SEBASTIAN - VERO BEACH
Short Term Outlook for Sebastian-Vero Beach, 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 $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
14.8 0.1 2.9 11.8
14.5 1.0 3.0 11.5
14.3 2.9 3.1 11.3
14.6 -9.7 3.1 11.5
14.7 -0.3 3.1 11.6
14.9 2.7 3.2 11.7
15.0 4.7 3.2 11.8
15.1 3.8 3.3 11.9
15.3 4.0 3.3 12.0
15.5 3.9 3.4 12.1
15.6 4.2 3.4 12.2
15.8 4.8 3.5 12.4
16.0 4.8 3.5 12.5
Real Personal Income (12$) Pct Chg Year Ago
14.1 -2.7
13.8 -1.4
13.6 0.5
13.8 -11.5
13.8 -1.9
14.0 1.0
14.0 3.1
14.0 2.1
14.1 2.2
14.2 2.0
14.3 2.2
14.4 2.8
14.5 2.8
Per Capita Income (Ths) Real Per Capita Income (12$)
89.7 85.7
87.9 83.7
86.5 82.1
87.7 82.8
88.4 83.2
89.2 83.6
89.7 83.8
90.1 83.8
90.9 84.1
91.8 84.5
92.6 84.9
93.7 85.4
94.5 85.7
Average Annual Wage (Ths) Pct Chg Year Ago
56.0 6.8
56.0 4.0
56.1 2.6
56.3 1.5
56.6 1.1
56.9 1.6
57.3 2.0
57.8 2.7
58.4 3.2
58.9 3.6
59.5 4.0
60.3 4.3
60.9 4.4
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
52.4 5.7
53.6 3.4
54.3 3.9
54.7 4.6
55.4 5.6
55.8 4.1
56.1 3.3
56.2 2.7
56.7 2.4
57.0 2.1
57.1 1.9
57.3 2.0
57.4 1.3
Manufacturing Pct Chg Year Ago
2.2 4.0
2.2 2.8
2.2 2.5
2.2 2.4
2.2 2.8
2.3 2.8
2.3 3.5
2.3 3.2
2.3 2.7
2.3 2.5
2.3 1.9
2.3 1.5
2.3 1.0
Nonmanufacturing Pct Chg Year Ago
50.2 5.8
51.4 3.4
52.1 4.0
52.5 4.7
53.1 5.8
53.5 4.1
53.8 3.3
53.9 2.7
54.4 2.4
54.6 2.1
54.8 1.9
55.0 2.0
55.1 1.3
4.6 6.3
4.6 6.0
4.6 3.7
4.6 1.3
4.7 1.7
4.7 1.1
4.7 0.7
4.7 0.5
4.7 0.2
4.7 0.1
4.7 0.2
4.7 0.2
4.7 0.2
Trade, Trans, & Utilities Pct Chg Year Ago
10.4 4.9
10.6 0.3
10.6 1.7
10.4 0.0
10.2 -1.8
10.1 -4.5
9.9 -6.3
9.8 -5.9
9.9 -2.9
9.9 -2.7
9.9 -0.7
9.7 -0.6
9.6 -3.7
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
1.0 8.5 0.9
1.0 8.7 0.9
1.0 8.7 0.9
1.0 8.5 1.0
1.0 8.3 1.0
1.0 8.1 1.0
1.0 7.9 1.0
1.0 7.7 1.1
1.0 7.9 1.1
1.0 7.8 1.1
1.0 7.8 1.1
1.0 7.6 1.1
1.0 7.5 1.1
Information Pct Chg Year Ago
0.5 -0.4
0.5 0.6
0.5 -0.9
0.5 4.7
0.5 7.8
0.5 7.0
0.5 4.1
0.5 1.4
0.5 2.3
0.5 1.7
0.6 4.2
0.6 5.1
0.6 5.6
Financial Activities Pct Chg Year Ago
2.7 -1.6
2.7 -1.0
2.7 -0.2
2.8 3.2
2.8 5.0
2.9 5.2
2.9 4.5
2.9 3.4
2.8 0.4
2.8 -1.5
2.8 -1.3
2.8 -0.9
2.8 0.5
6.4 6.8
6.6 8.4
6.8 7.9
7.1 10.3
7.1 11.9
7.1 7.6
7.1 4.5
7.2 1.3
7.2 1.0
7.2 2.7
7.3 3.2
7.4 3.6
7.6 5.1
Educ & Health Services Pct Chg Year Ago
10.8 2.9
10.8 1.2
10.9 0.8
10.9 0.6
11.1 3.5
11.2 3.8
11.2 2.7
11.3 3.5
11.3 1.1
11.3 0.5
11.3 1.0
11.4 1.4
11.5 2.2
Leisure & Hospitality Pct Chg Year Ago
7.2 17.7
7.6 9.5
7.7 10.7
7.9 13.4
8.2 13.7
8.4 11.2
8.9 14.9
8.9 13.5
9.3 13.6
9.5 12.7
9.6 7.9
9.6 7.4
9.6 3.6
Other Services Pct Chg Year Ago
2.7 7.7
2.8 4.7
2.9 9.2
3.0 10.6
3.1 14.3
3.1 12.7
3.2 9.2
3.2 6.8
3.2 3.7
3.2 1.1
3.2 0.7
3.2 0.4
3.2 1.3
Federal Government Pct Chg Year Ago
0.4 0.5
0.4 -20.6
0.4 -1.5
0.4 1.4
0.4 3.0
0.4 2.4
0.4 2.3
0.4 2.3
0.4 2.1
0.4 2.1
0.4 2.0
0.4 2.1
0.4 2.2
State & Local Government Pct Chg Year Ago
4.7 1.4
4.8 2.7
4.9 2.2
4.9 4.7
5.0 6.9
5.0 5.5
5.1 3.8
5.1 2.8
5.1 2.1
5.1 1.5
5.1 0.8
5.1 0.5
5.1 0.2
Population (Ths) Pct Chg Year Ago
164.6 1.3
165.0 1.2
165.5 1.2
166.0 1.2
166.5 1.2
166.8 1.1
167.2 1.0
167.7 1.0
168.1 1.0
168.5 1.0
168.8 1.0
169.2 0.9
169.5 0.8
Labor Force (Ths) Pct Chg Year Ago
64.1 5.3
65.1 1.9
65.6 1.8
66.0 3.8
66.4 3.7
67.0 2.9
67.4 2.9
67.8 2.7
68.2 2.7
68.6 2.4
68.9 2.2
69.2 2.1
69.5 1.9
Construction & Mining Pct Chg Year Ago
Prof & Business Services Pct Chg Year Ago
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
124
2.8
2.7
2.6
2.6
2.6
2.7
2.7
2.7
2.8
2.9
3.0
3.1
3.2
1572.3 1566.4 5.9
1655.4 1639.1 16.2
1629.5 1591.4 38.0
1570.3 1506.3 64.0
1505.2 1407.5 97.7
1476.2 1328.4 147.8
1479.6 1291.5 188.1
1483.7 1262.0 221.7
1462.7 1239.6 223.1
1455.5 1232.6 222.9
1470.6 1248.2 222.5
1474.3 1251.7 222.6
1464.2 1242.7 221.5
Florida & Metro Forecast / July 2021
