Osceola County, FL - CareerSource Central Florida
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Economy Overview
Osceola County, FL
CareerSource Central Florida
Emsi Q4 2019 Data Set | www.economicmodeling.com
Economy Overview
Contents
.Report
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.Economy
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Emsi Q4 2019 Data Set | www.economicmodeling.comEconomy Overview Report Parameters 1 County 12097 Osceola County, FL Class of Worker QCEW Employees, Non-QCEW Employees, and Self-Employed The informa on in this report pertains to the chosen geographical area. Emsi Q4 2019 Data Set | www.economicmodeling.com 1
Economy Overview
Economy Overview
380,018 109,119 $47.3K
Popula on (2019) Total Regional Employment Median Household Income (2017)
Popula on grew by 68,885 over
Jobs grew by 17,949 over the last Median household income is
the last 5 years and is projected to
5 years and are projected to grow $10.3K below the na onal median
grow by 50,012 over the next 5
by 12,615 over the next 5 years. household income of $57.7K.
years.
Takeaways
As of 2019 the region's popula on increased by 22.1% since 2014, growing by 68,885. Popula on is expected to increase by
13.2% between 2019 and 2024, adding 50,012.
From 2014 to 2019, jobs increased by 19.7% in Osceola County, FL from 91,170 to 109,119. This change outpaced the
na onal growth rate of 6.9% by 12.8%. As the number of jobs increased, the labor force par cipa on rate decreased from
62.5% to 60.8% between 2014 and 2019.
Concerning educa onal a ainment, 12.9% of Osceola County, FL residents possess a Bachelor's Degree (5.9% below the
na onal average), and 11.0% hold an Associate's Degree (2.9% above the na onal average).
The top three industries in 2019 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and
Traveler Accommoda on.
Labor Cost
Popula on Force Jobs of
(2019) (2019) (2019) Living GRP Imports Exports
Region 380,018 184,802 109,119 94.6 $8.47B $13.28B $6.57B
Region 12 MSAs 2,761,747 1,419,960 1,396,864 100.1 $138.53B $104.19B $109.41B
Wildwood, FL (in Sumter
20,333 N/A 8,447 98.8 $753.27M $1.26B $1.49B
county) (ZIP 34785)
Florida 21,624,814 10,470,783 9,753,437 100.9 $1.02T $691.45B $672.44B
Emsi Q4 2019 Data Set | www.economicmodeling.com 2Economy Overview
2019 Labor Force Breakdown
Popula on
A Total Working Age Popula on 303,726
A Not in Labor Force (15+) 118,924
A Labor Force 184,802
380,018 A Employed 178,198
Popula on
A Unemployed 6,604
A Under 15 76,292
Educa onal A ainment
Concerning educa onal a ainment, 12.9% of Osceola County, FL residents possess a Bachelor's Degree (5.9% below the na onal
average), and 11.0% hold an Associate's Degree (2.9% above the na onal average).
% of Popula on Popula on
A Less Than 9th Grade 6.8% 17,312
A 9th Grade to 12th Grade 8.0% 20,299
A High School Diploma 31.6% 79,800
A Some College 24.2% 61,307
A Associate's Degree 11.0% 27,771
A Bachelor's Degree 12.9% 32,566
A Graduate Degree and Higher 5.5% 13,817
Emsi Q4 2019 Data Set | www.economicmodeling.com 3Economy Overview Historic & Projected Trends Popula on Trends As of 2019 the region's popula on increased by 22.1% since 2014, growing by 68,885. Popula on is expected to increase by 13.2% between 2019 and 2024, adding 50,012. Timeframe Popula on 2014 311,133 2015 323,574 2016 337,726 2017 352,657 2018 367,988 2019 380,018 2020 391,832 2021 402,681 2022 412,628 2023 421,729 2024 430,030 Emsi Q4 2019 Data Set | www.economicmodeling.com 4
Economy Overview Job Trends From 2014 to 2019, jobs increased by 19.7% in Osceola County, FL from 91,170 to 109,119. This change outpaced the na onal growth rate of 6.9% by 12.8%. Timeframe Jobs 2014 91,170 2015 95,294 2016 99,811 2017 103,439 2018 107,567 2019 109,119 2020 112,829 2021 115,843 2022 118,286 2023 120,463 2024 121,734 Emsi Q4 2019 Data Set | www.economicmodeling.com 5
Economy Overview Labor Force Par cipa on Rate Trends Timeframe Labor Force Par cipa on Rate 2014 61.80% 2015 61.02% 2016 60.95% 2017 61.61% 2018 60.51% January - April 2019 59.20% May 2019 59.52% June 2019 60.49% July 2019 60.84% Emsi Q4 2019 Data Set | www.economicmodeling.com 6
Economy Overview Unemployment Rate Trends Osceola County, FL had a July 2019 unemployment rate of 3.57%, decreasing from 6.74% 5 years before. Timeframe Unemployment Rate 2014 6.74% 2015 5.79% 2016 4.96% 2017 4.32% 2018 3.63% January - April 2019 3.41% May 2019 3.06% June 2019 3.55% July 2019 3.57% Emsi Q4 2019 Data Set | www.economicmodeling.com 7
Economy Overview
Popula on Characteris cs
81,043 88,222 254,724
Millennials Re ring Soon Racial Diversity
Osceola County, FL has 81,043 Re rement risk is low in Osceola Racial diversity is high in Osceola
millennials (ages 25-39). The County, FL. The na onal average County, FL. The na onal average
na onal average for an area this for an area this size is 106,520 for an area this size is 145,794
size is 75,654. people 55 or older, while there are racially diverse people, while there
88,222 here. are 254,724 here.
