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Wage growth: to be or not to be [Orlando Context]

Posted by Phoebe Fleming on Mar 16, 2018 12:16:47 PM

America may be getting a pay raise. New data released by the Bureau of Labor Statistics (BLS) in February suggest that Americans are at last seeing their wages rise at a healthier rate since the 2008 recession. Posting 2.9 percent year-over-year wage growth in January 2017, the BLS Employment Situation report painted a picture of a sturdy job market with wage gains, record low unemployment rates, and minimal changes to the number of people working part time for economic reasons.

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Topics: Research

Orlando ranks No. 1 for job growth for the third year in a row in 2017

Posted by Phoebe Fleming on Jan 31, 2018 9:19:28 AM

Job creation in 2017 injected a significant chunk of spending money into the region’s economy with projected direct impact of an additional $2.2 billion in annual payroll added by the growing labor force. That spending power is expected to add $3.4 billion to the gross regional product (GRP) and new state and local tax revenue of $236.9 million.

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Topics: Rankings, Research

Record number of higher education students complete degree programs in Orlando

Posted by Phoebe Fleming on Dec 21, 2017 8:48:44 AM

Graduation day is a memorable occasion for any student – it marks the conclusion of years of study and hard work, it brings the hope of a more prosperous future and it empowers graduates with the sense that they now have the tools necessary to enter a fiercely competitive labor market. December 13, 2017 signified another milestone at Seminole State College of Florida. Those at the commencement ceremony were among the largest class ever to graduate from the college. Altogether, more than 3,500 students received their degrees and certificates that day.

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Topics: Education, Research

Assessing the economic impact of Hurricane Maria on the Orlando region

Posted by Dale Brill on Nov 17, 2017 11:05:34 AM

Residents from the Commonwealth of Puerto Rico fleeing the devastation wrought by Hurricane Maria are among the hundreds arriving daily in Central Florida to start new lives. The Orlando community, with one of the largest Puerto Rican populations in the U.S. outside of the island, is offering support, assistance and relief from the life-changing disaster brought on by the storm’s strength and fury. With a community that’s on track to surpass New York as the state with the largest Puerto Rican population, the opportunity for evacuating Puerto Ricans to contribute to the region’s growing economy is considerable.

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Topics: Research

News & Media Resources

The PR team at the Orlando Economic Partnership is your source for business news in Orlando, providing you with story ideas about trends, people and companies; statistical information and background; offering expert sources; and connecting you with community leaders.

Media Contact: Laureen Martinez

Senior Director, Marketing & Communications
P/ 407.422.7159 x204
C/ 407.242.3982
Laureen.Martinez@Orlando.org

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