P O R T S T. L U C I E
Short Term Outlook for Port St. Lucie, FL July 2021 2021:Q2 2021:Q3 2021:Q4 2022:Q1 2022:Q2 2022:Q3 2022:Q4 2023:Q1 2023:Q2 2023:Q3 2023:Q4 2024:Q1 2024:Q2
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
31.1 1.4 8.3 22.8
30.7 1.8 8.5 22.2
30.4 3.7 8.6 21.8
30.8 -7.8 8.7 22.1
31.2 0.4 8.8 22.4
31.5 2.7 8.9 22.6
31.7 4.3 9.0 22.7
31.9 3.7 9.1 22.8
32.3 3.6 9.2 23.0
32.6 3.6 9.3 23.3
32.9 3.9 9.4 23.5
33.3 4.4 9.6 23.8
33.7 4.4 9.7 24.0
Real Personal Income (12$) Pct Chg Year Ago
28.4 -1.4
27.9 -0.6
27.6 1.3
27.8 -9.6
28.1 -1.2
28.2 1.0
28.3 2.6
28.4 2.0
28.6 1.8
28.7 1.8
28.9 2.0
29.1 2.5
29.2 2.4
Per Capita Income (Ths) Real Per Capita Income (12$)
61.4 56.1
60.5 55.1
59.8 54.3
60.4 54.6
61.0 54.9
61.5 55.1
61.7 55.2
62.0 55.1
62.5 55.3
63.0 55.5
63.5 55.7
64.2 56.0
64.7 56.1
Average Annual Wage (Ths) Pct Chg Year Ago
53.2 6.7
53.2 3.9
53.4 2.7
53.5 1.6
53.8 1.1
54.1 1.6
54.5 2.1
54.9 2.8
55.4 3.1
55.9 3.4
56.4 3.6
57.0 3.7
57.5 3.7
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
154.5 7.2
158.3 4.0
160.5 6.1
161.7 6.0
163.1 5.6
163.8 3.5
164.4 2.4
164.6 1.8
165.6 1.6
166.1 1.4
166.4 1.2
166.8 1.3
167.0 0.8
Manufacturing Pct Chg Year Ago
7.5 4.4
7.6 2.9
7.6 0.2
7.6 0.5
7.6 1.1
7.6 0.8
7.6 1.1
7.7 0.9
7.7 0.8
7.7 0.7
7.7 0.5
7.7 -0.1
7.6 -0.4
Nonmanufacturing Pct Chg Year Ago
146.9 7.4
150.7 4.1
152.9 6.4
154.1 6.3
155.5 5.8
156.2 3.6
156.7 2.5
157.0 1.9
158.0 1.6
158.4 1.5
158.7 1.3
159.1 1.4
159.4 0.9
Construction & Mining Pct Chg Year Ago
13.0 7.5
13.0 5.8
13.0 5.6
13.0 1.6
13.0 -0.1
12.9 -0.7
12.9 -1.1
12.8 -1.3
12.7 -1.7
12.7 -1.9
12.6 -1.8
12.6 -1.8
12.5 -1.8
Trade, Trans, & Utilities Pct Chg Year Ago
30.3 2.4
30.8 -1.6
30.7 -0.7
30.2 -0.9
29.8 -1.9
29.6 -4.1
28.9 -5.9
28.5 -5.6
28.8 -3.2
28.6 -3.4
28.4 -1.7
28.1 -1.4
27.7 -3.6
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
4.6 20.5 5.2
4.6 20.9 5.3
4.6 20.7 5.4
4.6 20.2 5.4
4.6 19.7 5.4
4.7 19.3 5.5
4.7 18.7 5.5
4.7 18.3 5.5
4.7 18.6 5.4
4.7 18.4 5.4
4.7 18.3 5.4
4.8 17.9 5.4
4.8 17.5 5.4
Information Pct Chg Year Ago
1.0 -1.4
1.1 5.3
1.1 6.2
1.1 11.9
1.1 6.7
1.1 6.7
1.1 4.4
1.1 1.7
1.1 2.3
1.1 1.5
1.2 3.7
1.2 4.4
1.2 4.7
Financial Activities Pct Chg Year Ago
6.0 2.9
6.0 0.5
6.0 1.3
6.1 0.8
6.2 2.9
6.2 3.6
6.2 3.4
6.2 2.6
6.1 -0.1
6.1 -2.1
6.1 -1.9
6.1 -1.5
6.2 0.2
Prof & Business Services Pct Chg Year Ago
23.5 12.8
24.4 11.9
25.3 16.9
26.4 17.2
26.6 12.9
26.4 8.1
26.6 5.0
27.0 2.4
27.1 2.1
27.3 3.5
27.5 3.5
27.9 3.3
28.3 4.3
Educ & Health Services Pct Chg Year Ago
27.8 3.9
28.3 2.8
28.6 3.1
28.4 2.7
29.2 4.7
29.4 3.8
29.4 2.7
29.5 3.8
29.6 1.4
29.7 1.0
29.9 1.8
30.2 2.2
30.4 2.8
Leisure & Hospitality Pct Chg Year Ago
19.2 30.6
20.4 11.8
20.9 16.4
21.2 15.7
21.7 13.0
22.1 8.6
23.1 10.6
23.1 8.9
23.8 9.5
24.1 9.1
24.2 4.7
24.2 4.8
24.1 1.5
7.6 8.6
7.8 6.5
8.1 10.0
8.3 11.2
8.5 12.2
8.6 10.6
8.7 7.2
8.7 4.9
8.6 1.8
8.6 -0.7
8.6 -1.1
8.6 -1.3
8.6 -0.4
Federal Government Pct Chg Year Ago
1.0 -5.0
1.0 -14.4
1.0 -5.8
1.0 -2.9
1.0 0.4
1.0 -0.1
1.0 -0.3
1.0 -0.3
1.0 -0.5
1.0 -0.5
1.0 -0.6
1.0 -0.5
1.0 -0.3
State & Local Government Pct Chg Year Ago
17.5 -2.5
17.8 -1.4
18.2 2.5
18.4 4.0
18.6 6.3
18.7 5.1
18.9 3.7
19.0 3.2
19.1 2.7
19.2 2.4
19.3 2.0
19.3 1.6
19.4 1.5
Population (Ths) Pct Chg Year Ago
505.9 1.3
507.2 1.2
508.4 1.1
509.7 1.0
511.0 1.0
512.2 1.0
513.4 1.0
514.8 1.0
516.1 1.0
517.3 1.0
518.5 1.0
519.7 1.0
520.9 0.9
Labor Force (Ths) Pct Chg Year Ago
215.9 4.1
219.0 2.2
220.2 2.0
221.3 3.1
222.2 2.9
223.8 2.2
224.8 2.1
225.7 2.0
226.6 2.0
227.5 1.7
228.2 1.5
228.8 1.4
229.4 1.2
Other Services Pct Chg Year Ago
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
114
2.7
2.6
2.5
2.5
2.5
2.5
2.6
2.6
2.7
2.8
2.9
3.0
3.2
5992.4 5181.9 810.5
5812.3 4868.4 943.9
5541.9 4583.2 958.6
5149.0 4212.0 937.0
4836.8 3940.0 896.9
4577.3 3714.8 862.5
4387.9 3552.9 835.0
4241.4 3424.4 816.9
4173.7 3353.8 819.9
4147.9 3330.8 817.1
4179.9 3364.7 815.2
4168.6 3352.5 816.0
4144.1 3333.6 810.4
Florida & Metro Forecast / July 2021