15,343 3.62/1,000 20.9/1,000
Veterans Violent Crime Property Crime
Osceola County, FL has 15,343 Osceola County, FL has 3.62 Osceola County, FL has 20.9
veterans. The na onal average for violent crimes per 1,000 people. property crimes per 1,000 people.
an area this size is 20,542. The na onal rate is 3.87 per 1,000 The na onal rate is 22.98 per
people. 1,000 people.
Emsi Q4 2019 Data Set | www.economicmodeling.com 8Economy Overview
Place of Work vs Place of Residence
Understanding where talent in Osceola County, FL currently works compared to where talent lives can help you op mize site
decisions. For example, the #1 ranked ZIP for employment ranks #2 for resident workers. The top ZIP for resident workers is
34744.
Where Talent Works Where Talent Lives
2019 2019
ZIP Name Employment ZIP Name Workers
34741 Kissimmee, FL (in Osceola
… county) 25,621 34744 Kissimmee, FL (in Osceola
… county) 26,384
34744 Kissimmee, FL (in Osceola
… county) 22,103 34741 Kissimmee, FL (in Osceola
… county) 25,116
34747 Kissimmee, FL (in Osceola
… county) 18,657 34746 Kissimmee, FL (in Osceola
… county) 23,020
34746 Kissimmee, FL (in Osceola
… county) 17,693 34743 Kissimmee, FL (in Osceola
… county) 20,929
34769 Saint Cloud, FL (in Osceola
… county) 9,114 34758 Kissimmee, FL (in Osceola
… county) 17,070
Emsi Q4 2019 Data Set | www.economicmodeling.com 9Economy Overview
Industry Characteris cs
Largest Industries
Industry Jobs Na onal Average
Accommoda on and Food Services
Retail Trade
Government
Health Care and Social Assistance
Administra ve and Support and Waste Management and
Remedia on Services
Construc on
Other Services (except Public Administra on)
Real Estate and Rental and Leasing
Professional, Scien fic, and Technical Services
Transporta on and Warehousing
Wholesale Trade
Arts, Entertainment, and Recrea on
Educa onal Services
Manufacturing
Finance and Insurance
Informa on
Agriculture, Forestry, Fishing and Hun ng
Management of Companies and Enterprises
U li es
0 5,000 10,000 15,000
Emsi Q4 2019 Data Set | www.economicmodeling.com 10Economy Overview
Top Growing Industries
Industry Jobs Growth
Accommoda on and Food Services
Construc on
Health Care and Social Assistance
Retail Trade
Government
Administra ve and Support and Waste Management and
Remedia on Services
Other Services (except Public Administra on)
Transporta on and Warehousing
Professional, Scien fic, and Technical Services
Educa onal Services
Wholesale Trade
Manufacturing
Finance and Insurance
Agriculture, Forestry, Fishing and Hun ng
Management of Companies and Enterprises
Informa on
Real Estate and Rental and Leasing
0 1,000 2,000 3,000 4,000
Emsi Q4 2019 Data Set | www.economicmodeling.com 11Economy Overview
Top Industry LQ
Industry LQ
Accommoda on and Food Services
Real Estate and Rental and Leasing
Administra ve and Support and Waste Management and
Remedia on Services
Retail Trade
Construc on
Arts, Entertainment, and Recrea on
Health Care and Social Assistance
Other Services (except Public Administra on)
Government
Educa onal Services
Transporta on and Warehousing
Wholesale Trade
Professional, Scien fic, and Technical Services
Agriculture, Forestry, Fishing and Hun ng
Finance and Insurance
Informa on
Manufacturing
U li es
Management of Companies and Enterprises
