M iami – F ort L auderdale – W est P alm B each
Short Term Outlook for Miami-Fort Lauderdale-Pompano Beach, 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 $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
414.4 5.9 184.3 230.1
415.6 -6.7 187.4 228.2
420.1 0.5 189.7 230.4
424.9 2.4 191.7 233.2
428.0 3.3 193.2 234.8
431.4 3.8 195.0 236.4
435.5 3.7 196.5 239.0
439.7 3.5 198.0 241.7
443.8 3.7 199.5 244.2
448.4 3.9 201.3 247.0
453.4 4.1 203.5 249.9
458.6 4.3 205.8 252.8
463.8 4.5 208.3 255.5
Real Personal Income (12$) Pct Chg Year Ago
319.9 1.1
319.6 -10.3
321.6 -2.5
323.6 0.1
324.6 1.4
325.8 1.9
327.2 1.8
329.0 1.7
330.4 1.8
332.1 2.0
334.1 2.1
336.3 2.2
338.3 2.4
Per Capita Income (Ths) Real Per Capita Income (12$)
68.0 52.5
68.2 52.5
68.9 52.8
69.7 53.1
70.1 53.2
70.6 53.3
71.2 53.5
71.7 53.6
72.2 53.8
72.8 53.9
73.4 54.1
74.1 54.3
74.7 54.5
Average Annual Wage (Ths) Pct Chg Year Ago
69.1 2.0
69.7 2.0
70.0 1.7
70.4 2.0
70.7 2.3
71.1 2.0
71.5 2.1
71.9 2.1
72.3 2.3
72.8 2.4
73.4 2.7
74.0 3.0
74.7 3.3
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
2652.1 4.8
2676.8 4.9
2696.4 4.5
2709.1 3.6
2719.3 2.5
2729.6 2.0
2736.6 1.5
2740.8 1.2
2746.0 1.0
2752.1 0.8
2759.5 0.8
2768.1 1.0
2775.1 1.1
Manufacturing Pct Chg Year Ago
88.8 0.4
88.8 1.6
89.2 2.9
88.8 1.2
89.2 0.4
89.1 0.3
88.9 -0.3
88.4 -0.5
88.1 -1.2
87.8 -1.5
87.4 -1.6
87.1 -1.5
86.8 -1.5
Nonmanufacturing Pct Chg Year Ago
2563.3 4.9
2588.0 5.0
2607.2 4.6
2620.3 3.7
2630.2 2.6
2640.5 2.0
2647.7 1.6
2652.4 1.2
2657.9 1.1
2664.3 0.9
2672.1 0.9
2681.1 1.1
2688.3 1.1
Construction & Mining Pct Chg Year Ago
139.0 -0.7
138.4 -1.7
138.0 0.5
137.7 -1.2
137.4 -1.1
137.0 -1.0
136.5 -1.1
136.3 -1.0
136.3 -0.9
136.4 -0.4
136.5 0.0
136.8 0.4
137.1 0.6
Trade, Trans, & Utilities Pct Chg Year Ago
596.7 3.5
593.8 2.4
592.6 2.0
594.8 1.3
588.7 -1.3
586.9 -1.2
592.1 -0.1
589.2 -1.0
588.9 0.0
585.2 -0.3
578.1 -2.4
577.0 -2.1
575.9 -2.2
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
145.2 315.4 136.0
147.2 308.0 138.5
149.9 302.7 140.1
155.7 295.7 143.4
157.2 288.0 143.6
158.8 284.1 144.0
158.7 290.5 143.0
159.2 287.6 142.4
160.0 286.6 142.3
161.6 280.5 143.0
163.9 269.7 144.5
165.3 266.6 145.1
166.7 263.3 145.8
Information Pct Chg Year Ago
49.0 6.1
49.8 7.7
50.0 8.6
50.8 6.1
50.2 2.3
50.4 1.4
50.8 1.6
51.0 0.2
51.7 3.1
52.4 4.0
53.0 4.3
53.0 4.1
53.0 2.5
Financial Activities Pct Chg Year Ago
192.9 1.6
195.7 3.3
200.2 6.9
204.1 6.2
204.0 5.8
204.1 4.3
202.3 1.0
201.4 -1.3
201.0 -1.4
201.2 -1.4
202.0 -0.2
202.4 0.5
202.8 0.9
Prof & Business Services Pct Chg Year Ago
446.8 1.8
465.5 4.6
470.1 5.2
468.8 4.8
470.1 5.2
473.3 1.7
471.3 0.3
471.4 0.6
474.2 0.9
478.9 1.2
485.4 3.0
489.3 3.8
492.8 3.9
Educ & Health Services Pct Chg Year Ago
407.9 2.9
409.3 2.8
419.7 6.0
420.1 4.4
415.6 1.9
415.7 1.6
412.8 -1.6
412.4 -1.8
412.8 -0.7
415.4 -0.1
418.4 1.4
421.3 2.2
423.0 2.5
Leisure & Hospitality Pct Chg Year Ago
311.4 26.6
310.6 20.2
306.1 4.2
308.7 3.5
326.4 4.8
333.6 7.4
342.3 11.8
351.0 13.7
352.6 8.0
353.3 5.9
355.6 3.9
356.2 1.5
357.1 1.3
Other Services Pct Chg Year Ago
114.0 9.4
115.6 8.5
119.6 7.1
122.9 9.2
123.8 8.6
124.3 7.5
123.7 3.5
123.5 0.5
123.7 -0.1
124.4 0.0
125.5 1.4
126.7 2.6
127.7 3.2
34.1 -5.2
34.0 -4.2
33.9 -1.2
33.9 -0.8
33.8 -1.0
33.8 -0.7
33.8 -0.3
33.9 0.1
34.0 0.5
34.0 0.7
34.2 0.9
34.3 1.2
34.5 1.5
271.5 1.2
275.3 3.9
277.1 6.8
278.5 4.5
280.1 3.2
281.3 2.2
282.2 1.9
282.5 1.4
282.8 1.0
283.1 0.6
283.5 0.5
284.0 0.5
284.4 0.6
Population (Ths) Pct Chg Year Ago
6089.8 -0.4
6090.7 -0.2
6093.4 0.0
6097.1 0.1
6102.7 0.2
6110.5 0.3
6119.9 0.4
6131.9 0.6
6146.0 0.7
6160.4 0.8
6175.2 0.9
6190.3 1.0
6205.5 1.0
Labor Force (Ths) Pct Chg Year Ago
3167.9 5.7
3189.1 5.3
3196.7 4.0
3199.8 2.1
3203.3 1.1
3208.2 0.6
3214.1 0.5
3217.7 0.6
3221.4 0.6
3225.7 0.5
3233.3 0.6
3243.1 0.8
3255.6 1.1
5.4
5.0
4.6
4.4
4.2
4.1
4.0
4.0
4.0
4.0
4.0
4.0
4.1
Federal Government Pct Chg Year Ago State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
23776.4 24279.7 24049.9 24925.9 25575.9 26157.4 26434.4 26578.5 26739.6 26586.0 26271.0 26200.0 25940.8 9141.5 9584.5 10011.7 10375.5 10795.7 11063.0 11211.0 11476.9 11653.6 11537.8 11481.5 11612.9 11599.2 14634.9 14695.2 14038.2 14550.4 14780.1 15094.5 15223.4 15101.7 15086.0 15048.3 14789.4 14587.1 14341.7
Institute for Economic Forecasting
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