P a l m B a y – Me l b o u r n e – T itu s v i l l e
Quarterly Outlook for Palm Bay-Melbourne-Titusville, FL
April 2013
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2
Personal Income (Billions $)
Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
21.4 2.1 9.7 11.7
21.6 2.5 9.8 11.8
21.9 3.3 9.9 11.9
22.1 1.8 10.1 12
22.5 5.2 10.2 12.3
22.7 5.1 10.3 12.4
22.9 5 10.4 12.5
23.2 5 10.6 12.6
23.6 4.9 10.7 12.9
23.9 5.2 10.9 13
24.2 5.4 11 13.2
24.5 5.7 11.2 13.4
24.9 5.7 11.3 13.6
25.3 5.7 11.5 13.8
Real Personal Income (05$) Pct Chg Year Ago
18.3 1
18.5 1.4
18.7 2.3
18.8 0.9
19.1 4
19.2 3.6
19.3 3.5
19.5 3.5
19.7 3.3
19.9 3.7
20.1 3.9
20.3 4
20.5 4.1
20.7 4.1
Per Capita Income (Ths.) Real Per Capita Income (05$)
38.9 33.4
39.2 33.6
39.6 33.8
39.9 34
40.6 34.4
40.8 34.5
41.1 34.6
41.5 34.8
42 35.1
42.4 35.3
42.8 35.5
43.2 35.7
43.8 36
44.2 36.2
Average Annual Wage (Ths) Pct Chg Year Ago
48.7 1.9
48.9 2.5
49.4 3.3
49.8 2.8
50.2 2.9
50.5 3.3
50.9 3
51.3 3
51.6 2.9
52 2.9
52.4 2.9
52.8 3
53.2 3
53.6 3.1
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
196.6 1
197.3 1.3
198.1 1.5
199.1 1.4
200.2 1.9
201.1 1.9
202.1 2
203.1 2
204.4 2.1
205.9 2.4
207.4 2.6
208.8 2.8
209.9 2.7
210.9 2.4
Manufacturing Pct Chg Year Ago
20.8 -0.7
20.8 -0.5
20.9 -0.1
20.8 -0.7
21 1
21.1 1
21.2 1.4
21.3 1.9
21.3 1.6
21.4 1.8
21.5 1.8
21.6 1.8
21.7 1.7
21.8 1.6
Nonmanufacturing Pct Chg Year Ago
175.8 1.2
176.5 1.5
177.2 1.7
178.2 1.6
179.2 1.9
180.1 2
180.9 2.1
181.9 2.1
183.1 2.1
184.4 2.4
185.9 2.7
187.2 2.9
188.2 2.8
189.1 2.5
8.6 6
8.7 7.1
8.9 4.2
9 3.5
9.2 6.2
9.4 8
9.7 10.1
10.1 12.4
10.5 14.1
10.9 15.1
11.3 15.8
11.7 15.4
12 14.2
12.2 12.5
Trade, Trans, & Utilities Pct Chg Year Ago
34.7 0
34.8 0.3
34.8 1.2
34.9 1.4
34.9 0.7
34.9 0.2
34.9 0.3
35 0.2
35 0.3
35.1 0.7
35.3 1.2
35.5 1.6
35.7 1.9
35.8 1.9
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
5.1 25.4 4
5.1 25.5 4
5.2 25.5 4
5.2 25.5 4.1
5.2 25.6 4.1
5.2 25.5 4.1
5.2 25.5 4.1
5.3 25.5 4.1
5.3 25.5 4.2
5.4 25.6 4.2
5.4 25.7 4.2
5.5 25.8 4.3
5.5 25.8 4.3
5.6 25.8 4.3
Information Pct Chg Year Ago
2.1 -0.9
2.1 0.3
2.1 0.5
2.1 0.1
2.1 1.2
2.1 0
2.1 -0.6
2.1 -0.7
2.1 -0.2
2.1 1.2
2.1 2.2
2.2 2.5
2.2 2.8
2.2 2.9
Financial Activities Pct Chg Year Ago
7.6 -1.2
7.6 -0.3
7.6 -0.1
7.7 1.7
7.7 1.1
7.7 1.6
7.8 1.8
7.8 1.5
7.8 1.4
7.8 1.1
7.8 0.8
7.8 0.5
7.8 0.3
7.8 -0.3
Prof & Business Services Pct Chg Year Ago
29.7 0.2
30 1.5
30.3 3
30.8 3.7
31.3 5.4
31.8 6.2
32.2 6.5
32.6 5.8
33.1 5.7
33.7 6.1
34.3 6.5
34.9 7
35.2 6.3
35.5 5.1
Educ & Health Services Pct Chg Year Ago
33.1 1.9
33.3 1.8
33.5 2.3
33.6 1.9
33.9 2.3
34 2.2
34.1 1.9
34.3 2
34.4 1.4
34.6 1.5
34.7 1.7
34.9 1.8
35.1 2.1
35.4 2.3
Leisure & Hospitality Pct Chg Year Ago
23.5 3.5
23.6 3.7
23.6 2.6
23.7 1.2
23.7 0.8
23.7 0.3
23.7 0.2
23.7 0.1
23.8 0.5
23.8 0.6
23.8 0.5
23.7 0.2
23.7 -0.3
23.7 -0.5
8.2 2
8.2 1.9
8.2 2.2
8.2 1
8.2 0.7
8.2 0.6
8.2 0.5
8.2 0.2
8.2 0.2
8.2 0.1
8.2 0.1
8.2 0.4
8.3 0.4
8.3 0.6
Federal Government Pct Chg Year Ago
6.1 -1.8
6 -2.8
6 -3.3
6 -3.6
6 -2.1
6 -1
5.9 -2.3
5.9 -2.4
5.9 -2.5
5.8 -2.2
5.8 -1.8
5.8 -1.5
5.7 -1.8
5.7 -1.7
State & Local Government Pct Chg Year Ago
22.2 0.9
22.2 0.4
22.2 0.2
22.2 0.5
22.2 0.2
22.2 0.2
22.2 0.1
22.3 0.2
22.3 0.4
22.3 0.5
22.4 0.7
22.4 0.8
22.5 1
22.6 1.1
Population (Ths) Pct Chg Year Ago
549.8 0.6
550.8 0.6
551.9 0.7
553.2 0.8
554.5 0.9
556 0.9
557.7 1
559.5 1.1
561.4 1.2
563.5 1.4
565.4 1.4
567.5 1.4
569.4 1.4
571.4 1.4
Labor Force (Ths) Percent Change, Year Ago
265.8 -0.3
265.6 -0.6
265.4 -1.1
265.3 -0.4
265.1 -0.3
264.9 -0.2
264.9 -0.2
264.8 -0.2
264.9 -0.1
265 0
265.2 0.1
265.3 0.2
265.5 0.2
265.8 0.3
Construction & Mining Pct Chg Year Ago
Other Services Pct Chg Year Ago
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
8.2
8.1
7.9
7.8
7.5
7.5
7.4
7.3
7
6.9
6.8
6.7
6.7
6.6
1399 1374 25
1632 1627 5
2019 1884 135
2464 2192 272
2851 2488 363
3386 2901 485
3849 3221 628
4263 3504 759
4712 3811 901
5062 4105 957
5317 4318 999
5331 4309 1022
5357 4318 1039
5379 4332 1047
Institute for Economic Competitiveness
73