0.00 1.00 2.00
Emsi Q4 2019 Data Set | www.economicmodeling.com 12Economy Overview
Top Industry GRP
2018 Gross Regional Product
Health Care and Social Assistance
Government
Accommoda on and Food Services
Retail Trade
Administra ve and Support and Waste Management and
Remedia on Services
Construc on
Real Estate and Rental and Leasing
Wholesale Trade
Professional, Scien fic, and Technical Services
Finance and Insurance
Other Services (except Public Administra on)
Manufacturing
Transporta on and Warehousing
Informa on
Arts, Entertainment, and Recrea on
Educa onal Services
Agriculture, Forestry, Fishing and Hun ng
U li es
Management of Companies and Enterprises
$0.000 $200.0M $400.0M $600.0M $800.0M
Emsi Q4 2019 Data Set | www.economicmodeling.com 13Economy Overview
Top Industry Earnings
2019 Earnings Per Worker
U li es
Management of Companies and Enterprises
Finance and Insurance
Manufacturing
Government
Health Care and Social Assistance
Professional, Scien fic, and Technical Services
Wholesale Trade
Informa on
Administra ve and Support and Waste Management and
Remedia on Services
Construc on
Real Estate and Rental and Leasing
Agriculture, Forestry, Fishing and Hun ng
Arts, Entertainment, and Recrea on
Transporta on and Warehousing
Educa onal Services
Retail Trade
Other Services (except Public Administra on)
Accommoda on and Food Services
$0 $20,000 $40,000 $60,000 $80,000 $100,000
Emsi Q4 2019 Data Set | www.economicmodeling.com 14Economy Overview
%
2014 2019 Change 2019 2019 Earnings
Industry Jobs Jobs Change in Jobs in Jobs LQ Per Worker 2018 GRP
Accommoda on and Food Services 15,042 19,161 4,119 +27% 2.04 $25,698 $861.86M
Retail Trade 14,057 16,246 2,189 +16% 1.49 $30,227 $856.99M
Government 12,647 14,114 1,467 +12% 0.86 $59,113 $897.83M
Health Care and Social Assistance 11,659 14,101 2,442 +21% 1.02 $58,296 $970.37M
Administra ve and Support and
Waste Management and 10,180 11,511 1,331 +13% 1.69 $49,256 $762.19M
Remedia on Services
Construc on 5,988 8,531 2,543 +42% 1.39 $47,185 $548.71M
Other Services (except Public
3,657 4,894 1,237 +34% 0.95 $28,849 $229.40M
Administra on)
Real Estate and Rental and Leasing 3,752 3,755 3 +0% 2.04 $44,824 $420.49M
Professional, Scien fic, and
2,558 3,147 589 +23% 0.44 $57,723 $292.78M
Technical Services
Transporta on and Warehousing 1,779 2,563 784 +44% 0.64 $38,455 $196.82M
Wholesale Trade 2,004 2,412 408 +20% 0.60 $57,587 $365.77M
Arts, Entertainment, and Recrea on 2,483 2,086 -397 -16% 1.10 $40,140 $126.66M
Educa onal Services 1,464 2,040 576 +39% 0.73 $37,208 $87.95M
Manufacturing 1,427 1,716 289 +20% 0.20 $59,232 $214.86M
Finance and Insurance 1,221 1,446 225 +18% 0.33 $60,510 $255.79M
Informa on 567 594 27 +5% 0.30 $56,833 $142.60M
Agriculture, Forestry, Fishing and
435 482 47 +11% 0.38 $42,331 $43.03M
Hun ng
Management of Companies and
96 130 34 +35% 0.08 $83,846 $14.08M
Enterprises
U li es 71 60 -11 -15% 0.16 $101,634 $26.17M
Emsi Q4 2019 Data Set | www.economicmodeling.com 15Economy Overview
Business Characteris cs
48,460 Companies Employ Your Workers
Online profiles for your workers men on 48,460 companies as employers, with the top 10 appearing below. In the last 12 months,
3,025 companies in Osceola County, FL posted job pos ngs, with the top 10 appearing below.
