Orlando 76th in June U.S. job rankings
August 11, 2011, 1:17 am
Thirty-two of the 100 biggest metropolitan areas carry jobless rates of 10 percent or higher, unfortunately Orlando is among them. This is according to the latest figures from the U.S. Bureau of Labor Statistics. American City Business Journals Inc. ranked the city of Orlando 76th out of 100 major markets in its June employment rankings. The city’s June unemployment rate was 10.4 percent.
Fifty percent of each market’s score is based on its annual private-sector growth rates during the past five years, 30 percent on its jobless rates over the past 12 months, and 20 percent on its raw changes in private-sector employment in half a decade.
The worst numbers can be found in five inland California markets: Modesto (17.2 percent), Fresno (16.8 percent), Stockton (16.7 percent), Bakersfield (15.3 percent) and Riverside-San Bernardino (14.2 percent).