Florida & Metro Forecast Fall 2021

Page 59

J acksonville

Short Term Outlook for Jacksonville, 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

92.8 5.2 49.4 43.4

93.5 -5.0 50.4 43.1

94.6 1.7 51.1 43.5

95.7 3.2 51.7 44.1

96.6 4.1 52.1 44.5

97.5 4.3 52.6 44.9

98.5 4.2 53.1 45.4

99.8 4.2 53.6 46.1

101.0 4.6 54.2 46.8

102.4 5.1 54.9 47.5

103.7 5.3 55.6 48.1

105.0 5.3 56.3 48.7

106.3 5.2 57.0 49.3

Real Personal Income (12$) Pct Chg Year Ago

83.8 0.5

84.1 -8.7

84.7 -1.3

85.3 0.9

85.7 2.2

86.1 2.4

86.7 2.3

87.4 2.4

88.0 2.7

88.8 3.1

89.5 3.2

90.1 3.1

90.7 3.1

Per Capita Income (Ths) Real Per Capita Income (12$)

56.2 50.8

56.4 50.7

56.8 50.9

57.2 50.9

57.3 50.9

57.6 50.9

58.0 51.0

58.5 51.2

59.0 51.4

59.6 51.7

60.2 51.9

60.7 52.1

61.3 52.3

Average Annual Wage (Ths) Pct Chg Year Ago

65.0 3.2

65.6 3.1

66.0 2.5

66.3 2.5

66.6 2.5

67.0 2.1

67.3 2.0

67.7 2.1

68.2 2.4

68.8 2.7

69.4 3.0

70.0 3.4

70.7 3.6

Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago

743.6 4.1

751.2 5.1

757.3 4.9

761.9 4.0

765.4 2.9

768.8 2.3

772.5 2.0

775.6 1.8

779.1 1.8

782.7 1.8

786.0 1.8

788.6 1.7

790.7 1.5

Manufacturing Pct Chg Year Ago

33.0 1.3

32.9 1.7

32.9 3.0

32.7 0.1

32.8 -0.6

32.8 -0.5

32.8 -0.5

32.7 -0.1

32.6 -0.6

32.5 -0.8

32.4 -1.0

32.3 -1.0

32.2 -1.1

Nonmanufacturing Pct Chg Year Ago

710.6 4.2

718.3 5.2

724.3 5.0

729.2 4.2

732.6 3.1

736.1 2.5

739.7 2.1

743.0 1.9

746.5 1.9

750.2 1.9

753.6 1.9

756.3 1.8

758.5 1.6

48.7 1.9

48.3 4.1

47.8 0.5

47.6 -3.0

47.3 -2.8

47.0 -2.7

46.9 -2.0

46.8 -1.6

46.7 -1.4

46.6 -0.8

46.6 -0.5

46.6 -0.3

46.7 0.0

Trade, Trans, & Utilities Pct Chg Year Ago

162.7 4.6

162.8 4.1

163.1 4.1

164.7 3.3

163.6 0.6

163.8 0.6

166.0 1.7

165.8 0.7

166.4 1.7

166.0 1.4

164.6 -0.9

164.4 -0.9

164.2 -1.3

Wholesale Trade Retail Trade Trans, Wrhsng, & Util

27.8 81.2 53.6

28.2 79.8 54.8

28.7 78.7 55.8

29.8 77.4 57.5

30.1 75.6 57.9

30.5 74.9 58.5

30.6 77.0 58.4

30.8 76.7 58.3

31.0 76.7 58.6

31.4 75.4 59.2

31.9 72.7 59.9

32.2 72.0 60.2

32.5 71.2 60.5

Information Pct Chg Year Ago

9.2 2.5

9.2 4.0

9.4 7.0

9.5 3.3

9.4 1.5

9.4 1.6

9.5 1.4

9.5 0.6

9.6 3.0

9.8 3.9

9.9 3.8

9.9 3.7

9.9 2.3

Financial Activities Pct Chg Year Ago

72.7 3.9

74.1 5.1

75.8 7.7

77.3 7.2

77.2 6.2

77.2 4.1

76.5 0.8

76.2 -1.4

76.4 -1.1

77.0 -0.2

77.7 1.6

78.2 2.6

78.6 2.9

Prof & Business Services Pct Chg Year Ago

110.6 -0.6

116.6 5.6

118.0 6.9

117.6 6.5

118.6 7.1

119.9 2.8

119.9 1.6

120.6 2.5

121.8 2.8

123.6 3.1

125.6 4.7

126.7 5.1

127.7 4.8

Educ & Health Services Pct Chg Year Ago

116.8 4.9

117.1 4.3

120.5 6.8

121.0 4.8

120.2 2.9

120.6 2.9

120.1 -0.3

120.3 -0.6

120.5 0.3

121.4 0.7

122.1 1.7

122.7 2.0

122.9 2.0

Leisure & Hospitality Pct Chg Year Ago

85.1 16.2

84.3 11.9

82.5 0.9

83.2 2.9

87.6 2.9

89.2 5.8

91.6 10.9

94.4 13.5

95.3 8.8

95.6 7.2

96.4 5.3

96.8 2.5

97.2 2.0

Other Services Pct Chg Year Ago

26.1 4.7

26.6 6.2

27.6 7.5

28.4 10.1

28.6 9.5

28.9 8.4

28.8 4.6

29.0 2.0

29.1 1.8

29.4 2.0

29.8 3.2

30.1 3.9

30.4 4.2

Federal Government Pct Chg Year Ago

18.6 -4.5

18.6 -1.1

18.7 1.7

18.7 1.4

18.8 1.2

18.8 0.8

18.8 0.5

18.8 0.2

18.8 0.1

18.9 0.5

18.9 0.7

18.9 0.7

18.9 0.6

State & Local Government Pct Chg Year Ago

60.2 1.8

60.5 3.5

60.9 6.2

61.2 3.7

61.4 2.1

61.5 1.6

61.7 1.3

61.7 0.8

61.9 0.7

62.0 0.8

62.1 0.6

62.1 0.6

62.1 0.3

Population (Ths) Pct Chg Year Ago

1650.1 1.6

1657.8 1.7

1666.0 1.8

1675.1 2.0

1684.4 2.1

1692.3 2.1

1699.8 2.0

1706.6 1.9

1712.9 1.7

1718.7 1.6

1724.2 1.4

1729.7 1.4

1735.3 1.3

Labor Force (Ths) Pct Chg Year Ago

835.0 6.8

843.0 5.5

849.5 4.2

853.5 3.5

858.2 2.8

863.3 2.4

868.5 2.2

872.6 2.2

875.3 2.0

877.0 1.6

878.8 1.2