Top Companies Profiles Top Companies Pos ng Unique Pos ngs
The Walt Disney Company 3,554 HCA Holdings, Inc. 1,033
Wal-Mart Stores, Inc. 834 The Walt Disney Company 1,002
The School District of Osceola County
… FL600 The School District of Osceola County
… FL869
Florida Hospital 595 Osceola Regional Medical Center 549
Universal Studios, Inc. 563 Adven st Health System 481
Westgate Resorts 512 Marrio Interna onal, Inc. 419
Publix Super Markets, Inc. 384 Omni Hotels Corpora on 310
Walgreens Boots Alliance, Inc. 375 AdventHealth 290
United States Department of the
…Army 350 Care.com, Inc. 284
Osceola Regional Medical Center 339 Westgate Resorts 283
Emsi Q4 2019 Data Set | www.economicmodeling.com 16Economy Overview
Business Size
Percentage Business Count
A 1 to 4 employees 35.5% 3,325
A 5 to 9 employees 29.0% 2,712
A 10 to 19 employees 20.2% 1,895
A 20 to 49 employees 11.3% 1,054
A 50 to 99 employees 2.2% 209
A 100 to 249 employees 1.3% 122
A 250 to 499 employees 0.4% 33
A 500+ employees 0.1% 10
*Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant its
accuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary
tab.
Emsi Q4 2019 Data Set | www.economicmodeling.com 17Economy Overview
Workforce Characteris cs
Largest Occupa ons
Occupa on Jobs Na onal Average
Food Prepara on and Serving Related
Office and Administra ve Support
Sales and Related
Educa on, Training, and Library
Building and Grounds Cleaning and Maintenance
Healthcare Prac oners and Technical
Transporta on and Material Moving
Construc on and Extrac on
Management
Personal Care and Service
Business and Financial Opera ons
Installa on, Maintenance, and Repair
Healthcare Support
Produc on
Protec ve Service
Arts, Design, Entertainment, Sports, and Media
Community and Social Service
Computer and Mathema cal
Architecture and Engineering
Legal
Military-only
Farming, Fishing, and Forestry
Life, Physical, and Social Science
0 2,000 4,000 6,000 8,000 10,000 12,000 14,000
Emsi Q4 2019 Data Set | www.economicmodeling.com 18Economy Overview
Top Growing Occupa ons
Occupa on Jobs Growth
Food Prepara on and Serving Related
Office and Administra ve Support
Construc on and Extrac on
Sales and Related
Transporta on and Material Moving
Educa on, Training, and Library
Healthcare Prac oners and Technical
Management
Business and Financial Opera ons
Building and Grounds Cleaning and Maintenance
Personal Care and Service
Installa on, Maintenance, and Repair
Healthcare Support
Community and Social Service
Computer and Mathema cal
Arts, Design, Entertainment, Sports, and Media
Produc on
Protec ve Service
Architecture and Engineering
Legal
Military-only
Farming, Fishing, and Forestry
Life, Physical, and Social Science
0 500 1,000 1,500 2,000 2,500 3,000
Emsi Q4 2019 Data Set | www.economicmodeling.com 19Economy Overview
Top Occupa on LQ
Occupa on LQ
Building and Grounds Cleaning and Maintenance
Food Prepara on and Serving Related
Sales and Related
Educa on, Training, and Library
Construc on and Extrac on
Healthcare Prac oners and Technical
Healthcare Support
Office and Administra ve Support
Arts, Design, Entertainment, Sports, and Media
Protec ve Service
Personal Care and Service
Installa on, Maintenance, and Repair
Management
Community and Social Service
Transporta on and Material Moving
Business and Financial Opera ons
Military-only
Legal
Computer and Mathema cal
Farming, Fishing, and Forestry
Architecture and Engineering
Produc on
Life, Physical, and Social Science
0.00 1.00
Emsi Q4 2019 Data Set | www.economicmodeling.com 20Economy Overview
Top Occupa on Earnings
2018 Median Hourly Earnings
Management
Computer and Mathema cal
Architecture and Engineering
Healthcare Prac oners and Technical
Legal
Life, Physical, and Social Science
Business and Financial Opera ons
Educa on, Training, and Library
Military-only
Arts, Design, Entertainment, Sports, and Media
Community and Social Service
Protec ve Service
Installa on, Maintenance, and Repair
Construc on and Extrac on
Office and Administra ve Support
Produc on
Healthcare Support
Transporta on and Material Moving
Sales and Related
Building and Grounds Cleaning and Maintenance
