Mia m i – F o r t Lau d e r d a l e – P o m pa n o B each
Quarterly Outlook for Miami-Fort Lauderdale-Pompano Beach (MD), FL
December 2012
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2
Personal Income (Billions $)
Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
256.3 3.1 117.4 138.9
259.6 3.4 118.7 140.9
262.6 4.3 120.2 142.5
265.7 4.8 121.6 144.1
270 5.4 123.1 147
273.3 5.3 124.6 148.7
277 5.5 126.2 150.8
280.8 5.7 128 152.8
285 5.6 129.8 155.3
288.9 5.7 131.5 157.3
292.8 5.7 133.3 159.5
296.7 5.7 135.1 161.6
301.4 5.7 136.9 164.6
305.3 5.7 138.5 166.9
Real Personal Income (05$) Pct Chg Year Ago
219.8 2
222.2 2.3
223.9 3.2
225.8 3.5
228.5 4
230.4 3.7
232.6 3.9
234.9 4
237.3 3.8
239.7 4
242.1 4.1
244.2 4
247 4.1
249 3.9
Per Capita Income (Ths) Real Per Capita Income (05$)
44 37.7
44.4 38
44.7 38.1
45.1 38.3
45.6 38.6
46 38.8
46.4 39
46.9 39.2
47.4 39.5
47.9 39.7
48.4 40
48.8 40.2
49.4 40.5
49.9 40.7
Average Annual Wage (Ths) Pct Chg Year Ago
51.8 2.3
52.2 2.1
52.5 2.5
52.8 2.7
53.2 2.7
53.6 2.7
54 2.8
54.3 2.8
54.7 2.9
55.1 2.8
55.5 2.8
55.9 2.8
56.3 2.8
56.6 2.7
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
2250.5 0.7
2261.4 1.4
2274.5 2.1
2286.9 2.1
2298.1 2.1
2310.4 2.2
2324.7 2.2
2341.5 2.4
2356.9 2.6
2372.5 2.7
2388.6 2.7
2404.8 2.7
2418.8 2.6
2432 2.5
Manufacturing Pct Chg Year Ago
75.6 -2.2
75.9 -1.2
76.2 0.7
76.3 0.9
76.6 1.3
76.8 1.2
77.1 1.2
77.4 1.5
77.7 1.5
77.9 1.4
78.1 1.3
78.3 1.2
78.5 1
78.7 0.9
Nonmanufacturing Pct Chg Year Ago
2174.9 0.8
2185.5 1.4
2198.3 2.1
2210.6 2.2
2221.5 2.1
2233.5 2.2
2247.6 2.2
2264.1 2.4
2279.2 2.6
2294.5 2.7
2310.5 2.8
2326.4 2.8
2340.3 2.7
2353.3 2.6
80.3 -1.3
81.5 3.3
83 6
85.1 7.2
87.6 9
90.5 11.1
93.6 12.8
97.3 14.3
101.2 15.5
105.1 16.1
108.9 16.3
112.4 15.5
115.5 14.2
118.2 12.5
Trade, Trans, & Utilities Pct Chg Year Ago
532.4 1.3
534.5 1.7
537.6 2
540 1.9
541.1 1.6
542.9 1.6
545 1.4
547.7 1.4
549.7 1.6
552.1 1.7
555.4 1.9
559.1 2.1
561.8 2.2
564.4 2.2
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
134.4 305.8 92.4
135 306.3 93.5
136.1 307.3 94.5
136.9 308.1 95.4
137.6 307.6 96.3
138.3 307.7 97.3
139.3 308.1 98.2
140.4 308.7 99.2
141.4 308.6 100.3
142.2 309.3 101.3
143 310.6 102.3
143.9 312.2 103.3
144.6 313.2 104.2
145.3 314.1 105.1
Information Pct Chg Year Ago