880.3 0.9

882.3 0.8

5.0

4.7

4.3

4.1

3.9

3.8

3.8

3.8

3.8

3.7

3.7

3.7

3.7

Construction & Mining Pct Chg Year Ago

Other Economic Indicators

Unemployment Rate (%) Total Housing Starts Single-Family Multifamily

20886.2 19708.6 18511.6 17726.1 17230.9 16887.5 16596.5 16508.1 16489.9 16248.3 15953.8 15832.5 15617.7 16338.6 15532.7 14876.8 14240.5 13837.3 13466.8 13116.2 12997.5 12934.0 12696.5 12515.8 12492.0 12379.3 4547.6 4175.8 3634.9 3485.7 3393.6 3420.7 3480.3 3510.6 3555.9 3551.8 3438.1 3340.5 3238.3

Institute for Economic Forecasting

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West Palm Beach-Boca Raton-Boynton Beach................145

4min
page 149

Industry Location Quotient

3min
pages 150-152

Tampa–St. Petersburg–Clearwater ..........................................135

11min
pages 139-143

The Villages........................................................................................140

13min
pages 144-148

Tallahassee...........................................................................................130

13min
pages 134-138

Sebastian–Vero Beach...................................................................120

11min
pages 124-128

Sebring.................................................................................................. 125

12min
pages 129-133

Punta Gorda.......................................................................................... 115

11min
pages 119-123

Pensacola–Ferry Pass–Brent ..................................................... 105

13min
pages 109-113

Port St. Lucie........................................................................................110

11min
pages 114-118

Panama City ......................................................................................100

12min
pages 104-108

Palm Bay–Melbourne–Titusville ....................................................95

13min
pages 99-103

Orlando–Kissimmee–Sanford....................................................... 90

13min
pages 94-98

Ocala .........................................................................................................85

12min
pages 89-93

Naples–Immokalee–Marco Island ................................................ 75

12min
pages 79-83

North Port–Sarasota–Bradenton................................................ 80

12min
pages 84-88

Miami-Miami Beach-Kendall...........................................................70

13min
pages 74-78

Miami–Fort Lauderdale–West Palm Beach.............................65

11min
pages 69-73

Lakeland–Winter Haven .................................................................. 60

12min
pages 64-68

Jacksonville............................................................................................55

11min
pages 59-63

Homosassa Springs........................................................................... 50

11min
pages 54-58

Fort Lauderdale-Pompano Beach-Sunrise............................40

12min
pages 44-48

Florida News Summaries................................................................. 23

11min
pages 24-28

Florida Highlights and Summary.....................................................5

13min
pages 13-18

Cape Coral–Fort Myers..................................................................... 25

12min
pages 29-33

Florida Forecast Charts ...................................................................20

2min
page 23

Deltona–Daytona Beach–Ormond Beach ...............................35

12min
pages 39-43

Crestview–Ft. Walton Beach–Destin......................................... 30

12min
pages 34-38

Gainesville...............................................................................................45

11min
pages 49-53
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