P ensacola – F err y P ass – B rent
Short Term Outlook for Pensacola-Ferry Pass-Brent, FL March 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
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
27.0 -2.7 12.4 14.6
27.5 4.1 12.7 14.9
27.9 5.3 12.8 15.1
28.1 4.6 12.9 15.2
28.4 5.1 13.0 15.4
28.8 4.5 13.2 15.6
29.2 4.5 13.3 15.9
29.6 5.1 13.5 16.1
30.0 5.4 13.7 16.3
30.3 5.2 13.8 16.5
30.7 5.2 14.0 16.7
31.0 5.0 14.1 16.9
31.4 4.9 14.3 17.2
Real Personal Income (12$) Pct Chg Year Ago
24.1 -7.8
24.4 -0.5
24.6 1.4
24.7 2.0
24.9 3.2
25.1 2.8
25.3 2.8
25.5 3.3
25.7 3.5
25.9 3.3
26.1 3.2
26.3 3.0
26.5 2.9
Per Capita Income (Ths) Real Per Capita Income (12$)
51.7 46.1
52.5 46.5
53.1 46.8
53.4 46.9
53.8 47.1
54.4 47.4
54.9 47.6
55.5 47.9
56.1 48.2
56.6 48.4
57.2 48.7
57.7 48.9
58.3 49.2
Average Annual Wage (Ths) Pct Chg Year Ago
59.7 8.3
60.3 4.6
60.7 3.3
61.0 2.8
61.4 2.9
61.8 2.4
62.1 2.3
62.9 3.0
63.6 3.5
64.3 4.1
65.0 4.6
65.6 4.4
66.4 4.3
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
193.0 4.2
195.3 5.1
196.5 5.1
197.0 3.5
197.4 2.3
198.7 1.7
199.5 1.5
199.9 1.5
200.2 1.4
200.3 0.8
200.5 0.5
200.6 0.4
200.6 0.2
Manufacturing Pct Chg Year Ago
7.1 2.8
7.1 3.4
7.1 0.8
7.2 0.8
7.1 0.3
7.1 0.2
7.1 0.4
7.1 -0.5
7.1 -0.7
7.0 -1.5
7.0 -2.1
6.9 -2.4
6.9 -2.5
Nonmanufacturing Pct Chg Year Ago
185.9 4.2
188.2 5.2
189.4 5.2
189.9 3.6
190.3 2.4
191.5 1.8
192.3 1.5
192.8 1.5
193.1 1.5
193.3 0.9
193.5 0.6
193.7 0.5
193.7 0.3
Construction & Mining Pct Chg Year Ago
12.8 6.0
12.8 4.9
12.8 1.9
12.7 -1.4
12.7 -1.1
12.5 -1.9
12.4 -3.0
12.3 -3.6
12.1 -4.1
12.0 -4.1
11.9 -3.9
11.8 -3.6
11.7 -3.3
Trade, Trans, & Utilities Pct Chg Year Ago
35.4 3.3
35.9 5.8
35.7 4.0
34.9 -0.5
34.5 -2.4
34.9 -2.6
34.8 -2.3
34.9 0.1
34.7 0.5
34.1 -2.3
34.0 -2.5
34.0 -2.6
33.9 -2.4
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
5.8 24.8 4.8
5.8 25.2 4.9
6.0 24.7 5.0
6.0 23.9 5.0
6.0 23.5 5.0
6.0 23.9 5.0
6.0 23.9 5.0
6.0 23.9 5.0
6.1 23.5 5.1
6.2 22.9 5.1
6.2 22.7 5.1
6.2 22.6 5.1
6.3 22.4 5.2
Information Pct Chg Year Ago
1.5 0.2
1.5 -0.8
1.5 -3.4
1.5 -0.8
1.5 -2.6
1.5 -1.2
1.4 -1.1
1.4 -3.2
1.4 -1.9
1.5 -0.6
1.5 2.4
1.5 4.3
1.5 4.7
Financial Activities Pct Chg Year Ago
16.3 6.2
16.4 7.5
16.7 5.3
16.7 2.7
16.9 3.7
17.0 3.7
17.2 3.0
17.3 4.0
17.6 3.6
17.8 4.6
17.9 4.4
18.0 4.1
18.2 3.5
Prof & Business Services Pct Chg Year Ago
26.0 -0.9
26.3 2.5
26.6 5.5
26.7 2.4
26.9 3.4
26.7 1.6
26.6 0.0
26.7 0.0
26.9 0.1
27.0 1.2
27.0 1.5
27.0 1.2
27.1 0.7
Educ & Health Services Pct Chg Year Ago
31.6 2.2
31.7 2.2
31.8 1.6
31.8 1.0
31.9 1.0
32.1 1.5
32.4 1.8
32.6 2.6
32.9 3.0
33.1 2.9
33.2 2.5
33.3 2.0
33.4 1.4
Leisure & Hospitality Pct Chg Year Ago
26.7 14.9
27.7 12.0
28.2 15.9
29.3 18.2
29.5 10.4
30.2 9.1
30.9 9.8
30.9 5.3
30.7 4.0
30.8 1.9
30.9 -0.2
30.8 -0.1
30.6 -0.1
Other Services Pct Chg Year Ago
6.8 3.5
6.9 4.7
7.1 7.5
7.1 8.2
7.1 4.6
7.0 1.7
7.1 -0.2
7.1 0.3
7.2 0.9
7.2 2.9
7.3 3.5
7.4 3.9
7.5 4.1
Federal Government Pct Chg Year Ago
7.0 4.1
7.1 7.2
7.1 8.2
7.1 2.4
7.2 2.1
7.2 1.4
7.2 0.8
7.2 0.3
7.2 -0.1
7.1 -0.4
7.1 -0.4
7.1 -0.5
7.1 -0.8
21.8 1.4
22.0 2.5
22.1 1.1
22.1 1.4
22.2 1.7
22.3 1.4
22.4 1.2
22.5 1.5
22.5 1.5
22.6 1.4
22.7 1.5
22.8 1.5
22.8 1.4
Population (Ths) Pct Chg Year Ago
523.2 1.2
524.5 1.1
525.6 1.0
526.7 0.9
528.1 0.9
529.5 1.0
531.1 1.0
532.5 1.1
533.7 1.1
534.9 1.0
536.2 1.0
537.4 0.9
538.6 0.9
Labor Force (Ths) Pct Chg Year Ago
244.1 4.6
246.8 3.5
249.0 3.9
250.7 4.1
251.5 3.0
252.4 2.2
252.8 1.5
253.0 0.9
253.0 0.6
253.0 0.2
252.9 0.0
252.9 -0.1
252.3 -0.3
State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
4.0
4.0
3.9
4.0
3.8
3.8
3.7
3.6
3.5
3.5
3.4
3.2
3.1
3475.8 2907.9 567.9
3247.0 2772.7 474.3
3082.3 2734.2 348.1
2996.7 2689.4 307.3
2881.1 2635.7 245.4
2792.6 2580.5 212.0
2734.7 2543.9 190.8
2689.2 2494.4 194.8
2634.9 2438.6 196.3
2606.0 2409.5 196.5
2564.8 2369.9 194.9
2553.4 2351.8 201.6
2541.8 2352.6 189.2
Institute for Economic Forecasting
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