CAPE CORAL - FORT MYERS
Short Term Outlook for Cape Coral-Fort Myers, FL December 2021 Forecast 2021:Q4
2022:Q1
2022:Q2
2022:Q3
2022:Q4
2023:Q1
2023:Q2
2023:Q3
2023:Q4
2024:Q1
2024:Q2
2024:Q1
2024:Q2
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
45.5 7.1 16.3 29.2
45.6 -7.4 16.5 29.1
46.3 0.7 16.7 29.5
47.0 2.6 16.9 30.0
47.5 4.2 17.1 30.4
47.9 5.1 17.2 30.7
48.5 4.9 17.5 31.0
49.2 4.7 17.7 31.5
49.8 4.9 17.9 31.9
50.4 5.2 18.1 32.3
50.9 4.9 18.3 32.6
51.6 4.9 18.5 33.0
52.3 5.0 18.8 33.5
Real Personal Income (12$) Pct Chg Year Ago
40.2 2.3
40.1 -11.0
40.5 -2.2
40.9 0.3
41.2 2.4
41.4 3.2
41.7 3.0
42.1 2.8
42.4 3.0
42.7 3.2
42.9 2.9
43.3 2.8
43.6 2.8
Per Capita Income (Ths) Real Per Capita Income (12$)
57.7 51.0
57.5 50.6
58.1 50.8
58.7 51.1
59.1 51.2
59.4 51.3
59.8 51.4
60.3 51.6
60.8 51.8
61.3 51.9
61.6 52.0
62.1 52.1
62.7 52.3
Average Annual Wage (Ths) Pct Chg Year Ago
58.2 3.5
58.6 3.7
58.8 2.0
59.1 1.5
59.3 1.9
59.6 1.6
59.9 1.8
60.2 1.9
60.7 2.3
61.2 2.8
61.8 3.3
62.5 3.8
63.1 4.0
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
279.2 4.2
279.8 4.3
282.8 4.4
284.8 3.1
286.6 2.7
287.9 2.9
290.8 2.8
292.7 2.8
293.8 2.5
294.3 2.2
294.7 1.3
295.4 0.9
296.2 0.8
Manufacturing Pct Chg Year Ago
6.7 3.0
6.7 3.2
6.7 4.1
6.7 1.4
6.8 1.4
6.8 1.3
6.8 0.7
6.8 0.5
6.7 -0.4
6.7 -1.0
6.7 -1.6
6.6 -1.9
6.6 -2.0
Nonmanufacturing Pct Chg Year Ago
272.5 4.2
273.1 4.3
276.1 4.5
278.0 3.1
279.9 2.7
281.2 3.0
284.1 2.9
285.9 2.8
287.1 2.6
287.6 2.3
288.0 1.4
288.8 1.0
289.6 0.9
Construction & Mining Pct Chg Year Ago
35.2 2.0
34.7 0.4
34.4 0.4
34.2 -3.9
33.8 -3.9
33.5 -3.4
33.2 -3.6
32.8 -4.0
32.6 -3.8
32.4 -3.5
32.3 -2.7
32.3 -1.7
32.3 -0.9
Trade, Trans, & Utilities Pct Chg Year Ago
55.0 2.7
53.9 0.1
53.5 -0.8
53.5 -1.3
52.6 -4.4
52.4 -2.8
53.4 -0.2
53.4 -0.2
53.5 1.6
52.9 1.1
51.7 -3.2
51.4 -3.8
51.3 -4.1
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
8.1 40.0 6.9
8.2 38.7 6.9
8.4 38.1 6.9
8.7 37.7 7.1
8.8 36.8 7.1
8.9 36.4 7.1
9.0 37.4 7.0
9.0 37.3 7.0
9.1 37.3 7.0
9.3 36.6 7.1
9.5 35.1 7.2
9.5 34.6 7.2
9.6 34.4 7.3
Information Pct Chg Year Ago
2.9 8.5
3.0 14.5
3.1 14.6
3.1 11.7
3.1 8.2
3.1 4.2
3.2 2.9
3.2 3.3
3.3 5.6
3.4 7.8
3.4 7.6
3.4 5.7
3.4 2.1
Financial Activities Pct Chg Year Ago
14.5 9.2
14.8 10.2
15.1 8.8
15.4 7.0
15.4 5.8
15.6 5.7
15.6 3.4
15.7 2.2
15.8 2.6
15.9 1.9
16.1 2.8
16.2 3.0
16.2 2.8
Prof & Business Services Pct Chg Year Ago
36.3 -2.4
37.6 2.1
38.6 7.3
38.9 7.5
39.0 7.5
39.3 4.5
39.1 1.4
39.1 0.6
39.4 0.9
39.8 1.3
40.3 3.0
40.6 3.8
40.8 3.7
Educ & Health Services Pct Chg Year Ago
32.6 4.1
32.9 4.1
33.8 6.1
33.9 4.8
33.7 3.3
33.7 2.5
33.6 -0.6
33.5 -1.3
33.5 -0.5
33.8 0.2
34.0 1.3
34.3 2.3
34.4 2.7
Leisure & Hospitality Pct Chg Year Ago
40.5 15.4
40.0 12.7
40.3 3.7
40.8 3.1
43.4 7.1
44.2 10.7
46.5 15.4
48.3 18.2
48.9 12.8
49.0 10.9
49.5 6.5
49.7 3.0
50.0 2.2
Other Services Pct Chg Year Ago
11.3 5.5
11.6 7.6
12.2 11.0
12.7 16.0
12.9 14.2
13.1 12.5
13.1 7.1
13.2 3.5
13.3 2.5
13.4 2.4
13.5 3.5
13.7 3.7
13.8 3.9
Federal Government Pct Chg Year Ago
2.4 -6.9
2.4 1.8
2.5 3.4
2.5 9.0
2.6 7.2
2.6 6.3
2.6 4.8
2.6 3.5
2.6 2.1
2.6 1.3
2.6 0.8
2.6 0.5
2.6 0.4
State & Local Government Pct Chg Year Ago
41.7 2.9
42.2 4.6
42.6 8.1
43.0 4.1
43.3 3.8
43.6 3.3
43.8 2.9
44.2 2.6
44.3 2.3
44.5 1.9
44.6 1.7
44.7 1.2
44.8 1.1
Population (Ths) Pct Chg Year Ago
788.7 2.2
792.9 2.2
796.7 2.2
800.0 2.0
803.3 1.9
807.0 1.8
811.0 1.8
815.0 1.9
818.6 1.9
822.3 1.9
826.1 1.9
829.9 1.8
833.8 1.9
Labor Force (Ths) Pct Chg Year Ago
365.7 6.4
368.5 6.3
370.7 5.2
373.1 3.2
375.0 2.5
376.6 2.2
378.4 2.1
379.7 1.8
380.7 1.5
381.5 1.3
382.5 1.1
384.1 1.2
385.8 1.3
4.7
4.4
4.2
4.0
3.9
3.8
3.8
3.8
3.7
3.6
3.5
3.5
3.4
13393.9 12382.5 11470.3 10838.2 10309.7 10693.5 9523.6 8507.6 7633.8 7028.6 2700.4 2859.0 2962.8 3204.4 3281.1
9733.0 6518.5 3214.5
9210.4 6055.3 3155.1
8901.1 5816.5 3084.6
8867.1 5768.8 3098.3
8720.9 5616.0 3104.9
8602.3 5537.4 3064.8
8595.1 5560.1 3035.0
8509.5 5509.7 2999.7
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
Institute for Economic Forecasting
29