Personal Care and Service
Farming, Fishing, and Forestry
Food Prepara on and Serving Related
$0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00
Emsi Q4 2019 Data Set | www.economicmodeling.com 21Economy Overview
Top Posted Occupa ons
Unique Average Monthly Pos ngs
Healthcare Prac oners and Technical
Sales and Related
Office and Administra ve Support
Food Prepara on and Serving Related
Management
Transporta on and Material Moving
Computer and Mathema cal
Business and Financial Opera ons
Educa on, Training, and Library
Installa on, Maintenance, and Repair
Healthcare Support
Personal Care and Service
Building and Grounds Cleaning and Maintenance
Arts, Design, Entertainment, Sports, and Media
Protec ve Service
Construc on and Extrac on
Community and Social Service
Produc on
Architecture and Engineering
Life, Physical, and Social Science
Legal
Farming, Fishing, and Forestry
0 200 400 600 800 1,000 1,200
Emsi Q4 2019 Data Set | www.economicmodeling.com 22Economy Overview
Underemployment
Jobs Requiring Ed. Level Popula on at Ed. Level
No Formal Educa on Required
High School Diploma or Equivalent
Some College, Non-Degree Award
Associate's Degree
Bachelor's Degree
Graduate Degree and Higher
0% 10% 20% 30%
Emsi Q4 2019 Data Set | www.economicmodeling.com 23Economy Overview
% Nov 2018 - Oct 2019
2014 2019 Change 2019 2018 Median Unique Average
Occupa on Jobs Jobs Change in Jobs in Jobs LQ Hourly Earnings Monthly Pos ngs
Food Prepara on and
12,527 15,647 3,120 +25% 1.72 $9.79 663
Serving Related
Office and
13,389 15,307 1,918 +14% 0.98 $13.89 699
Administra ve Support
Sales and Related 12,832 14,296 1,464 +11% 1.32 $11.23 835
Educa on, Training, and
6,319 7,641 1,322 +21% 1.24 $20.10 244
Library
Building and Grounds
Cleaning and 6,228 7,107 879 +14% 1.80 $10.92 162
Maintenance
Healthcare Prac oners
5,342 6,433 1,091 +20% 1.06 $29.30 1,289
and Technical
Transporta on and
4,659 6,095 1,436 +31% 0.81 $12.64 395
Material Moving
Construc on and
4,359 5,846 1,487 +34% 1.15 $15.70 91
Extrac on
Management 4,313 5,281 968 +22% 0.84 $34.11 431
Personal Care and
3,320 4,110 790 +24% 0.85 $10.46 182
Service
Business and Financial
3,011 3,896 885 +29% 0.68 $24.78 244
Opera ons
Installa on,
2,983 3,585 602 +20% 0.84 $16.15 231
Maintenance, and Repair
Healthcare Support 2,582 2,932 350 +14% 1.00 $12.65 211
Produc on 1,866 2,135 269 +14% 0.34 $13.40 78
Protec ve Service 1,922 2,091 169 +9% 0.86 $17.94 100
Arts, Design,
Entertainment, Sports, 1,497 1,778 281 +19% 0.90 $19.02 122
and Media
Community and Social
1,183 1,513 330 +28% 0.82 $18.79 90
Service
Computer and
1,103 1,402 299 +27% 0.44 $31.21 324
Mathema cal
Emsi Q4 2019 Data Set | www.economicmodeling.com 24Economy Overview
%
2014 2019 Change 2019 2018 Median Nov 2018 - Oct 2019 Unique
Occupa on Jobs Jobs Change in Jobs in Jobs LQ Hourly Earnings Average Monthly Pos ngs
Architecture and
506 619 113 +22% 0.34 $29.94 49
Engineering
Legal 403 468 65 +16% 0.52 $27.93 15
Military-only 297 343 46 +15% 0.52 $19.46 0
Farming, Fishing,
295 331 36 +12% 0.41 $10.19 1
and Forestry
Life, Physical, and
231 263 32 +14% 0.30 $26.47 32
Social Science
Emsi Q4 2019 Data Set | www.economicmodeling.com 25Economy Overview
Educa onal Pipeline
In 2018, there were 576 graduates in Osceola County, FL. This pipeline has grown by 4% over the last 5 years. The highest share
of these graduates come from Criminal Jus ce/Police Science, Nail Technician/Specialist and Manicurist, and Clinical/Medical
Laboratory Assistant.
Graduate Trend (2014 -
School Total Graduates (2018) 2018)
Technical Educa on Center-Osceola 377
Academy of Career Training 127
Johnson University Florida 72
Med-Life Ins tute-Kissimmee 0
Cer ficate Associate's Bachelor's Master's or Higher
Emsi Q4 2019 Data Set | www.economicmodeling.com 26Economy Overview
In-Demand Skills
Top Hard Skills Na onal Average
Restaurant Opera on
Merchandising
Nursing
Basic Life Support
Selling Techniques
Accoun ng
Pediatrics
Emergency Departments
Advanced Cardiovascular Life Support (ACLS)
Audi ng
0 1,000 2,000 3,000 4,000 5,000 6,000
Emsi Q4 2019 Data Set | www.economicmodeling.com 27You can also read
