SEBASTIAN - VERO BEACH
Short Term Outlook for Sebastian-Vero Beach, FL December 2021 Forecast 2021:Q4
2022:Q1
2022:Q2
2022:Q3
2022:Q4
2023:Q1
2023:Q2
2023:Q3
2023:Q4
2024:Q1
2024:Q2
2024:Q1
2024:Q2
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
14.2 6.9 3.1 11.2
14.3 -7.8 3.1 11.2
14.5 0.4 3.2 11.3
14.7 3.0 3.2 11.5
14.9 4.7 3.2 11.7
15.0 5.1 3.3 11.8
15.2 5.0 3.3 11.9
15.4 4.6 3.3 12.0
15.6 4.6 3.4 12.2
15.7 4.7 3.4 12.3
15.9 4.4 3.5 12.4
16.0 4.3 3.5 12.5
16.2 4.2 3.5 12.7
Real Personal Income (12$) Pct Chg Year Ago
13.2 2.1
13.2 -11.4
13.3 -2.5
13.5 0.7
13.6 2.8
13.6 3.2
13.7 3.1
13.8 2.7
13.9 2.7
14.0 2.7
14.1 2.4
14.2 2.2
14.2 2.1
Per Capita Income (Ths) Real Per Capita Income (12$)
86.9 80.7
87.1 80.6
88.1 81.1
89.3 81.9
90.1 82.2
90.7 82.4
91.5 82.7
92.3 83.1
93.1 83.4
93.9 83.7
94.5 83.8
95.3 84.1
96.1 84.4
Average Annual Wage (Ths) Pct Chg Year Ago
55.7 2.4
56.1 2.5
56.2 0.9
56.4 0.9
56.6 1.5
56.8 1.3
57.1 1.6
57.4 1.7
57.9 2.3
58.4 2.8
58.9 3.2
59.5 3.7
60.1 3.8
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
54.7 4.8
55.2 5.6
56.0 5.2
56.4 4.4
56.7 3.7
57.1 3.3
57.7 3.1
58.1 3.0
58.3 2.7
58.4 2.3
58.4 1.2
58.5 0.8
58.6 0.6
Manufacturing Pct Chg Year Ago
2.3 4.4
2.3 4.0
2.3 5.3
2.3 5.1
2.4 5.1
2.4 5.2
2.4 3.2
2.4 1.8
2.4 0.5
2.4 -0.5
2.4 -1.5
2.3 -2.1
2.3 -2.2
Nonmanufacturing Pct Chg Year Ago
52.5 4.8
53.0 5.6
53.6 5.2
54.1 4.4
54.4 3.7
54.7 3.2
55.3 3.1
55.7 3.0
55.9 2.8
56.0 2.4
56.1 1.3
56.2 0.9
56.3 0.7
4.7 4.8
4.7 1.6
4.6 -1.5
4.6 -3.7
4.5 -3.3
4.5 -3.3
4.5 -3.2
4.4 -3.5
4.4 -3.4
4.4 -3.3
4.3 -2.6
4.3 -1.9
4.3 -1.2
Trade, Trans, & Utilities Pct Chg Year Ago
10.6 1.8
10.5 0.6
10.4 0.3
10.4 -0.3
10.2 -4.2
10.1 -3.4
10.3 -0.8
10.3 -0.8
10.3 1.2
10.2 0.5
9.9 -4.4
9.8 -5.1
9.7 -5.6
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
1.0 8.7 0.9
1.1 8.5 0.9
1.1 8.4 1.0
1.1 8.3 1.0
1.1 8.1 1.0
1.1 8.0 1.0
1.1 8.2 1.0
1.1 8.1 1.0
1.1 8.1 1.0
1.1 8.0 1.1
1.2 7.6 1.1
1.2 7.5 1.1
1.2 7.4 1.1
Information Pct Chg Year Ago
0.5 1.0
0.5 6.1
0.5 11.4
0.5 8.7
0.5 4.2
0.6 3.0
0.6 4.5
0.6 4.1
0.6 8.3
0.6 9.3
0.6 8.9
0.6 6.9
0.6 3.3
Financial Activities Pct Chg Year Ago
2.7 -0.4
2.8 3.5
2.9 6.2
2.9 8.3
2.9 7.2
3.0 7.2
3.0 4.9
3.0 3.5
3.0 3.7
3.1 3.0
3.1 3.4
3.1 3.1
3.1 2.3
6.7 6.6
7.1 10.4
7.2 9.0
7.2 7.7
7.3 8.2
7.3 3.4
7.3 1.8
7.3 2.0
7.4 2.2
7.5 2.5
7.6 4.1
7.7 4.9
7.8 4.8
Educ & Health Services Pct Chg Year Ago
11.0 1.8
11.2 3.5
11.4 6.1
11.4 5.0
11.4 3.2
11.4 2.1
11.4 -0.4
11.4 -0.7
11.4 0.1
11.5 0.7
11.6 2.0
11.7 3.1
11.8 3.5
Leisure & Hospitality Pct Chg Year Ago
8.1 16.8
8.1 15.8
8.2 6.8
8.4 5.4
8.9 9.4
9.0 12.2
9.5 16.0
9.8 17.7
9.9 12.0
9.9 9.5
9.9 4.5
9.9 0.7
9.9 -0.2
2.8 7.5
2.9 9.6
3.1 15.3
3.2 16.8
3.3 14.3
3.3 11.6
3.3 6.2
3.3 2.7
3.3 2.2
3.4 2.5
3.4 4.0
3.5 4.8
3.5 5.3
0.4 -1.4
0.4 2.7
0.4 7.4
0.4 9.6
0.4 7.9
0.4 7.0
0.4 5.5
0.4 4.2
0.4 2.8
0.5 2.0
0.5 1.4
0.5 1.1
0.5 1.0
4.8 1.0
4.9 3.3
4.9 5.3
5.0 4.9
5.0 4.4
5.0 3.7
5.1 3.0
5.1 2.3
5.1 1.7
5.1 1.2
5.1 1.0
5.1 0.5
5.1 0.4
Population (Ths) Pct Chg Year Ago
163.6 1.3
164.1 1.3
164.4 1.1
164.7 0.9
165.1 0.9
165.7 1.0
166.2 1.1
166.7 1.2
167.1 1.2
167.5 1.1
167.9 1.0
168.3 1.0
168.7 1.0
Labor Force (Ths) Pct Chg Year Ago
68.2 7.6
69.0 7.1
69.5 5.4
69.8 3.8
70.0 2.6
70.0 1.5
70.1 0.9
70.1 0.4
70.0 0.1
70.1 0.0
70.2 0.1
70.3 0.3
70.4 0.5
Construction & Mining Pct Chg Year Ago
Prof & Business Services Pct Chg Year Ago
Other Services Pct Chg Year Ago Federal Government Pct Chg Year Ago State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
124
4.8
4.9
5.0
5.1
5.0
4.9
4.9
4.9
5.0
4.8
4.9
4.8
4.6
1351.2 1322.1 29.1
1364.5 1299.1 65.3
1344.6 1247.4 97.2
1348.3 1207.5 140.8
1410.7 1215.4 195.3
1429.8 1225.0 204.8
1454.6 1238.5 216.1
1454.0 1237.7 216.3
1443.2 1226.0 217.2
1413.8 1196.3 217.4
1384.0 1170.3 213.7
1377.5 1167.9 209.5
1355.9 1153.0 203.0
Florida & Metro Forecast / Fall 2021
