L akeland – W inter H aven
Short Term Outlook for Lakeland-Winter Haven, FL December 2021 Forecast 2021:Q4
2022:Q1
2022:Q2
2022:Q3
2022:Q4
2023:Q1
2023:Q2
2023:Q3
2023:Q4
2024:Q1
2024:Q2
2024:Q1
2024:Q2
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
31.3 5.5 13.9 17.4
31.3 -7.1 14.1 17.3
31.7 -0.1 14.2 17.4
32.0 1.7 14.3 17.6
32.2 2.8 14.4 17.8
32.4 3.5 14.6 17.9
32.8 3.5 14.7 18.0
33.1 3.5 14.8 18.3
33.5 3.9 15.0 18.5
33.8 4.2 15.1 18.7
34.2 4.2 15.3 18.9
34.5 4.3 15.4 19.1
34.9 4.3 15.6 19.4
Real Personal Income (12$) Pct Chg Year Ago
28.9 0.8
28.8 -10.7
28.9 -3.0
29.1 -0.6
29.2 1.0
29.3 1.6
29.4 1.6
29.6 1.7
29.8 2.0
29.9 2.3
30.1 2.2
30.2 2.2
30.4 2.2
Per Capita Income (Ths) Real Per Capita Income (12$)
41.5 38.3
41.3 37.9
41.5 38.0
41.7 38.0
41.8 37.9
41.9 37.8
42.1 37.8
42.4 37.9
42.7 37.9
42.9 38.0
43.2 38.0
43.5 38.1
43.8 38.2
Average Annual Wage (Ths) Pct Chg Year Ago
55.7 4.0
56.1 3.9
56.2 2.0
56.5 1.4
56.7 1.8
57.0 1.6
57.2 1.8
57.6 1.9
58.0 2.2
58.4 2.6
58.9 3.0
59.5 3.3
60.0 3.5
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
248.5 3.0
249.5 2.4
251.4 2.9
252.8 2.6
253.6 2.0
254.6 2.0
256.0 1.8
256.7 1.5
257.3 1.5
257.6 1.2
257.7 0.7
257.8 0.4
258.1 0.3
Manufacturing Pct Chg Year Ago
18.3 2.3
18.3 3.1
18.3 3.3
18.2 0.5
18.3 0.0
18.4 0.2
18.4 0.1
18.4 0.8
18.4 0.6
18.4 0.2
18.3 -0.2
18.2 -1.0
18.1 -1.8
Nonmanufacturing Pct Chg Year Ago
230.2 3.0
231.2 2.4
233.1 2.8
234.6 2.8
235.3 2.2
236.2 2.2
237.6 1.9
238.4 1.6
238.9 1.5
239.2 1.3
239.4 0.7
239.6 0.5
240.0 0.5
Construction & Mining Pct Chg Year Ago
15.7 1.8
15.6 0.9
15.5 0.2
15.4 -1.9
15.3 -2.5
15.2 -2.5
15.0 -2.8
14.9 -3.6
14.7 -3.6
14.6 -3.7
14.5 -3.4
14.4 -2.9
14.4 -2.5
Trade, Trans, & Utilities Pct Chg Year Ago
70.1 3.9
68.9 1.0
68.6 1.3
69.1 0.0
68.5 -2.3
68.6 -0.4
69.3 0.9
69.2 0.2
69.2 1.0
68.7 0.2
67.8 -2.1
67.4 -2.6
67.3 -2.7
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
11.6 33.2 25.3
11.7 31.7 25.5
11.8 31.1 25.8
12.0 30.5 26.5
12.1 29.8 26.6
12.2 29.6 26.7
12.4 30.3 26.6
12.5 30.0 26.7
12.7 29.8 26.7
13.0 28.9 26.8
13.3 27.4 27.1
13.4 26.8 27.2
13.6 26.4 27.3
Information Pct Chg Year Ago
2.0 8.0
2.0 6.8
2.0 6.4
2.0 3.9
2.0 1.3
2.0 1.8
2.1 3.5
2.1 4.0
2.2 6.9
2.2 7.4
2.2 6.6
2.2 4.7
2.2 1.3
Financial Activities Pct Chg Year Ago
14.5 0.4
14.6 1.6
14.9 7.3
15.2 5.4
15.2 4.9
15.4 5.4
15.4 3.3
15.5 2.0
15.6 2.3
15.7 1.7
15.8 2.4
15.9 2.3
15.8 1.8
Prof & Business Services Pct Chg Year Ago
33.9 2.7
35.4 2.7
35.8 4.4
35.8 5.8
35.9 6.1
36.1 2.1
35.9 0.2
35.8 0.0
35.9 0.0
36.2 0.3
36.6 2.0
36.8 2.7
36.9 2.6
Educ & Health Services Pct Chg Year Ago
35.9 1.0
36.1 1.3
36.8 2.4
36.8 2.9
36.4 1.4
36.4 0.8
36.3 -1.6
36.2 -1.6
36.4 -0.2
36.7 0.9
37.1 2.3
37.5 3.5
37.8 3.9
Leisure & Hospitality Pct Chg Year Ago
23.2 11.0
23.2 8.9
23.5 1.0
23.8 3.9
25.1 8.2
25.5 10.0
26.6 13.6
27.5 15.5
27.7 10.1
27.6 8.1
27.8 4.2
27.8 1.2
27.9 0.8
6.7 7.3
6.9 9.7
7.2 10.7
7.5 14.0
7.5 11.6
7.6 9.7
7.5 4.7
7.6 1.5
7.6 1.2
7.7 1.7
7.8 3.3
7.9 4.0
7.9 4.5
1.2 -11.3
1.2 0.2
1.3 1.4
1.3 7.3
1.3 5.5
1.3 4.6
1.3 3.3
1.3 2.0
1.3 0.7
1.3 -0.1
1.3 -0.5
1.3 -0.8
1.3 -0.9
27.0 -0.9
27.3 1.1
27.5 3.9
27.8 3.3
28.0 3.8
28.1 3.1
28.2 2.5
28.4 2.0
28.4 1.5
28.5 1.3
28.5 1.2
28.6 0.8
28.6 0.8
Population (Ths) Pct Chg Year Ago
755.1 2.2
758.5 2.0
762.5 2.0
766.3 2.0
770.1 2.0
773.9 2.0
777.6 2.0
781.2 1.9
784.5 1.9
787.8 1.8
791.0 1.7
794.2 1.7
797.4 1.6
Labor Force (Ths) Pct Chg Year Ago
331.0 5.6
333.6 4.3
335.2 2.8
336.1 2.6
336.0 1.5
335.5 0.6
335.0 0.0
334.2 -0.6
333.2 -0.8
332.0 -1.0
331.0 -1.2
329.9 -1.3
328.9 -1.3
Other Services Pct Chg Year Ago Federal Government Pct Chg Year Ago State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
64
5.7
5.5
5.4
5.4
5.1
4.9
4.8
4.7
4.6
4.4
4.4
4.3
4.1
10338.8 8535.0 1803.9
9251.6 7688.7 1562.9
8197.7 6975.3 1222.5
7480.3 6339.5 1140.8
6956.8 5908.1 1048.7
6546.5 5543.0 1003.5
6240.6 5294.4 946.2
6183.2 5186.4 996.8
6120.0 5121.8 998.2
5997.6 4982.8 1014.8
5903.2 4891.3 1011.9
5881.2 4874.6 1006.6
5787.0 4795.4 991.6
Florida & Metro Forecast / Fall 2021