Oca l a
Quarterly Outlook for Ocala, FL
December 2012
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2
Personal Income (Billions $)
Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
11.6 4.9 3.6 8
11.8 4.9 3.7 8.1
11.9 5 3.7 8.2
12.1 5.5 3.8 8.3
12.3 6.3 3.8 8.5
12.5 6.2 3.9 8.6
12.7 6.2 3.9 8.7
12.9 6.4 4 8.9
13.1 6.2 4 9
13.3 6.5 4.1 9.2
13.5 6.6 4.2 9.3
13.7 6.8 4.2 9.5
14 6.8 4.3 9.7
14.2 6.8 4.4 9.8
10 3.7
10.1 3.7
10.2 3.8
10.3 4.1
10.4 4.9
10.5 4.5
10.6 4.6
10.8 4.7
10.9 4.4
11 4.8
11.2 5
11.3 5
11.5 5.1
11.6 5
Per Capita Income (Ths) Real Per Capita Income (05$)
34.5 29.6
34.9 29.9
35.3 30.1
35.6 30.3
36.2 30.6
36.5 30.8
36.8 30.9
37.2 31.1
37.6 31.3
38 31.5
38.4 31.7
38.8 31.9
39.2 32.1
39.6 32.3
Average Annual Wage (Ths) Pct Chg Year Ago
38.6 2.5
38.8 2.4
39.1 2.7
39.4 3
39.7 2.9
40 2.9
40.3 3
40.6 3.1
40.9 3
41.2 3
41.5 3
41.8 3
42.1 3.1
42.4 3.1
Real Personal Income (05$) Pct Chg Year Ago
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
93.3 3.1
93.9 3.7
94.5 2.4
95.1 2.5
95.7 2.6
96.3 2.6
96.9 2.5
97.7 2.7
98.4 2.8
99.2 3
100.1 3.3
100.9 3.3
101.7 3.3
102.4 3.2
Manufacturing Pct Chg Year Ago
6.6 -1.2
6.6 -0.2
6.7 0.8
6.7 1.1
6.7 1.5
6.7 1.3
6.8 1.3
6.8 1.7
6.8 1.4
6.8 1.5
6.9 1.5
6.9 1.4
6.9 1.2
6.9 1.2
Nonmanufacturing Pct Chg Year Ago
86.7 3.5
87.2 4
87.9 2.5
88.5 2.6
89 2.7
89.6 2.6
90.1 2.6
90.9 2.7
91.6 2.9
92.4 3.1
93.2 3.4
94 3.5
94.8 3.5
95.5 3.3
5.5 0.1
5.6 3.7
5.7 5.4
5.8 6.7
6 8.6
6.1 10.6
6.3 12.2
6.6 13.8
6.8 14.5
7.1 15
7.3 15.4
7.6 14.7
7.8 13.6
7.9 12.4
Trade, Trans, & Utilities Pct Chg Year Ago
20.8 3.5
20.9 4.4
21 2
21.1 1.9
21.2 1.7
21.2 1.4
21.3 1.2
21.4 1.2
21.5 1.4
21.6 1.9
21.8 2.3
21.9 2.7
22.1 3
22.2 3
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
3.2 14.9 2.7
3.2 15 2.7
3.2 15.1 2.8
3.2 15.2 2.8
3.2 15.2 2.8
3.2 15.2 2.8
3.2 15.2 2.8
3.3 15.3 2.9
3.3 15.3 2.9
3.3 15.4 2.9
3.3 15.5 2.9
3.4 15.6 3
3.4 15.7 3
3.4 15.8 3
Information Pct Chg Year Ago
1.6 -0.3
1.6 0.8
1.6 1.1
1.6 1.2
1.6 1.5
1.6 0.4
1.6 0.9
1.7 2
1.7 2.5
1.7 3
1.7 2.9
1.7 2.9
1.7 2.9
1.7 2.8
Financial Activities Pct Chg Year Ago
4.3 3.2
4.4 4.9
4.4 2.8
4.4 3
4.5 3
4.5 3.2
4.5 3
4.5 2.3
4.5 1.6
4.6 1
4.6 0.7
4.6 0.6
4.6 0.8
4.6 0.7
Prof & Business Services Pct Chg Year Ago
7.8 6.6
7.9 6.2
8 6
8.2 6.5
8.2 5.9
8.4 5.7
8.5 6.1
8.7 6.5
8.8 7.3
9 7.8
9.2 7.9
9.4 7.7
9.5 7.1
9.6 6.1
14.7 5.2
14.8 5.7
14.9 3
15 2.5
15.1 2.9
15.2 2.8
15.3 2.7
15.4 2.9
15.5 2.6
15.6 2.9
15.7 3
15.9 2.9
16 3.2
16.1 3.4
Leisure & Hospitality Pct Chg Year Ago
11 5.8
11 5.6
11.1 2.8
11.2 2.4
11.2 2.2
11.2 1.4
11.2 0.7
11.2 0.3
11.2 0.3
11.2 0.5
11.3 0.8
11.3 0.9
11.3 0.8
11.3 0.6
Other Services Pct Chg Year Ago
3.9 3.8
3.9 4.7
3.9 1.5
3.9 1.9
3.9 1.8
3.9 1.9
4 1.9
4 1.4
4 1.3
4 1.1
4 1
4 1.2
4 1.2
4 1.4
Federal Government Pct Chg Year Ago
0.7 -0.3
0.7 0.3
0.7 -1.5
0.7 -1.9
0.7 -1.8
0.7 -1.7
0.7 -1.7
0.7 -1.7
0.7 -1.5
0.7 -1.2
0.7 -0.9
0.7 -0.7
0.7 -0.4
0.7 -0.3
State & Local Government Pct Chg Year Ago
16.5 0.8
16.5 0.3
16.6 0.6
16.6 0.9
16.6 1.1
16.7 1.2
16.7 1.1
16.8 1.1
16.9 1.3
16.9 1.4
17 1.6
17.1 1.6
17.1 1.7
17.2 1.6
Construction & Mining Pct Chg Year Ago
Educ & Health Services Pct Chg Year Ago
Other Economic Indicators
Gross Metro Product (00$ Mil)
6542.2
6576.2
6620.3
6675.6
6729.8
6789.5
6858.2
6935.8
7006.5
7084.3
7162.5
7235.3
7304.9
7372.9
Population (Ths) Pct Chg Year Ago
336.2 0.8
337.2 0.9
338.2 1.1
339.4 1.2
340.8 1.4
342.4 1.5
344.1 1.7
346 1.9
348.1 2.1
350.2 2.3
352.3 2.4
354.5 2.4
356.7 2.5
358.9 2.5
Labor Force (Ths) Pct Chg Year Ago
135.4 1.6
136.2 2.9
137 2.5
137.8 2.3
138.5 2.3
139.3 2.2
140 2.3
140.8 2.2
141.6 2.2
142.3 2.2
143.1 2.2
143.8 2.1
144.4 2
145.1 1.9
Unemployment Rate (%)
9.6
9.6
9.6
9.7
9.8
9.8
9.7
9.7
9.7
9.5
9.4
9.3
9.1
9
Total Housing Starts Single-Family Multifamily
857 827 30
1127 1084 43
1441 1378 63
1809 1712 96
2112 1985 128
2553 2390 162
2896 2698 198
3136 2926 210
3349 3128 221
3555 3334 221
3720 3499 222
3846 3624 222
3929 3701 228
3969 3738 231
Institute for Economic Competitiveness
63