CAPE CORAL - FORT MYERS
Short Term Outlook for Cape Coral-Fort Myers, 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 $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
46.1 2.0 15.5 30.6
45.5 2.2 15.8 29.7
45.1 3.8 16.1 29.0
45.8 -8.6 16.2 29.6
46.4 0.7 16.4 30.0
46.9 3.2 16.6 30.3
47.4 5.1 16.8 30.6
47.8 4.5 17.0 30.8
48.5 4.5 17.3 31.2
49.1 4.6 17.5 31.6
49.8 5.0 17.8 32.0
50.5 5.7 18.0 32.5
51.2 5.6 18.3 32.9
Real Personal Income (12$) Pct Chg Year Ago
41.9 -0.8
41.2 -0.2
40.7 1.4
41.1 -10.4
41.5 -0.9
41.9 1.6
42.1 3.4
42.2 2.7
42.6 2.7
43.0 2.8
43.4 3.1
43.8 3.7
44.2 3.6
Per Capita Income (Ths) Real Per Capita Income (12$)
57.2 52.0
56.1 50.8
55.3 49.9
55.8 50.2
56.3 50.4
56.7 50.5
56.9 50.5
57.1 50.5
57.6 50.6
58.1 50.8
58.5 51.0
59.1 51.3
59.6 51.4
Average Annual Wage (Ths) Pct Chg Year Ago
57.3 6.9
57.3 4.2
57.6 2.8
57.7 1.8
58.1 1.4
58.5 2.0
58.9 2.4
59.5 3.1
60.0 3.4
60.6 3.7
61.2 3.9
61.8 4.0
62.5 4.0
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
268.7 6.2
274.4 3.1
277.6 3.6
279.4 4.1
281.3 4.7
282.5 2.9
283.6 2.2
284.0 1.7
286.4 1.8
287.9 1.9
289.1 1.9
290.2 2.2
291.3 1.7
Manufacturing Pct Chg Year Ago
6.4 4.8
6.4 1.9
6.4 -0.6
6.5 0.3
6.5 0.9
6.5 0.4
6.5 0.5
6.5 0.2
6.5 0.0
6.5 0.0
6.5 0.0
6.5 -0.2
6.5 -0.2
Nonmanufacturing Pct Chg Year Ago
262.3 6.3
267.9 3.1
271.2 3.7
272.9 4.2
274.9 4.8
276.0 3.0
277.2 2.2
277.5 1.7
279.9 1.8
281.5 2.0
282.6 2.0
283.8 2.3
284.8 1.7
Construction & Mining Pct Chg Year Ago
34.3 6.1
34.6 6.1
34.8 0.6
34.9 0.5
35.0 2.1
35.1 1.4
35.1 1.0
35.2 0.8
35.2 0.5
35.2 0.4
35.3 0.5
35.4 0.6
35.4 0.6
Trade, Trans, & Utilities Pct Chg Year Ago
53.9 7.1
54.9 2.2
54.7 2.2
53.7 -0.2
52.9 -2.0
52.5 -4.2
51.5 -5.9
50.8 -5.5
51.5 -2.7
51.2 -2.5
51.2 -0.5
50.7 -0.1
50.1 -2.6
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
7.8 39.6 6.4
7.9 40.4 6.6
7.9 40.2 6.6
7.9 39.1 6.7
8.0 38.2 6.7
8.2 37.5 6.8
8.2 36.4 6.8
8.2 35.7 6.8
8.2 36.4 6.8
8.2 36.2 6.8
8.3 36.2 6.8
8.3 35.6 6.8
8.4 34.8 6.9
Information Pct Chg Year Ago
2.6 -1.8
2.7 -2.4
2.7 1.9
2.8 7.0
2.8 6.2
2.8 5.4
2.8 2.6
2.8 0.0
2.8 0.8
2.8 0.3
2.9 2.7
2.9 3.6
2.9 4.2
Financial Activities Pct Chg Year Ago
13.5 1.8
13.7 1.9
13.7 3.8
13.9 4.4
14.2 5.4
14.5 5.8
14.5 5.4
14.5 4.3
14.4 1.3
14.4 -0.6
14.4 -0.6
14.4 -0.5
14.5 0.9
Prof & Business Services Pct Chg Year Ago
36.5 4.5
37.6 4.5
38.8 4.1
40.3 9.1
40.5 10.8
40.1 6.6
40.1 3.5
40.5 0.4
40.5 0.0
40.7 1.7
41.0 2.2
41.6 2.7
42.2 4.2
Educ & Health Services Pct Chg Year Ago
31.4 7.9
31.7 3.5
31.8 1.5
31.5 -0.2
32.2 2.5
32.4 2.0
32.2 1.2
32.4 2.8
32.4 0.6
32.6 0.7
32.9 2.0
33.2 2.6
33.5 3.5
Leisure & Hospitality Pct Chg Year Ago
37.1 23.1
38.8 6.3
39.5 12.2
39.8 12.8
40.7 9.8
41.5 7.1
43.6 10.4
43.7 9.8
45.4 11.5
46.6 12.3
47.1 8.2
47.6 8.8
48.0 5.6
Other Services Pct Chg Year Ago
10.9 10.7
11.3 5.6
11.6 8.4
11.9 10.0
12.2 11.9
12.4 10.3
12.5 6.9
12.5 4.6
12.4 1.6
12.3 -0.9
12.3 -1.3
12.3 -1.5
12.3 -0.6
Federal Government Pct Chg Year Ago
2.3 -6.2
2.3 -17.6
2.4 -6.6
2.4 1.5
2.4 3.5
2.4 3.4
2.4 3.3
2.5 3.1
2.5 2.6
2.5 2.1
2.5 1.8
2.5 1.6
2.5 1.6
State & Local Government Pct Chg Year Ago
39.7 -4.7
40.4 -1.0
41.2 1.8
41.6 3.0
42.0 5.7
42.2 4.6
42.5 3.2
42.7 2.7
42.9 2.2
43.0 1.9
43.1 1.5
43.2 1.1
43.3 1.0
Population (Ths) Pct Chg Year Ago
806.3 2.0
810.3 2.0
814.7 2.0
819.4 2.1
824.1 2.2
828.5 2.2
832.9 2.2
837.3 2.2
841.8 2.2
845.9 2.1
850.3 2.1
854.5 2.1
858.9 2.0
Labor Force (Ths) Pct Chg Year Ago
342.0 5.3
348.0 3.3
350.8 1.9
353.5 4.2
356.0 4.1
359.5 3.3
362.1 3.2
364.5 3.1
367.1 3.1
369.6 2.8
371.6 2.6
373.6 2.5
375.7 2.3
3.7
3.3
3.0
2.7
2.5
2.4
2.4
2.4
2.5
2.5
2.6
2.7
2.7
10651.0 10244.6 9167.5 8457.9 1483.5 1786.6
9936.1 7785.0 2151.1
9656.3 7226.7 2429.6
9544.2 6793.3 2750.9
9458.6 6432.0 3026.6
9395.6 6200.3 3195.3
9182.9 6043.4 3139.5
9068.4 5915.6 3152.8
9015.7 5876.5 3139.2
9084.6 5947.4 3137.2
9090.3 5952.5 3137.8
9074.7 5947.4 3127.3
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
Institute for Economic Forecasting
29
