OCALA
Short Term Outlook for Ocala, 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 $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
16.3 2.5 5.4 10.9
16.1 3.0 5.5 10.6
15.9 3.9 5.5 10.4
16.2 -8.1 5.5 10.6
16.4 0.7 5.6 10.8
16.6 3.2 5.7 10.9
16.7 5.0 5.7 11.0
16.9 4.5 5.8 11.1
17.1 4.4 5.9 11.2
17.3 4.4 5.9 11.4
17.5 4.8 6.0 11.5
17.8 5.4 6.1 11.7
18.0 5.3 6.1 11.9
Real Personal Income (12$) Pct Chg Year Ago
15.8 -0.3
15.5 0.5
15.3 1.4
15.5 -9.9
15.6 -0.9
15.7 1.6
15.8 3.3
15.9 2.8
16.0 2.6
16.2 2.6
16.3 2.8
16.4 3.4
16.6 3.2
Per Capita Income (Ths) Real Per Capita Income (12$)
43.0 41.6
42.3 40.8
41.9 40.2
42.3 40.5
42.8 40.8
43.2 41.1
43.5 41.2
43.8 41.2
44.3 41.5
44.7 41.7
45.2 41.9
45.7 42.2
46.2 42.4
Average Annual Wage (Ths) Pct Chg Year Ago
49.2 6.5
49.2 3.8
49.4 2.7
49.5 1.8
49.9 1.3
50.2 1.9
50.6 2.3
51.0 3.0
51.5 3.3
52.0 3.6
52.5 3.7
53.0 3.9
53.5 3.9
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
108.2 6.6
110.1 4.5
111.0 3.2
111.4 3.0
112.1 3.7
112.6 2.3
112.8 1.6
112.8 1.3
113.5 1.3
113.8 1.1
114.0 1.0
114.1 1.1
114.2 0.6
Manufacturing Pct Chg Year Ago
9.8 6.2
9.9 4.4
9.9 1.4
10.0 1.7
10.1 2.5
10.1 2.1
10.1 2.0
10.1 1.2
10.1 0.5
10.1 0.2
10.1 0.0
10.1 -0.2
10.1 -0.4
Nonmanufacturing Pct Chg Year Ago
98.3 6.6
100.2 4.6
101.1 3.3
101.4 3.1
102.0 3.8
102.5 2.3
102.7 1.6
102.7 1.4
103.4 1.4
103.7 1.2
103.9 1.1
104.0 1.3
104.1 0.7
8.8 4.1
8.9 3.1
8.9 1.5
8.9 0.3
8.9 1.0
8.9 0.3
8.9 -0.1
8.9 -0.4
8.8 -0.7
8.8 -0.9
8.8 -0.8
8.8 -0.7
8.8 -0.7
Trade, Trans, & Utilities Pct Chg Year Ago
27.2 7.4
27.4 4.2
27.3 0.4
26.9 -1.2
26.6 -2.2
26.6 -3.1
26.1 -4.3
25.8 -3.9
26.1 -1.9
25.9 -2.6
25.8 -1.2
25.6 -1.1
25.3 -3.0
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
4.1 16.8 6.3
4.1 16.9 6.4
4.1 16.7 6.5
4.1 16.2 6.5
4.2 15.9 6.6
4.3 15.6 6.7
4.3 15.2 6.7
4.3 14.9 6.7
4.3 15.2 6.6
4.3 15.0 6.6
4.3 15.0 6.6
4.3 14.7 6.6
4.3 14.4 6.6
Information Pct Chg Year Ago
0.5 -4.3
0.5 -2.2
0.5 -0.9
0.5 8.3
0.5 8.0
0.5 7.2
0.5 4.2
0.5 1.6
0.5 2.4
0.5 1.9
0.5 4.4
0.6 5.2
0.6 5.8
Financial Activities Pct Chg Year Ago
3.8 0.7
3.8 -0.3
3.8 -0.9
3.9 0.9
3.9 3.6
4.0 4.3
4.0 4.2
4.0 3.3
3.9 0.6
3.9 -1.3
3.9 -1.2
3.9 -0.8
4.0 0.9
Prof & Business Services Pct Chg Year Ago
10.1 7.5
10.3 5.5
10.6 4.0
11.0 7.6
10.9 8.6
10.7 4.2
10.7 1.4
10.8 -1.1
10.8 -0.7
10.9 1.7
11.0 2.2
11.1 2.7
11.3 3.9
Educ & Health Services Pct Chg Year Ago
18.4 3.5
18.8 3.2
19.0 3.9
18.9 2.8
19.4 5.2
19.6 4.2
19.6 3.2
19.7 4.2
19.7 1.8
19.8 1.5
20.0 2.2
20.2 2.6
20.4 3.2
Leisure & Hospitality Pct Chg Year Ago
12.1 18.9
12.7 9.6
13.0 13.0
13.1 11.2
13.5 11.4
13.7 7.8
14.3 10.2
14.3 8.8
14.7 9.4
15.0 9.1
15.0 4.8
15.0 4.9
15.0 1.7
Other Services Pct Chg Year Ago
2.9 6.7
3.0 10.6
3.1 13.8
3.2 12.8
3.3 14.1
3.4 12.4
3.4 9.0
3.4 6.6
3.4 3.4
3.4 0.9
3.4 0.5
3.4 0.2
3.4 1.2
Federal Government Pct Chg Year Ago
0.8 2.1
0.8 -17.3
0.8 -4.4
0.8 1.1
0.8 0.8
0.8 0.2
0.8 0.0
0.8 0.1
0.8 -0.2
0.8 -0.2
0.8 -0.2
0.8 -0.2
0.8 0.1
13.8 3.3
14.0 5.0
14.1 0.7
14.2 2.0
14.3 3.1
14.3 2.5
14.4 1.8
14.5 1.8
14.5 1.9
14.6 1.8
14.6 1.4
14.6 1.1
14.7 0.9
Population (Ths) Pct Chg Year Ago
378.9 1.4
380.0 1.3
380.9 1.2
381.9 1.1
382.8 1.0
383.6 1.0
384.6 1.0
385.5 1.0
386.5 1.0
387.4 1.0
388.3 1.0
389.2 1.0
390.2 0.9
Labor Force (Ths) Pct Chg Year Ago
139.8 6.7
141.7 3.1
142.4 1.5
143.1 2.9
143.6 2.7
144.6 2.0
145.1 1.9
145.6 1.8
146.2 1.8
146.7 1.5
147.0 1.3
147.3 1.2
147.7 1.0
Construction & Mining Pct Chg Year Ago
State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
2.8
2.7
2.5
2.5
2.5
2.6
2.6
2.6
2.7
2.8
2.9
3.1
3.2
5154.4 5126.7 27.7
4720.2 4668.8 51.4
4470.3 4386.6 83.7
4096.2 3982.5 113.6
3874.7 3737.7 137.0
3697.2 3534.7 162.5
3614.6 3430.6 184.0
3529.0 3326.2 202.8
3465.1 3261.6 203.4
3443.9 3242.7 201.2
3479.6 3279.5 200.2
3472.2 3272.4 199.8
3456.4 3258.1 198.3
Institute for Economic Forecasting
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