlando were leisure and hospitalit­y with 15,100 new jobs, profession­al and business services with 8,700 new jobs and trade, transporta­tion and utilities with 8,300 new jobs.

In February, the Orlando area had the second-highest job demand of Florida’s metro areas with 33,585 openings. The area also had the secondhigh­est number for high-skill, high-wage STEM openings with 9,585.

Statewide, there were 501,000 jobless Floridians out of a labor force of 10,058,000. Among nonagricul­tural jobs, the state lost 5,000 jobs compared to January. February’s number of employed people in non-farm jobs was 8,543,000.

The industry gaining the most jobs statewide was profession­al and business services (43,300 jobs, up 3.4 percent). Other industries gaining

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