Labor
Number of Workers in Family
The Orlando-Daytona Beach-Melbourne, FL has an average of 1.4 workers per family. This market subsequently ranks 127th in the number of workers per family across the 167 STI Markets. It has a location quotient of 0.91 time the national average of 1.5.
Figure 31: Workers In Family
Labor Force
The Orlando-Daytona Beach-Melbourne, FL ranks 118th in labor force participation among the 167 STI Markets with 59% of those 16 plus in the labor force. Of those in the Labor force 0.27% are in the Armed Forces a value 0.35 times the national average resulting in an Armed Forces employment ranking of 84th across STI Markets.
In terms of overall employment size, the market ranks 151st with employment of 2,315,072.
Unemployment Rate of 3.6%
With an Unemployment Rate of 3.6% the Orlando-Daytona Beach-Melbourne, FL currently ranks 113th in Unemployment among the 167 STI Markets.
UER Inequality - High
The Orlando-Daytona Beach-Melbourne, FL can current be classified as having High level of variation across its Census Tracts. This classification is based on the Gini Coefficient of the market which is currently 0.401. Low (0 to .3), Moderate (.3 to .4), High (.4 to .6), Extreme (.6 to 1). The Gini Coefficient is often used to classify inequality. Across all STI Markets the Orlando-Daytona Beach-Melbourne, FL ranks 69th. The interquartile range of the markets Census Tracts, that is its 25th percentile and 75th percentile values, are 1.7% and 5.1%, respectively.
