T allahassee
Short Term Outlook for Tallahassee, 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 $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
19.9 -2.0 10.6 9.3
20.3 4.0 10.8 9.4
20.5 4.8 11.0 9.6
20.7 4.4 11.1 9.6
20.9 5.1 11.1 9.8
21.2 4.4 11.3 9.9
21.4 4.2 11.4 10.1
21.7 4.9 11.5 10.2
22.0 5.3 11.6 10.4
22.3 5.4 11.8 10.5
22.6 5.6 12.0 10.7
22.9 5.6 12.1 10.8
23.2 5.5 12.2 11.0
Real Personal Income (12$) Pct Chg Year Ago
17.8 -7.2
18.1 -0.6
18.2 0.9
18.3 1.8
18.4 3.2
18.5 2.7
18.7 2.5
18.9 3.1
19.0 3.4
19.2 3.4
19.3 3.6
19.5 3.5
19.7 3.5
Per Capita Income (Ths) Real Per Capita Income (12$)
51.8 46.4
52.8 47.1
53.6 47.5
54.1 47.8
54.7 48.1
55.4 48.5
56.0 48.9
56.7 49.3
57.5 49.6
58.1 50.0
58.8 50.3
59.6 50.7
60.3 51.1
Average Annual Wage (Ths) Pct Chg Year Ago
57.7 8.2
58.3 4.6
58.6 3.2
58.9 2.8
59.3 2.8
59.6 2.3
59.9 2.2
60.6 2.8
61.2 3.2
61.8 3.7
62.5 4.3
63.1 4.2
63.7 4.1
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
183.7 2.6
185.5 3.0
186.5 3.0
186.9 2.6
187.3 2.0
188.2 1.4
188.8 1.2
189.2 1.2
189.7 1.2
190.2 1.1
190.7 1.0
191.2 1.1
191.5 1.0
Manufacturing Pct Chg Year Ago
3.6 2.1
3.6 2.5
3.6 -0.4
3.6 0.1
3.6 -0.4
3.6 -0.5
3.6 -0.1
3.6 -0.5
3.5 -0.5
3.5 -1.0
3.5 -1.3
3.5 -1.4
3.5 -1.5
Nonmanufacturing Pct Chg Year Ago
180.1 2.6
181.9 3.0
182.9 3.0
183.4 2.6
183.8 2.0
184.6 1.5
185.2 1.3
185.6 1.2
186.1 1.3
186.6 1.1
187.2 1.0
187.7 1.1
188.0 1.0
8.8 4.5
8.8 5.7
8.8 2.7
8.8 -0.8
8.7 -0.3
8.7 -1.0
8.6 -2.0
8.5 -2.6
8.5 -2.9
8.4 -2.8
8.4 -2.4
8.4 -2.0
8.3 -2.0
Trade, Trans, & Utilities Pct Chg Year Ago
24.9 4.0
25.1 4.6
24.9 3.4
24.3 -1.8
24.1 -3.1
24.4 -2.9
24.3 -2.4
24.3 0.0
24.1 0.1
23.7 -2.8
23.6 -3.0
23.6 -3.1
23.5 -2.6
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
3.7 18.6 2.5
3.7 18.8 2.6
3.8 18.4 2.6
3.8 17.8 2.6
3.9 17.5 2.7
3.9 17.8 2.7
3.9 17.7 2.7
3.9 17.7 2.7
4.0 17.4 2.7
4.1 16.8 2.8
4.1 16.6 2.8
4.2 16.6 2.8
4.2 16.4 2.9
Information Pct Chg Year Ago
3.0 0.8
3.0 -1.8
2.9 -4.2
3.0 1.0
2.9 -2.3
2.9 -1.2
2.9 -1.5
2.8 -4.5
2.9 -3.0
2.9 -1.5
2.9 1.7
2.9 3.7
3.0 4.6
Financial Activities Pct Chg Year Ago
7.7 1.2
7.7 2.0
7.8 1.1
7.8 0.7
7.9 3.3
7.9 2.4
7.9 1.0
7.9 1.1
7.9 0.5
8.0 1.5
8.0 1.5
8.0 1.7
8.1 1.5
Prof & Business Services Pct Chg Year Ago
22.3 -2.8
22.4 0.4
22.7 2.4
22.8 0.9
22.9 2.6
22.7 1.5
22.7 -0.1
22.7 -0.2
23.0 0.3
23.1 1.8
23.2 2.5
23.4 2.7
23.4 2.0
Educ & Health Services Pct Chg Year Ago
25.7 5.0
25.8 4.5
25.8 1.9
25.6 0.3
25.6 -0.7
25.6 -0.9
25.6 -1.0
25.7 0.2
25.9 1.4
26.1 2.3
26.3 2.8
26.4 2.8
26.5 2.4
Leisure & Hospitality Pct Chg Year Ago
19.6 15.3
20.3 5.8
20.6 10.0
21.5 16.8
21.7 10.3
22.3 9.8
22.9 11.5
23.0 7.3
23.0 6.1
23.3 4.1
23.4 2.2
23.6 2.4
23.5 2.1
9.7 6.9
9.9 7.2
10.2 10.1
10.2 8.8
10.2 5.2
10.1 2.0
10.2 0.1
10.3 0.7
10.4 1.9
10.6 4.6
10.7 5.7
10.9 6.4
11.1 6.4
Federal Government Pct Chg Year Ago
2.1 -0.4
2.1 2.0
2.2 3.4
2.2 1.2
2.2 1.0
2.2 0.7
2.2 0.4
2.2 0.2
2.2 0.2
2.2 0.1
2.2 0.1
2.2 0.2
2.2 0.0
State & Local Government Pct Chg Year Ago
56.3 -1.3
56.8 1.2
57.1 0.9
57.3 1.6
57.6 2.3
57.8 1.9
58.1 1.6
58.2 1.5
58.3 1.2
58.4 0.9
58.4 0.6
58.4 0.4
58.5 0.4
Population (Ths) Pct Chg Year Ago
384.1 0.0
383.7 -0.1
383.1 -0.3
382.7 -0.4
382.4 -0.4
382.3 -0.4
382.3 -0.2
382.7 0.0
383.2 0.2
383.8 0.4
384.3 0.5
385.0 0.6
385.6 0.6
Labor Force (Ths) Pct Chg Year Ago
199.9 4.0
201.5 2.8
202.5 2.3
203.2 2.5
203.6 1.9
204.0 1.3
204.1 0.8
204.3 0.5
204.2 0.3
204.4 0.2
204.7 0.3
205.0 0.3
205.0 0.4
Construction & Mining Pct Chg Year Ago
Other Services Pct Chg Year Ago
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
134
4.2
4.3
4.1
3.9
3.8
3.8
3.7
3.7
3.5
3.4
3.4
3.2
3.2
2731.5 1583.3 1148.2
2500.0 1539.6 960.4
2361.6 1526.5 835.1
2265.3 1486.4 778.9
2232.8 1455.1 777.7
2198.5 1411.4 787.1
2204.2 1389.6 814.6
2180.5 1364.4 816.2
2158.5 1332.4 826.1
2151.0 1328.0 823.0
2141.9 1324.9 816.9
2132.7 1306.7 826.0
2136.0 1314.2 821.7
Florida & Metro Forecast / Winter 2022
