Florida Metro Forecast Spring 2022 from the UCF Institute of Economic Forecasting

Page 139

T ampa – S t . P etersburg – C learwater

Short Term Outlook for Tampa-St. Petersburg-Clearwater, FL

June 2022 Forecast

Personal Income (Billions $)

Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income Real Personal Income (12$) Pct Chg Year Ago Per Capita Income (Ths) Real Per Capita Income (12$) Average Annual Wage (Ths) Pct Chg Year Ago

2022:1

2022:2

2022:3

2022:4

2023:1

2023:2

2023:3

2023:4

2024:1

2024:2

2024:3

2024:4

2025:1

188.9 -0.9 101.2 87.8

191.2 4.9 103.0 88.2

193.7 5.3 103.9 89.8

195.2 4.6 104.4 90.8

195.9 3.7 104.4 91.5

196.7 2.9 104.3 92.4

197.8 2.1 104.3 93.5

199.1 2.0 104.4 94.6

200.9 2.6 104.7 96.2

202.5 3.0 105.3 97.3

204.3 3.3 106.0 98.3

206.3 3.6 106.8 99.5

208.6 3.8 107.8 100.8

158.3 -6.7

158.2 -0.9

158.8 -0.3

159.0 0.0

158.7 0.2

158.6 0.3

158.8 0.0

159.2 0.1

160.1 0.9

160.7 1.3

161.4 1.6

162.2 1.9

163.2 2.0

58.2 48.8

58.7 48.6

59.3 48.6

59.6 48.5

59.6 48.3

59.7 48.1

59.9 48.1

60.1 48.1

60.5 48.2

60.8 48.3

61.2 48.3

61.6 48.4

62.1 48.6

69.7 9.8

70.5 7.2

71.0 5.7

71.5 4.0

71.9 3.2

72.5 2.9

73.2 3.0

73.8 3.2

74.3 3.3

75.0 3.4

75.5 3.2

76.1 3.1

76.6 3.1

Establishment Employment (Place of Work, Thousands, SA)

Total Employment Pct Chg Year Ago Manufacturing Pct Chg Year Ago Nonmanufacturing Pct Chg Year Ago Construction & Mining Pct Chg Year Ago Trade, Trans, & Utilities Pct Chg Year Ago Wholesale Trade Retail Trade Trans, Wrhsng, & Util Information Pct Chg Year Ago Financial Activities Pct Chg Year Ago Prof & Business Services Pct Chg Year Ago Educ & Health Services Pct Chg Year Ago Leisure & Hospitality Pct Chg Year Ago Other Services Pct Chg Year Ago Federal Government Pct Chg Year Ago State & Local Government Pct Chg Year Ago

