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

Page 29

CAPE CORAL - FORT MYERS

Short Term Outlook for Cape Coral-Fort Myers, 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

48.7 -1.8 18.2 30.4

49.5 6.1 18.6 30.9

50.5 7.1 18.9 31.6

51.1 6.8 19.0 32.1

51.5 5.8 19.1 32.4

52.0 5.1 19.2 32.8

52.5 4.0 19.3 33.2

53.1 3.8 19.4 33.7

53.7 4.3 19.5 34.2

54.2 4.3 19.6 34.6

54.8 4.4 19.8 35.0

55.4 4.5 20.0 35.5

56.1 4.5 20.1 36.0

40.8 -7.5

41.0 0.1

41.4 1.4

41.7 2.0

41.8 2.3

42.0 2.4

42.2 1.9

42.5 1.9

42.8 2.6

43.1 2.6

43.4 2.7

43.7 2.7

44.0 2.7

60.9 51.1

61.6 51.1

62.6 51.4

63.1 51.5

63.3 51.4

63.6 51.3

63.9 51.4

64.3 51.5

64.8 51.6

65.0 51.7

65.4 51.8

65.9 51.9

66.4 52.0

62.4 11.1

62.9 7.5

63.3 5.1

63.7 3.9

64.0 2.4

64.3 2.1

64.7 2.2

65.5 2.9

66.1 3.3

66.8 3.9

67.4 4.1

67.9 3.7

68.4 3.5

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

290.4 5.4

294.3 4.7

296.5 3.4

297.3 3.4

297.2 2.3

297.2 1.0

296.5 0.0

295.1 -0.7

293.7 -1.2

292.8 -1.5

292.7 -1.3

292.9 -0.7

293.1 -0.2

7.3 6.9

7.6 7.7

7.7 7.8

7.8 7.6

7.8 7.2

7.8 3.4

7.8 1.0

7.7 -1.2

7.6 -2.4

7.5 -3.4

7.5 -3.9

7.4 -4.1

7.4 -3.5

283.1 5.4

286.8 4.6

288.8 3.3

289.5 3.3

289.4 2.2

289.4 0.9

288.7 0.0

287.4 -0.7

286.1 -1.1

285.2 -1.5

285.2 -1.2

285.5 -0.7

285.7 -0.1

35.0 3.4

35.8 5.1

35.8 4.5

35.7 1.8

35.2 0.7

34.7 -3.1

34.0 -5.0

33.5 -6.1

33.1 -6.2

32.7 -5.8

32.4 -4.8

32.2 -4.0

32.0 -3.1

57.9 4.4

57.8 4.1

57.8 2.8

56.8 -0.3

56.4 -2.5

56.7 -1.9

56.4 -2.5

56.2 -1.1

55.6 -1.5

54.5 -3.9

54.1 -4.0

53.8 -4.3

53.5 -3.6

8.4 42.9 6.5

8.6 42.6 6.6

8.7 42.5 6.6

8.8 41.4 6.6

8.9 40.8 6.7

8.9 41.1 6.7

8.9 40.8 6.8

8.9 40.5 6.8

9.0 39.6 6.9

9.1 38.3 7.0

9.1 37.9 7.1

9.2 37.5 7.1

9.2 37.1 7.2

3.1 4.9

3.4 11.3

3.3 3.9

3.2 2.8

3.1 -0.1

3.0 -10.5

2.8 -12.6

2.7 -15.2

2.6 -16.2

2.6 -14.7

2.6 -9.2

2.6 -4.4

2.6 0.0

14.9 8.9

14.9 6.0

15.0 3.1

15.1 4.4

15.4 3.3

15.4 3.1

15.4 2.9

15.5 2.4

15.6 1.1

15.7 2.2

15.8 2.0

15.8 2.0

15.8 1.7

42.3 9.0

43.0 8.1

43.3 4.5

42.9 5.1

42.4 0.2

41.1 -4.4

39.8 -8.2

38.7 -10.0

37.9 -10.7

37.3 -9.1

36.9 -7.3

36.8 -4.9

37.0 -2.2

32.9 4.4

33.3 4.9

33.5 5.2

33.5 1.6

33.5 2.0

33.6 0.9

33.6 0.2

33.7 0.6

34.0 1.5

34.2 2.0

34.4 2.5

34.5 2.3

34.6 1.7

40.9 6.2

41.9 0.3

42.5 0.2

44.3 7.6

44.9 9.9

46.5 10.8

47.7 12.1

47.9 8.1

47.8 6.5

48.4 4.1

48.9 2.5

49.3 3.0

49.2 2.8

11.6 4.9

11.8 4.5

11.9 3.1

11.9 3.1

12.0 3.8

11.9 1.1

12.0 1.0

12.1 1.8

12.3 2.8

12.6 5.2

12.7 5.9

12.9 6.4

13.1 6.1

2.5 5.7

2.5 3.6

2.5 8.5

2.6 4.1

2.6 4.0

2.6 3.9

2.6 2.8

2.6 1.8

2.6 1.1

2.6 0.4

2.6 -0.2

2.6 -0.6

2.6 -0.8

42.1 3.8

42.5 4.8

43.1 3.4

43.5 4.3

43.8 3.9

44.1 3.8

44.3 2.9

44.4 2.2

44.6 1.9

44.7 1.5

44.9 1.2

45.0 1.2

45.2 1.4

799.2 2.2

802.6 1.9

806.2 1.8

809.5 1.7

813.2 1.8

817.3 1.8

821.6 1.9

825.4 2.0

829.4 2.0

833.5 2.0

837.5 1.9

841.6 2.0

845.6 2.0

361.8 3.8

365.2 2.4

369.5 2.1

372.5 3.1

374.0 3.4

375.5 2.8

376.5 1.9

377.5 1.3

377.9 1.0

378.1 0.7

378.6 0.6

379.4 0.5

379.9 0.5

3.1

3.2

3.4

3.7

4.0

4.4

4.8

5.1

5.4

5.6

5.6

5.7

5.7

13309.4 12508.3 11567.1 10533.1 10084.6 11055.3 9459.3 8531.1 7366.1 6650.2 2254.1 3049.1 3035.9 3167.0 3434.4

9816.0 6205.1 3610.9

9642.6 5931.5 3711.1

9601.5 5787.5 3814.0

9404.0 5759.5 3644.6

9410.5 5713.7 3696.7

9755.6 5935.4 3820.3

9840.1 5941.5 3898.6

9917.3 5991.1 3926.2

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

Institute for Economic Forecasting

29


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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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