N orth P ort - S arasota - B radenton
Short Term Outlook for North Port-Sarasota-Bradenton, 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 $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
55.2 6.0 18.4 36.7
55.2 -8.6 18.7 36.5
55.8 -0.2 19.0 36.9
56.6 2.2 19.2 37.4
57.1 3.4 19.3 37.7
57.5 4.2 19.5 38.0
58.1 4.0 19.6 38.4
58.8 3.9 19.8 38.9
59.4 4.2 20.0 39.4
60.2 4.7 20.2 40.0
60.8 4.7 20.4 40.4
61.4 4.5 20.6 40.8
62.1 4.5 20.8 41.3
Real Personal Income (12$) Pct Chg Year Ago
47.2 1.3
47.0 -12.1
47.3 -3.1
47.7 -0.1
47.9 1.6
48.1 2.3
48.3 2.1
48.7 2.1
49.0 2.3
49.4 2.7
49.6 2.7
49.9 2.4
50.2 2.3
Per Capita Income (Ths) Real Per Capita Income (12$)
64.3 55.0
63.9 54.5
64.4 54.6
64.9 54.8
65.2 54.7
65.3 54.6
65.8 54.7
66.3 54.9
66.8 55.1
67.4 55.3
67.8 55.4
68.3 55.5
68.8 55.6
Average Annual Wage (Ths) Pct Chg Year Ago
57.6 2.4
58.0 2.1
58.3 1.5
58.5 1.6
58.7 1.9
59.0 1.6
59.2 1.5
59.4 1.5
59.7 1.7
60.1 1.9
60.4 2.1
60.8 2.4
61.3 2.7
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
318.6 5.4
321.0 5.6
324.2 5.1
326.0 4.2
327.6 2.8
328.9 2.5
330.4 1.9
332.2 1.9
333.7 1.9
334.9 1.8
335.7 1.6
336.6 1.3
337.3 1.1
Manufacturing Pct Chg Year Ago
17.3 4.8
17.2 4.0
17.4 4.6
17.3 1.2
17.3 -0.1
17.3 0.3
17.2 -0.7
17.2 -0.8
17.1 -1.0
17.0 -1.6
16.9 -1.9
16.8 -1.9
16.8 -1.8
Nonmanufacturing Pct Chg Year Ago
301.3 5.4
303.7 5.6
306.8 5.1
308.7 4.4
310.3 3.0
311.6 2.6
313.2 2.1
315.0 2.0
316.6 2.0
317.9 2.0
318.8 1.8
319.7 1.5
320.6 1.3
Construction & Mining Pct Chg Year Ago
27.8 1.8
27.6 1.5
27.6 2.1
27.6 -0.2
27.6 -0.8
27.5 -0.4
27.5 -0.4
27.5 -0.3
27.5 -0.1
27.6 0.5
27.7 0.9
27.8 1.0
27.8 1.1
Trade, Trans, & Utilities Pct Chg Year Ago
61.1 4.3
60.6 2.5
60.4 1.8
60.4 1.1
59.6 -2.4
59.5 -1.9
60.6 0.3
60.5 0.1
60.6 1.7
60.1 0.9
58.8 -3.1
58.5 -3.4
58.2 -4.1
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
8.7 44.9 7.6
9.0 44.0 7.7
9.1 43.5 7.8
9.6 42.8 8.1
9.7 41.8 8.1
9.8 41.4 8.3
9.8 42.5 8.3
9.9 42.3 8.3
10.0 42.3 8.3
10.1 41.5 8.4
10.3 39.9 8.6
10.4 39.4 8.6
10.6 38.9 8.7
Information Pct Chg Year Ago
3.6 3.4
3.7 6.5
3.7 6.8
3.8 5.0
3.7 1.8
3.8 1.9
3.8 3.3
3.8 1.4
3.9 4.2
3.9 4.3
4.0 3.9
4.0 3.6
3.9 2.0
Financial Activities Pct Chg Year Ago
15.6 -0.1
15.9 2.0
16.4 7.5
16.7 8.0
16.8 7.5
16.9 6.0
16.7 2.4
16.7 0.0
16.8 0.2
17.0 0.7
17.2 2.4
17.3 3.2
17.4 3.4
Prof & Business Services Pct Chg Year Ago
48.0 9.4
50.0 8.0
51.1 7.8
51.2 6.8
51.4 7.0
51.7 3.4
51.5 0.8
51.6 0.7
51.8 0.9
52.3 1.1
52.8 2.6
53.1 2.9
53.2 2.7
Educ & Health Services Pct Chg Year Ago
61.0 8.8
61.4 9.9
62.3 9.9
62.5 4.4
61.9 1.5
61.8 0.6
61.2 -1.8
61.5 -1.6
61.6 -0.4
62.2 0.7
62.7 2.5
63.0 2.5
63.2 2.6
Leisure & Hospitality Pct Chg Year Ago
41.2 6.2
41.0 7.1
41.1 0.8
41.6 5.4
44.1 7.1
45.0 9.8
46.2 12.3
47.7 14.6
48.3 9.4
48.6 8.0
49.1 6.3
49.4 3.6
49.8 3.1
Other Services Pct Chg Year Ago
14.8 5.1
15.0 6.0
15.5 5.4
16.0 9.5
16.1 8.9
16.2 7.7
16.1 3.8
16.1 1.1
16.2 0.9
16.4 1.1
16.5 2.5
16.7 3.3
16.8 3.7
Federal Government Pct Chg Year Ago
2.0 -7.6
2.0 -5.5
2.0 -1.0
2.0 5.0
2.0 2.1
2.0 1.4
2.0 1.1
2.0 1.0
2.0 1.2
2.0 1.6
2.1 1.7
2.1 1.6
2.1 1.6
State & Local Government Pct Chg Year Ago
26.2 1.7
26.5 4.2
26.7 5.6
27.0 5.5
27.2 3.7
27.3 3.3
27.5 2.8
27.6 2.4
27.7 2.1
27.9 1.9
28.0 1.7
28.0 1.5
28.1 1.3
Population (Ths) Pct Chg Year Ago
858.6 1.7
862.8 1.8
867.1 1.9
871.5 2.0
875.8 2.0
879.9 2.0
883.5 1.9
886.8 1.8
889.9 1.6
893.1 1.5
896.2 1.4
899.2 1.4
902.3 1.4
Labor Force (Ths) Pct Chg Year Ago
391.2 8.5
395.6 7.4
398.3 5.7
400.4 3.9
402.1 2.8
403.3 1.9
404.4 1.5
405.2 1.2
405.8 0.9
406.0 0.7
406.4 0.5
406.9 0.4
407.7 0.5
4.8
4.5
4.1
3.9
3.7
3.7
3.6
3.6
3.6
3.6
3.6
3.6
3.7
13805.2 12538.6 11204.4 10159.9 11187.5 9927.2 8865.3 7997.0 2617.7 2611.4 2339.1 2163.0
9422.0 7436.7 1985.3
8891.8 6997.1 1894.7
8504.0 6664.9 1839.1
8334.8 6538.5 1796.3
8239.6 6451.9 1787.7
8042.7 6266.9 1775.8
7868.4 6143.8 1724.6
7800.7 6119.4 1681.2
7652.5 6023.7 1628.8
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
84
Florida & Metro Forecast / Fall 2021