1439.0 5.2

1448.3 4.4

1449.8 2.7

1448.4 1.7

1438.8 0.0

1425.9 -1.5

1413.4 -2.5

1403.5 -3.1

1396.6 -2.9

1392.2 -2.4

1392.2 -1.5

1392.4 -0.8

1395.6 -0.1

70.8 4.8

72.1 6.5

73.5 6.5

74.2 5.4

73.5 3.9

73.1 1.3

72.8 -0.9

72.4 -2.4

71.7 -2.5

71.3 -2.5

70.7 -2.9

70.3 -3.0

70.1 -2.3

1368.2 5.2

1376.2 4.3

1376.3 2.5

1374.2 1.5

1365.3 -0.2

1352.8 -1.7

1340.5 -2.6

1331.1 -3.1

1324.9 -3.0

1320.9 -2.4

1321.4 -1.4

1322.1 -0.7

1325.5 0.0

87.7 2.7

88.7 3.9

88.8 2.9

89.0 1.3

88.5 0.9

88.0 -0.8

87.4 -1.5

86.9 -2.3

86.5 -2.2

86.0 -2.2

85.8 -1.9

85.6 -1.5

85.5 -1.1

272.6 6.5

272.8 5.7

271.8 3.9

267.1 1.0

265.1 -2.8

265.0 -2.9

262.2 -3.6

261.4 -2.1

259.2 -2.2

255.3 -3.7

254.1 -3.1

252.1 -3.5

250.6 -3.3

60.5 167.3 44.8

61.0 166.1 45.7

61.0 164.8 46.0

61.4 159.7 46.1

62.0 156.6 46.5

61.5 157.3 46.3

61.4 154.5 46.2

61.5 153.5 46.4

62.1 150.3 46.8

62.4 145.6 47.2

62.6 144.2 47.2

62.9 141.9 47.3

63.2 139.8 47.6

27.8 8.9

28.4 9.8

27.8 0.5

27.3 -2.0

27.1 -2.5

26.6 -6.5

25.4 -8.6

24.2 -11.1

23.5 -13.2

23.6 -11.2

23.9 -5.9

24.0 -1.1

24.2 3.0

135.6 6.7

136.8 6.9

137.4 6.2

137.8 4.0

138.1 1.9

136.3 -0.4

135.8 -1.2

136.3 -1.1

137.5 -0.5

138.7 1.8

139.5 2.7

140.3 2.9

141.0 2.6

272.5 6.7

273.3 5.4

272.1 1.6

265.9 -1.8

258.0 -5.3

245.2 -10.3

234.0 -14.0

224.7 -15.5

218.1 -15.5

213.4 -13.0

211.0 -9.8

210.5 -6.3

212.6 -2.5

219.3 1.5

221.0 2.2

221.3 1.2

220.2 0.0

220.0 0.3

219.2 -0.8

219.4 -0.9

220.4 0.1

222.3 1.0

223.6 2.0

224.7 2.4

225.3 2.2

226.3 1.8

155.2 13.0

156.2 4.6

156.7 2.0

164.9 9.2

166.2 7.1

170.0 8.9

173.7 10.9

173.8 5.4

173.5 4.4

174.8 2.8

176.2 1.4

177.2 1.9

177.1 2.1

45.0 3.4

45.6 2.0

46.0 1.4

46.2 0.7

46.1 2.5

45.6 0.1

45.5 -1.2

45.7 -1.0

46.1 0.0

46.6 2.1

47.0 3.3

47.4 3.6

47.7 3.4

29.5 2.9

29.4 2.7

29.3 2.8

29.3 0.7

29.2 -1.1

29.1 -0.8

29.1 -0.7

29.1 -0.5

29.1 -0.3

29.1 -0.1

29.2 0.1

29.2 0.3

29.2 0.5

123.1 -1.7

123.9 0.1

125.2 0.8

126.4 2.2

127.0 3.2

127.8 3.2

128.0 2.3

128.6 1.7

129.2 1.7

129.7 1.5

130.2 1.7

130.6 1.6

131.2 1.6

3246.7 1.1

3256.4 1.1

3266.3 1.2

3276.0 1.2

3285.4 1.2

3294.6 1.2

3303.4 1.1

3312.4 1.1

3321.4 1.1

3330.5 1.1

3339.6 1.1

3348.8 1.1

3357.8 1.1

1601.1 3.0

1610.6 2.5

1621.7 2.4

1630.8 2.7

1637.0 2.2

1643.2 2.0

1647.5 1.6

1652.0 1.3

1653.6 1.0

1654.7 0.7

1655.8 0.5

1658.3 0.4

1659.9 0.4

3.1

3.3

3.6

4.0

4.4

4.9

5.4

5.8

6.0

6.0

6.0

6.1

5.9

Other Economic Indicators Population (Ths) Pct Chg Year Ago Labor Force (Ths) Pct Chg Year Ago Unemployment Rate (%) Total Housing Starts Single-Family Multifamily

20069.4 20902.8 20415.5 19787.1 20323.4 21098.1 21876.2 22198.2 22290.3 22495.2 23312.2 23306.5 23296.2 16363.5 15826.8 15841.7 15274.1 15258.6 15555.5 15908.5 15975.2 15980.4 15968.8 16575.7 16478.4 16475.8 3705.9 5076.0 4573.8 4513.0 5064.7 5542.6 5967.7 6223.0 6309.9 6526.4 6736.5 6828.0 6820.4

Institute for Economic Forecasting

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Industry Location Quotient

3min
pages 150-152

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

13min
pages 144-148

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

4min
page 149

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

11min
pages 139-143

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

12min
pages 124-128

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

12min
pages 134-138

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

12min
pages 119-123

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

12min
pages 129-133

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

12min
pages 104-108

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

12min
pages 109-113

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

11min
pages 114-118

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

11min
pages 99-103

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

12min
pages 94-98

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

12min
pages 84-88

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

12min
pages 89-93

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

12min
pages 79-83

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

11min
pages 59-63

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

12min
pages 64-68

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

11min
pages 69-73

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

12min
pages 74-78

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

11min
pages 54-58

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

13min
pages 44-48

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

1min
page 23

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

12min
pages 39-43

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

11min
pages 29-33

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

11min
pages 24-28

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

11min
pages 49-53

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

12min
pages 34-38

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

13min
pages 13-18
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