M iami - M iami B each - K endall
Short Term Outlook for Miami-Miami Beach-Kendall, FL (Division of Miami-Fort Lauderdale MSA)
June 2022 Forecast
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
Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
173.8 -0.2 91.6 82.2
175.2 5.4 93.1 82.1
177.0 5.2 93.9 83.1
177.9 3.8 94.5 83.3
178.6 2.7 94.9 83.6
179.2 2.3 94.9 84.2
179.6 1.5 95.0 84.6
179.8 1.1 94.9 84.9
180.9 1.3 95.0 85.8
182.2 1.7 95.5 86.7
184.0 2.4 96.4 87.6
185.7 3.3 97.2 88.5
187.7 3.8 98.2 89.5
Real Personal Income (12$) Pct Chg Year Ago
131.2 -6.0
130.6 -0.5
130.7 -0.4
130.5 -0.8
130.3 -0.7
130.2 -0.4
129.9 -0.6
129.6 -0.8
129.8 -0.4
130.3 0.1
131.0 0.8
131.6 1.6
132.3 1.9
Per Capita Income (Ths) Real Per Capita Income (12$)
65.5 49.5
66.1 49.3
66.8 49.3
67.1 49.3
67.4 49.2
67.6 49.1
67.6 48.9
67.6 48.7
67.9 48.7
68.2 48.8
68.8 49.0
69.3 49.1
69.9 49.3
Average Annual Wage (Ths) Pct Chg Year Ago
74.3 10.3
75.1 7.6
75.8 6.0
76.3 4.3
76.8 3.3
77.3 2.9
78.0 2.8
78.5 2.9
79.1 3.0
79.8 3.2
80.5 3.2
81.1 3.3
81.8 3.3
Personal Income (Billions $)
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
1225.8 6.8
1231.8 5.8
1231.5 3.4
1231.7 2.0
1228.8 0.2
1220.4 -0.9
1211.8 -1.6
1202.2 -2.4
1194.2 -2.8
1190.1 -2.5
1190.5 -1.8
1191.3 -0.9
1194.3 0.0
Manufacturing Pct Chg Year Ago
42.4 4.1
43.3 7.1
43.9 9.2
44.4 6.5
43.7 3.2
43.3 0.1
42.9 -2.3
42.5 -4.3
41.9 -4.1
41.5 -4.1
41.0 -4.3
40.6 -4.4
40.4 -3.6
Nonmanufacturing Pct Chg Year Ago
1183.5 6.9
1188.5 5.7
1187.6 3.2
1187.3 1.8
1185.1 0.1
1177.1 -1.0
1168.9 -1.6
1159.6 -2.3
1152.3 -2.8
1148.6 -2.4
1149.5 -1.7
1150.7 -0.8
1153.8 0.1
53.3 0.6
54.1 4.7
54.3 5.0
54.5 2.1
54.2 1.6
53.7 -0.7
53.1 -2.3
52.4 -3.9
51.9 -4.3
51.5 -4.1
51.5 -3.1
51.4 -1.8
51.5 -0.6
Trade, Trans, & Utilities Pct Chg Year Ago
309.7 6.8
310.0 6.5
308.0 4.1
303.2 0.3
301.1 -2.8
299.6 -3.4
295.8 -4.0
293.5 -3.2
290.7 -3.4
287.5 -4.1
286.7 -3.1
285.5 -2.7
285.0 -2.0
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
77.5 140.6 91.6
77.9 138.7 93.3
77.7 136.6 93.7
77.8 132.1 93.4
78.1 129.4 93.7
77.1 129.7 92.9
76.5 126.9 92.4
76.0 125.2 92.3
76.2 121.9 92.6
76.5 117.8 93.1
76.8 116.7 93.2
77.3 114.8 93.4
77.9 113.2 94.0
Information Pct Chg Year Ago
20.6 6.0
21.2 7.5
21.0 1.5
20.7 1.4
20.6 -0.1
20.4 -3.9
19.7 -6.4
18.9 -9.1
18.4 -10.7
18.5 -9.5
18.6 -5.2
18.7 -1.1
18.8 2.3
Financial Activities Pct Chg Year Ago
87.3 5.0
87.5 5.0
87.3 1.9
87.1 0.2
87.0 -0.4
86.1 -1.6
85.7 -1.8
85.5 -1.8
85.7 -1.5
86.0 -0.1
86.3 0.7
86.4 1.1
86.4 0.8
Prof & Business Services Pct Chg Year Ago
197.5 10.2
198.6 9.5
198.4 6.8
195.6 1.5
192.4 -2.6
185.9 -6.4
180.0 -9.3
174.4 -10.8
170.0 -11.7
167.5 -9.9
166.0 -7.8
166.2 -4.7
167.7 -1.3
Educ & Health Services Pct Chg Year Ago
197.4 4.1
198.7 4.0
198.9 2.3
198.4 1.5
198.4 0.5
197.5 -0.6
197.8 -0.5
198.1 -0.2
198.8 0.2
199.0 0.8
199.6 0.9
199.8 0.9
200.7 1.0
Leisure & Hospitality Pct Chg Year Ago
130.1 19.6
130.4 6.1
131.0 -0.3
138.7 8.1
142.0 9.1
144.6 10.8
147.8 12.8
147.9 6.7
147.6 4.0
148.8 2.9
149.9 1.4
150.7 1.9
150.7 2.1
Other Services Pct Chg Year Ago
48.3 6.0
48.7 4.2
48.8 4.3
48.8 2.8
48.9 1.2
48.4 -0.5
48.2 -1.3
48.1 -1.3
48.3 -1.3
48.6 0.5
49.1 1.9
49.4 2.6
49.7 3.0
Federal Government Pct Chg Year Ago
22.1 3.5
21.9 5.1
21.7 3.8
21.6 -1.0
21.4 -3.1
21.3 -2.8
21.1 -2.7
21.0 -2.6
20.9 -2.5
20.9 -2.0
20.9 -1.1
21.0 -0.1
21.0 0.8
117.0 0.2
117.4 1.7
118.1 0.8
118.7 1.2
119.1 1.7
119.7 2.0
119.8 1.4
119.9 1.0
120.1 0.9
120.4 0.6
121.0 1.0
121.5 1.4
122.2 1.8
Population (Ths) Pct Chg Year Ago
2651.8 -0.7
2650.1 -0.5
2649.0 -0.3
2648.7 -0.2
2649.7 -0.1
2651.5 0.1
2655.5 0.2
2660.5 0.4
2665.5 0.6
2670.5 0.7
2675.6 0.8
2680.8 0.8
2686.4 0.8
Labor Force (Ths) Pct Chg Year Ago
1324.0 2.5
1325.6 1.4
1327.2 0.7
1327.7 1.1
1327.8 0.3
1327.7 0.2
1325.5 -0.1
1322.5 -0.4
1321.3 -0.5
1323.0 -0.4
1326.7 0.1
1330.2 0.6
1334.4 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
74
3.5
3.4
3.7
3.9
4.3
4.8
5.2
5.5
5.7
5.8
5.9
6.0
6.0
12111.5 2826.5 9284.9
13037.1 2838.2 10198.9
12191.6 2912.6 9279.0
11429.2 2782.0 8647.2
11177.5 2686.7 8490.7
10832.4 2683.9 8148.5
10564.5 2702.6 7861.8
10160.2 2682.7 7477.5
9797.9 2652.9 7145.1
9653.4 2620.2 7033.2
9796.0 2700.5 7095.5
9795.4 2662.2 7133.2
9734.3 2646.4 7087.9
Florida & Metro Forecast / Spring 2022