43.1 -0.6
43.8 2
44 2.1
43.8 2
43.9 1.7
44 0.5
44.3 0.9
44.7 2
44.9 2.4
45.1 2.5
45.3 2
45.4 1.7
45.7 1.6
45.8 1.5
Financial Activities Pct Chg Year Ago
152.2 0
152.2 -0.4
152.7 0.7
153.3 0.9
153.8 1.1
154.3 1.4
154.6 1.2
154.7 0.9
154.6 0.6
154.5 0.1
154.4 -0.1
154.3 -0.2
154.4 -0.2
154.3 -0.1
Prof & Business Services Pct Chg Year Ago
354.8 3
359.5 4.1
364.4 5
369.2 5.6
372.8 5.1
378.2 5.2
385.4 5.8
393.1 6.5
399.7 7.2
405.7 7.3
411.5 6.8
416.8 6
421.1 5.4
425.4 4.9
Educ & Health Services Pct Chg Year Ago
357.8 0.9
358.3 1
360 1.6
361.3 1.3
363.5 1.6
364.8 1.8
366.1 1.7
368.2 1.9
369.9 1.8
372.6 2.1
375.1 2.5
377.8 2.6
380.8 3
384.2 3.1
Leisure & Hospitality Pct Chg Year Ago
259.8 0.6
261.6 1.8
262.9 2.8
264.1 2.3
264.8 1.9
264.7 1.2
264.3 0.5
264.2 0
264.6 -0.1
264.5 -0.1
264.5 0.1
264.9 0.3
264.8 0
264.1 -0.1
Other Services Pct Chg Year Ago
94.2 -0.4
94.2 0.5
94.3 0.2
94.5 0.6
94.7 0.5
94.8 0.7
95 0.7
94.9 0.4
94.9 0.2
94.9 0.1
94.9 -0.1
94.9 0
95 0.1
95 0.2
Federal Government Pct Chg Year Ago
33.1 -2.1
32.9 -2.2
32.7 -2.3
32.4 -2.7
32.2 -2.7
32 -2.7
31.8 -2.7
31.6 -2.6
31.4 -2.5
31.3 -2.2
31.2 -2
31.1 -1.7
31 -1.4
30.9 -1.3
267.1 -1.2
267 -1
266.9 -0.5
266.9 -0.2
267.1 0
267.3 0.1
267.4 0.2
267.8 0.3
268.2 0.4
268.8 0.6
269.3 0.7
269.8 0.7
270.3 0.8
270.9 0.8
Construction & Mining Pct Chg Year Ago
State & Local Government Pct Chg Year Ago
Other Economic Indicators
Gross Metro Product (00$ Mil)
238249 239404 241060 243055 244807 247009 249468 252222 254634 257141 259613 261957 264222 266384
Population (Ths) Pct Chg Year Ago
5828.8 1.6
5851 1.6
5873.2 1.5
5895.4 1.5
5917.9 1.5
5941.1 1.5
5964.8 1.6
5988.1 1.6
6011.2 1.6
6033.7 1.6
6056.2 1.5
6078.8 1.5
6101.4 1.5
6123.8 1.5
Labor Force (Ths) Pct Chg Year Ago
2930.5 0.8
2939.1 0.8
2947.2 1.5
2955.8 1.2
2964.3 1.2
2972.5 1.1
2981.3 1.2
2989.2 1.1
2998 1.1
3007.4 1.2
3015.1 1.1
3023.4 1.1
3030.7 1.1
3038.2 1
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
8.2
8.2
8
7.9
7.9
7.8
7.6
7.5
7.3
7.1
7
6.9
6.8
6.7
15218 7799 7418
16651 8472 8180
18457 9415 9042
20629 10372 10257
22588 11279 11309
24889 12807 12082
27335 14284 13050
29890 15830 14060
32068 17201 14866
33983 18638 15345
35889 19936 15953
37330 20936 16394
38680 21614 17066
39729 22154 17575
Institute for Economic Competitiveness
53