P E N S AC O L A – F E R RY PA S S – B R E N T
Short Term Outlook for Pensacola-Ferry Pass-Brent, FL July 2021 2021:Q2 2021:Q3 2021:Q4 2022:Q1 2022:Q2 2022:Q3 2022:Q4 2023:Q1 2023:Q2 2023:Q3 2023:Q4 2024:Q1 2024:Q2
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
25.9 3.2 11.1 14.7
25.6 3.1 11.3 14.3
25.5 3.9 11.5 14.0
25.8 -6.4 11.6 14.2
26.1 0.8 11.7 14.4
26.3 2.5 11.8 14.5
26.5 3.9 11.9 14.6
26.6 3.4 12.0 14.6
26.9 3.3 12.1 14.8
27.2 3.4 12.3 14.9
27.4 3.7 12.4 15.1
27.8 4.2 12.5 15.2
28.0 4.2 12.6 15.4
Real Personal Income (12$) Pct Chg Year Ago
24.8 0.4
24.5 0.6
24.3 1.5
24.4 -8.2
24.6 -0.8
24.7 0.9
24.8 2.2
24.8 1.7
25.0 1.5
25.1 1.5
25.2 1.7
25.4 2.2
25.5 2.2
Per Capita Income (Ths) Real Per Capita Income (12$)
50.1 48.0
49.6 47.4
49.3 46.9
49.7 47.1
50.2 47.4
50.6 47.6
50.9 47.7
51.2 47.7
51.7 47.9
52.1 48.1
52.6 48.4
53.2 48.6
53.7 48.9
Average Annual Wage (Ths) Pct Chg Year Ago
56.0 6.1
56.0 3.7
56.2 2.4
56.3 1.6
56.7 1.1
57.0 1.7
57.4 2.1
57.9 2.8
58.4 3.1
58.9 3.4
59.4 3.6
60.1 3.7
60.6 3.8
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
185.7 6.5
189.6 4.5
191.7 4.7
192.6 4.0
193.9 4.4
194.5 2.6
194.9 1.7
194.7 1.1
195.6 0.8
195.9 0.7
196.0 0.6
196.2 0.8
196.4 0.4
Manufacturing Pct Chg Year Ago
6.9 0.6
6.9 1.0
6.8 0.5
6.9 -0.9
6.9 0.1
6.9 0.1
6.9 0.7
6.9 0.5
6.9 0.2
6.9 0.0
6.9 -0.6
6.8 -1.0
6.8 -1.2
Nonmanufacturing Pct Chg Year Ago
178.8 6.7
182.8 4.6
184.8 4.9
185.8 4.1
187.0 4.6
187.6 2.7
188.0 1.7
187.8 1.1
188.7 0.9
189.0 0.8
189.2 0.6
189.4 0.9
189.6 0.5
Construction & Mining Pct Chg Year Ago
12.0 2.8
12.1 1.7
12.1 1.2
12.1 0.3
12.1 0.3
12.0 -0.3
12.0 -0.6
12.0 -0.9
11.9 -1.2
11.9 -1.4
11.8 -1.3
11.8 -1.3
11.8 -1.3
Trade, Trans, & Utilities Pct Chg Year Ago
34.0 5.3
34.6 1.7
34.5 1.8
33.8 -1.3
33.3 -2.2
33.0 -4.6
32.2 -6.5
31.7 -6.3
32.0 -3.9
31.7 -4.0
31.5 -2.3
31.0 -2.1
30.5 -4.6
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
5.6 23.9 4.5
5.7 24.3 4.6
5.7 24.1 4.6
5.7 23.5 4.7
5.7 22.9 4.7
5.9 22.3 4.8
5.9 21.6 4.8
5.8 21.1 4.8
5.8 21.4 4.8
5.8 21.1 4.7
5.8 21.0 4.7
5.8 20.5 4.7
5.8 19.9 4.8
Information Pct Chg Year Ago
1.5 0.0
1.5 1.4
1.5 2.6
1.6 4.9
1.6 5.0
1.6 4.3
1.6 1.5
1.6 -1.1
1.6 -0.3
1.6 -0.8
1.6 1.6
1.6 2.5
1.6 3.1
Financial Activities Pct Chg Year Ago
15.1 1.3
15.4 1.3
15.5 0.3
15.8 2.7
16.1 6.6
16.5 7.3
16.6 6.8
16.7 5.7
16.6 2.8
16.6 0.6
16.7 0.8
16.9 1.2
17.0 2.9
Prof & Business Services Pct Chg Year Ago
26.2 11.3
26.8 9.5
27.6 8.6
28.6 8.7
28.7 9.7
28.3 5.5
28.3 2.4
28.4 -0.7
28.4 -1.0
28.5 0.6
28.6 1.1
28.9 1.6
29.3 3.0
Educ & Health Services Pct Chg Year Ago
30.8 3.4
31.2 2.5
31.3 1.8
31.0 0.5
31.6 2.9
31.8 1.9
31.6 0.9
31.6 1.9
31.5 -0.4
31.5 -0.8
31.6 -0.1
31.7 0.3
31.8 0.9
Leisure & Hospitality Pct Chg Year Ago
24.6 22.8
26.0 16.0
26.5 16.4
26.7 14.6
27.2 10.5
27.7 6.6
29.0 9.4
28.9 8.4
29.9 9.7
30.4 10.0
30.6 5.6
30.7 5.9
30.7 2.9
Other Services Pct Chg Year Ago
6.6 12.4
6.8 4.5
7.0 8.2
7.2 9.2
7.3 10.8
7.4 9.1
7.4 5.8
7.4 3.5
7.3 0.5
7.3 -2.0
7.2 -2.4
7.2 -2.6
7.2 -1.7
Federal Government Pct Chg Year Ago
6.7 -0.6
6.8 -3.3
6.8 0.1
6.8 1.1
6.8 2.0
6.9 1.4
6.9 1.2
6.9 1.3
6.9 1.0
6.9 1.0
6.9 1.0
7.0 1.0
7.0 1.3
State & Local Government Pct Chg Year Ago
21.3 0.3
21.6 1.3
22.0 3.3
22.2 3.7
22.4 4.8
22.4 3.7
22.5 2.3
22.6 1.8
22.7 1.3
22.7 1.0
22.7 0.6
22.7 0.2
22.7 0.1
Population (Ths) Pct Chg Year Ago
516.1 0.9
516.8 0.8
517.4 0.7
518.1 0.6
518.7 0.5
519.2 0.5
519.8 0.5
520.5 0.5
521.0 0.5
521.3 0.4
521.5 0.3
521.7 0.2
521.8 0.2
Labor Force (Ths) Pct Chg Year Ago
230.7 10.2
233.9 6.8
235.1 5.5
236.1 3.0
237.0 2.7
238.5 2.0
239.5 1.9
240.3 1.8
241.2 1.8
242.0 1.5
242.6 1.3
243.1 1.2
243.7 1.0
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
2.6
2.7
2.7
2.6
2.6
2.7
2.8
2.7
2.7
2.7
2.7
2.7
2.7
3785.6 3365.9 419.7
3557.5 3107.1 450.3
3261.9 2858.7 403.2
3015.4 2614.1 401.3
2863.7 2530.7 333.0
2724.9 2469.6 255.3
2688.9 2449.2 239.7
2630.8 2423.6 207.3
2584.9 2377.2 207.8
2569.8 2364.7 205.1
2597.0 2392.6 204.4
2594.7 2391.1 203.6
2587.7 2386.0 201.7
Institute for Economic Forecasting
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