T a m pa – St . P ete r s bu r g – C l ea r w ate r
Quarterly Outlook for Tampa-St. Petersburg-Clearwater, FL
December 2012
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2
Personal Income (Billions $)
Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
114.2 3.8 56.9 57.4
115.8 3.8 57.6 58.2
117.2 4.5 58.3 58.9
118.6 5 59 59.6
120.6 5.5 59.8 60.8
122 5.4 60.5 61.5
123.7 5.5 61.3 62.3
125.4 5.7 62.2 63.2
127.2 5.5 63.1 64.1
128.9 5.6 63.9 64.9
130.6 5.6 64.8 65.8
132.1 5.4 65.7 66.4
134.2 5.5 66.5 67.7
135.9 5.5 67.3 68.6
98 2.6
99.1 2.7
99.9 3.4
100.8 3.7
102 4.1
102.9 3.8
103.8 3.9
104.9 4
105.9 3.8
106.9 3.9
107.9 3.9
108.7 3.7
109.9 3.8
110.8 3.6
Per Capita Income (Ths) Real Per Capita Income (05$)
39.5 33.9
39.9 34.2
40.2 34.3
40.6 34.5
41.1 34.8
41.4 34.9
41.8 35.1
42.2 35.3
42.6 35.5
43 35.7
43.4 35.9
43.8 36
44.3 36.3
44.7 36.4
Average Annual Wage (Ths) Pct Chg Year Ago
48.4 2.3
48.7 2.2
49 2.6
49.3 2.9
49.7 2.8
50.1 2.8
50.4 2.8
50.7 2.8
51.1 2.9
51.5 2.8
51.8 2.8
52.2 2.8
52.5 2.7
52.9 2.7
Real Personal Income (05$) Pct Chg Year Ago
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
1163.2 1.8
1169.4 1.9
1176.7 2.3
1183.9 2.4
1190.1 2.3
1196.6 2.3
1204.4 2.4
1213.5 2.5
1221.7 2.7
1229.9 2.8
1238.3 2.8
1246.7 2.7
1254 2.6
1260.9 2.5
Manufacturing Pct Chg Year Ago
58.6 -2.1
58.9 -0.1
59.2 1.3
59.3 1.5
59.6 1.8
59.9 1.6
60.2 1.6
60.5 2
60.8 1.9
61 1.8
61.1 1.6
61.4 1.5
61.6 1.3
61.7 1.2
Nonmanufacturing Pct Chg Year Ago
1104.7 2
1110.5 2
1117.5 2.3
1124.6 2.4
1130.5 2.3
1136.8 2.4
1144.3 2.4
1153 2.5
1160.9 2.7
1169 2.8
1177.2 2.9
1185.3 2.8
1192.5 2.7
1199.2 2.6
Construction & Mining Pct Chg Year Ago
47.2 -0.7
47.8 2.4
48.6 5
49.7 6.1
51 7.9
52.5 9.9
54.2 11.6
56.3 13.2
58.4 14.5
60.5 15.2
62.6 15.4
64.5 14.5
66.2 13.3
67.5 11.6
Trade, Trans, & Utilities Pct Chg Year Ago
213 -0.1
213.7 0.5
214.8 1.9
215.6 1.7
216 1.4
216.5 1.3
217.2 1.1
218.1 1.2
218.8 1.3
219.7 1.5
221 1.8
222.5 2
223.5 2.1
224.4 2.1
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
45.7 142.2 25.1
45.9 142.5 25.4
46.3 143 25.6
46.6 143.4 25.8
46.9 143.2 26
47.2 143.2 26.2
47.6 143.4 26.4
48 143.7 26.6
48.4 143.7 26.9
48.7 144.1 27.1
49.1 144.8 27.4
49.4 145.6 27.6
49.7 146 27.8
50 146.5 28
Information Pct Chg Year Ago
26.1 0.7
26.4 2.2
26.5 1.6
26.4 1.7
26.5 1.6
26.5 0.4
26.7 0.8
26.9 1.8
27.1 2.2
27.1 2.3
27.2 1.9
27.3 1.5
27.5 1.5
27.5 1.4
Financial Activities Pct Chg Year Ago
92.9 1.5
93 1.3
93.4 1.1
93.8 1.3
94.1 1.4
94.5 1.6
94.7 1.4
94.7 1
94.7 0.6
94.5 0
94.4 -0.2
94.4 -0.4
94.4 -0.3
94.4 -0.1
Prof & Business Services Pct Chg Year Ago
203.7 5.8
206.4 4.4
209.4 5.4
212.5 6
214.6 5.4
217.6 5.4
221.7 5.9
226 6.4
229.6 7
232.8 7
235.9 6.4
238.7 5.6
241 5
243.4 4.6
Educ & Health Services Pct Chg Year Ago
188.4 2.4
188.8 2
189.8 1.9
190.6 1.6
191.9 1.9
192.7 2.1
193.5 1.9
194.8 2.2
195.8 2
197.4 2.5
198.9 2.8
200.4 2.9
202.1 3.2
204 3.3
Leisure & Hospitality Pct Chg Year Ago
135 5.2
135.9 4.9
136.4 2.4
137 2.1
137.3 1.7
137.2 1
136.9 0.4
136.9 -0.1
137.1 -0.2
137 -0.1
137 0.1
137.3 0.3
137.3 0.1
137 -0.1
Other Services Pct Chg Year Ago
43.4 -0.9
43.5 0.9
43.6 0.9
43.8 1.3
43.9 1.1
44 1.2
44.1 1.1
44.1 0.7
44.1 0.4
44.1 0.2
44.1 -0.1
44.1 0
44.1 0
44.1 0.1
Federal Government Pct Chg Year Ago
22.2 -1.4
22.1 -2.3
21.9 -2.1
21.8 -2.4
21.6 -2.5
21.5 -2.5
21.4 -2.5
21.2 -2.5
21.1 -2.3
21.1 -2
21 -1.8
20.9 -1.5
20.9 -1.2
20.8 -1.1
132.8 -0.4
132.9 -0.2
133.1 0.1
133.3 0.4
133.5 0.5
133.6 0.5
133.8 0.5
134 0.5
134.3 0.6
134.7 0.8
135 0.9
135.3 0.9
135.6 0.9
135.9 0.9
State & Local Government Pct Chg Year Ago
Other Economic Indicators
Gross Metro Product (00$ Mil)
103933 104473 105224 106149 106952 107923 109026 110258 111322 112419 113491 114501 115482 116424
Population (Ths) Pct Chg Year Ago
2891.2 1.4
2901.7 1.4
2912.5 1.4
2924 1.5
2935.8 1.5
2947.7 1.6
2959.6 1.6
2971.7 1.6
2983.5 1.6
2995.6 1.6
3007.4 1.6
3019.2 1.6
3030.9 1.6
3042.4 1.6
Labor Force (Ths) Pct Chg Year Ago
1327.7 1
1330.2 1.5
1333 1
1336.5 0.8
1339.7 0.9
1342.6 0.9
1346 1
1349.2 1
1352.9 1
1357.6 1.1
1362.7 1.2
1367 1.3
1371.4 1.4
1376 1.4
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
88
8.4
8.3
8.1
8
8
7.9
7.8
7.6
7.5
7.3
7.2
7.1
7
6.8
15045 7782 7263
15368 8198 7170
15929 8884 7045
16635 9540 7095
16977 10105 6872
17639 11179 6460
18403 12164 6240
19360 13191 6169
20291 14110 6181
21323 15085 6239
22263 15906 6357
22975 16495 6479
23677 16962 6715
24175 17276 6899
Florida & Metro Forecast - December 2012