T ampa – S t . P etersburg – C learwater
Short Term Outlook for Tampa-St. Petersburg-Clearwater, 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 $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
187.3 -2.1 99.7 87.7
190.8 4.5 102.0 88.9
193.9 5.2 103.6 90.3
196.0 5.2 104.7 91.2
198.4 5.9 105.9 92.6
201.0 5.3 107.0 94.0
203.7 5.1 108.1 95.5
206.4 5.3 109.4 96.9
209.5 5.6 110.9 98.6
212.2 5.6 112.3 100.0
214.9 5.5 113.6 101.3
217.7 5.5 114.9 102.8
220.8 5.4 116.4 104.4
Real Personal Income (12$) Pct Chg Year Ago
157.9 -7.3
159.9 -0.1
161.6 1.3
162.8 2.6
164.2 4.0
165.6 3.6
167.0 3.4
168.5 3.5
170.2 3.7
171.6 3.6
172.9 3.5
174.3 3.5
175.9 3.3
Per Capita Income (Ths) Real Per Capita Income (12$)
57.7 48.7
58.6 49.1
59.4 49.5
59.9 49.7
60.4 50.0
61.0 50.3
61.7 50.6
62.4 50.9
63.1 51.3
63.8 51.6
64.4 51.8
65.1 52.1
65.8 52.4
Average Annual Wage (Ths) Pct Chg Year Ago
68.8 7.3
69.8 5.1
70.5 4.4
70.9 4.0
71.5 3.9
72.0 3.1
72.5 2.9
73.1 3.2
73.8 3.3
74.5 3.5
75.1 3.6
75.8 3.7
76.6 3.8
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
1436.3 5.3
1447.2 5.1
1457.1 3.6
1464.9 3.0
1468.8 2.3
1473.5 1.8
1478.3 1.5
1483.9 1.3
1490.0 1.4
1494.8 1.4
1499.3 1.4
1503.2 1.3
1506.7 1.1
Manufacturing Pct Chg Year Ago
68.3 0.9
68.5 2.9
68.5 1.2
68.8 1.4
68.5 0.2
68.6 0.1
68.7 0.2
68.8 0.0
68.8 0.5
68.8 0.4
68.8 0.1
68.7 -0.1
68.5 -0.4
Nonmanufacturing Pct Chg Year Ago
1368.0 5.5
1378.7 5.2
1388.5 3.7
1396.1 3.1
1400.3 2.4
1404.9 1.9
1409.6 1.5
1415.2 1.4
1421.2 1.5
1426.0 1.5
1430.5 1.5
1434.5 1.4
1438.1 1.2
88.1 2.4
88.2 2.7
88.4 1.0
88.5 0.8
88.7 0.6
88.6 0.4
88.5 0.1
88.3 -0.3
88.2 -0.5
88.2 -0.5
88.1 -0.4
88.2 -0.1
88.4 0.2
Trade, Trans, & Utilities Pct Chg Year Ago
266.2 4.7
269.6 5.9
269.1 4.2
265.1 0.9
263.6 -1.0
266.0 -1.3
264.9 -1.5
265.5 0.2
264.3 0.3
261.2 -1.8
260.4 -1.7
259.8 -2.1
259.0 -2.0
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
58.4 162.8 45.0
59.0 165.0 45.6
61.3 161.0 46.7
62.1 156.1 46.9
62.9 153.2 47.5
62.8 155.7 47.4
63.1 154.2 47.5
63.6 154.0 47.9
64.4 151.5 48.4
65.1 147.1 48.9
65.5 145.8 49.1
66.0 144.4 49.4
66.5 142.7 49.9
Information Pct Chg Year Ago
25.4 5.5
25.5 6.0
25.6 1.8
25.9 3.2
26.1 2.7
26.3 3.4
25.9 1.0
25.6 -1.3
25.7 -1.6
26.0 -1.1
26.3 1.6
26.5 3.6
26.8 4.1
Financial Activities Pct Chg Year Ago
132.7 4.8
133.6 8.1
136.0 6.0
135.8 3.1
135.7 2.3
134.1 0.4
133.7 -1.7
134.2 -1.2
135.3 -0.3
136.5 1.8
137.3 2.7
138.2 2.9
138.9 2.7
Prof & Business Services Pct Chg Year Ago
275.3 6.6
275.7 5.5
279.5 3.1
281.0 2.6
284.1 3.2
283.4 2.8
285.2 2.1
288.1 2.5
291.7 2.7
294.1 3.8
295.3 3.5
296.4 2.9
298.0 2.1
Educ & Health Services Pct Chg Year Ago
220.7 3.8
222.2 5.3
223.2 3.4
221.9 0.8
222.4 0.8
222.3 0.1
223.1 -0.1
224.2 1.0
225.9 1.6
227.3 2.3
228.5 2.4
229.3 2.3
230.4 2.0
Leisure & Hospitality Pct Chg Year Ago
156.0 15.0
157.9 3.5
158.4 4.2
168.0 11.1
169.4 8.6
173.8 10.1
177.9 12.3
178.2 6.1
178.0 5.1
179.8 3.5
181.1 1.8
182.0 2.1
181.6 2.0
Other Services Pct Chg Year Ago
51.0 11.2
52.2 8.1
53.6 7.9
54.0 7.7
54.1 6.0
53.5 2.6
53.4 -0.5
53.5 -1.0
53.9 -0.4
54.3 1.5
54.7 2.4
55.0 2.7
55.4 2.8
Federal Government Pct Chg Year Ago
28.3 0.0
28.3 2.6
28.3 2.0
28.3 -0.4
28.3 0.0
28.4 0.1
28.4 0.3
28.4 0.3
28.5 0.4
28.5 0.4
28.5 0.4
28.6 0.5
28.6 0.5
124.2 -0.5
125.6 3.2
126.5 2.3
127.4 3.3
127.9 3.0
128.5 2.3
128.7 1.7
129.2 1.5
129.7 1.4
130.1 1.3
130.4 1.4
130.8 1.2
131.2 1.2
Population (Ths) Pct Chg Year Ago
3244.8 1.1
3254.5 1.1
3264.3 1.2
3273.9 1.2
3283.1 1.2
3292.3 1.2
3300.9 1.1
3309.7 1.1
3318.5 1.1
3327.4 1.1
3336.4 1.1
3345.5 1.1
3354.3 1.1
Labor Force (Ths) Pct Chg Year Ago
1651.8 5.0
1663.9 3.3
1673.8 3.0
1681.9 2.4
1688.0 2.2
1693.3 1.8
1696.8 1.4
1699.8 1.1
1700.4 0.7
1701.9 0.5
1703.3 0.4
1705.3 0.3
1706.4 0.4
3.6
3.2
3.0
2.8
2.8
2.8
2.9
2.9
2.9
2.9
3.0
3.0
3.1
Construction & Mining Pct Chg Year Ago
State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
22962.0 21982.2 21790.7 21551.9 21525.9 21581.5 21642.6 21647.9 21561.7 21412.5 21321.2 21258.8 21193.4 18283.0 17419.1 17090.8 16660.7 16274.0 16009.1 15893.5 15950.2 15834.0 15749.0 15740.8 15646.6 15688.2 4679.0 4563.2 4699.9 4891.2 5251.8 5572.4 5749.2 5697.7 5727.7 5663.5 5580.4 5612.2 5505.2
Institute for Economic Forecasting
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