Employment and Economy in Central Florida’s Orlando Area
Orlando, FL, is a vibrant city with a diverse economy employing around 169,000 people. The city experienced a 1.62% growth in employment from 2021 to 2022, increasing from 166,000 to 169,000 employees.
Major Industries and Employment Sectors
The largest industries in Orlando are:
- Health Care & Social Assistance: Employs 21,264 people.
- Retail Trade: Employs 19,420 people.
- Accommodation & Food Services: Employs 18,023 people.
These industries form the backbone of Orlando’s economy, providing a significant portion of the employment opportunities in the area.
High-Paying Industries
The highest paying industries in Orlando are:
- Management of Companies & Enterprises: Average annual salary of $78,900.
- Professional, Scientific, & Technical Services: Average annual salary of $69,587.
- Finance & Insurance: Average annual salary of $68,996.
Occupational Breakdown
The most common job groups in Orlando by number of people are:
- Sales & Related Occupations: 21,287 people.
- Management Occupations: 20,219 people.
- Office & Administrative Support Occupations: 17,964 people.
This occupational diversity highlights the range of skills and job opportunities available in the city.
Income and Inequality
In Florida, the average income for males is 1.34 times higher than that for females, with females earning an average income of $56,054. The income inequality in Florida, measured by the Gini index, is 0.474, which is lower than the national average, indicating a relatively more equitable income distribution compared to the rest of the country.
Median Earnings by Industry and Gender
- Men: The best-paying industries for men in 2022 include Agriculture, Forestry, Fishing & Hunting, & Mining ($71,488), Manufacturing ($70,298), and Finance & Insurance, & Real Estate & Rental & Leasing ($64,241).
- Women: The best-paying industries for women in 2022 include Public Administration ($50,969), Finance & Insurance, & Real Estate & Rental & Leasing ($50,486), and Information ($46,538).
Unemployment and Workforce Trends
The employment in Florida as a whole saw a 4.23% increase from February 2022 to February 2023, with a total of 9.69 million people employed in the state. This growth reflects the resilience and recovery of the state’s economy post-COVID-19.
In summary, Orlando, FL, is characterized by a growing and diverse economy with significant employment in health care, retail, and accommodation services. The city offers competitive salaries in management, technical services, and finance sectors, with ongoing efforts to address income inequality.
