Unemployment rates on the decline in Central Fla.
Soon-to-be UCF graduates and students alike may be happy to hear unemployment rates in the Central Florida region are on the decline.
In only one year, the region's jobless rate dropped .7 percent, making the unemployment rate in Orange County 6.2 percent in August 2014, according to a press release from CareerSource Central Florida.
Out of a labor force of more than one million residents, there were more than 78,000 unemployed residents in the region, the release states.
There are several factors that could come into play with the fluctuating unemployment rate, said Larry Krause from CareerSource Central Florida.
"When we talk about unemployment, it's not just people who aren't unemployed. They have to be unemployed and looking for work," Krause said.
For UCF students and graduates who wish to find work in the Orlando-Kissimmee-Sanford metro area, they should note that statewide employment has increased 2.7 percent in one year.
It is also worthy for students to be aware that the area had the second-highest online job demand in Florida in August 2014. In August, Florida created 23,000 private-sector jobs, with 273,000 online job openings.
Gov. Rick Scott announced that the Orlando-Kissimmee-Sanford Metropolitan Statistical Areas (MSA) gained 36,500 new jobs over the year in August 2014, according to a press release from the governor's press office.
This is the highest number of jobs among all metro areas in Florida compared to a year ago.
"More Florida families have the opportunity to live the American dream in the Sunshine State, and more students have a bright future in Florida as they enter the workforce," said Carter Mack from the Florida Department of Economic Opportunity.
Although there has been an increase in jobs within several areas, including leisure and hospitality, professional and business services, and education and health services, the only industry that has lost jobs over the year is financial activities, with a decrease of 700 jobs.