M iami - M iami B each - K endall
Short Term Outlook for Miami-Miami Beach-Kendall, 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 $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
164.4 7.0 82.5 81.9
164.9 -5.4 83.9 81.0
166.6 0.9 84.9 81.6
168.3 2.5 85.9 82.4
169.3 3.0 86.6 82.7
170.7 3.5 87.4 83.3
172.3 3.4 88.0 84.3
173.7 3.2 88.6 85.1
175.1 3.4 89.2 85.8
176.7 3.5 89.9 86.8
178.7 3.7 90.8 87.9
180.9 4.1 91.9 89.0
182.9 4.5 93.0 89.9
Real Personal Income (12$) Pct Chg Year Ago
126.9 2.2
126.8 -9.1
127.5 -2.1
128.2 0.2
128.4 1.1
128.9 1.6
129.5 1.5
130.0 1.4
130.4 1.5
130.9 1.6
131.7 1.7
132.6 2.0
133.4 2.3
Per Capita Income (Ths) Real Per Capita Income (12$)
61.7 47.6
61.9 47.6
62.6 47.9
63.3 48.2
63.7 48.3
64.2 48.5
64.8 48.7
65.2 48.8
65.6 48.9
66.1 49.0
66.8 49.2
67.5 49.5
68.1 49.7
Average Annual Wage (Ths) Pct Chg Year Ago
69.7 2.5
70.4 2.5
70.7 2.0
71.2 2.2
71.5 2.5
72.0 2.3
72.4 2.4
72.8 2.3
73.3 2.5
73.8 2.6
74.4 2.8
75.1 3.0
75.8 3.4
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
1176.0 5.4
1184.6 5.1
1193.8 4.3
1200.0 3.4
1203.3 2.3
1207.1 1.9
1209.0 1.3
1209.4 0.8
1209.9 0.5
1211.3 0.3
1214.0 0.4
1217.5 0.7
1220.5 0.9
Manufacturing Pct Chg Year Ago
41.0 -1.6
41.0 1.2
41.3 2.5
41.2 1.8
41.2 0.6
41.0 0.2
40.8 -1.2
40.4 -1.9
40.2 -2.5
40.0 -2.6
39.7 -2.7
39.5 -2.4
39.2 -2.3
Nonmanufacturing Pct Chg Year Ago
1135.1 5.6
1143.6 5.2
1152.5 4.4
1158.8 3.5
1162.1 2.4
1166.1 2.0
1168.2 1.4
1169.0 0.9
1169.7 0.7
1171.3 0.5
1174.3 0.5
1178.1 0.8
1181.2 1.0
49.8 -6.3
49.7 -5.8
49.7 -1.6
49.8 -0.2
49.9 0.2
49.9 0.4
49.9 0.3
49.8 0.0
49.8 -0.2
49.8 -0.2
49.9 0.1
50.1 0.5
50.2 0.9
Trade, Trans, & Utilities Pct Chg Year Ago
289.2 4.3
287.6 2.6
287.2 1.9
288.9 1.5
286.0 -1.1
285.3 -0.8
287.3 0.0
285.6 -1.2
285.0 -0.3
283.3 -0.7
280.5 -2.4
280.2 -1.9
280.0 -1.8
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
70.2 134.3 84.7
71.1 130.4 86.1
72.2 127.9 87.1
75.0 124.8 89.1
75.7 121.2 89.1
76.3 119.5 89.4
76.2 122.3 88.8
76.2 120.9 88.4
76.4 120.3 88.3
77.2 117.5 88.7
78.2 112.8 89.5
79.0 111.4 89.9
79.7 109.9 90.3
Information Pct Chg Year Ago
19.2 5.5
19.5 5.8
19.6 7.3
19.9 6.4
19.7 2.6
19.7 1.4
19.8 1.0
19.9 -0.3
20.2 2.5
20.5 3.7
20.6 4.1
20.7 3.9
20.6 2.2
Financial Activities Pct Chg Year Ago
84.8 4.3
85.5 5.0
87.0 6.9
88.4 4.3
87.9 3.7
87.6 2.5
86.4 -0.7
85.6 -3.1
85.1 -3.1
85.0 -3.0
85.1 -1.5
85.2 -0.6
85.1 0.0
Prof & Business Services Pct Chg Year Ago
187.1 5.9
194.8 7.7
197.4 5.9
197.4 5.8
198.3 6.0
199.8 2.6
198.8 0.7
198.4 0.5
198.9 0.3
200.3 0.2
202.4 1.8
203.5 2.6
204.5 2.8
Educ & Health Services Pct Chg Year Ago
188.3 0.7
188.6 1.0
193.2 4.9
193.3 3.9
191.1 1.5
191.2 1.4
189.8 -1.8
189.5 -2.0
189.5 -0.9
190.6 -0.3
191.9 1.1
193.5 2.1
194.4 2.6
Leisure & Hospitality Pct Chg Year Ago
128.3 31.5
127.7 23.5
126.1 5.7
127.3 3.8
135.2 5.3
138.3 8.3
142.3 12.8
146.6 15.1
147.7 9.2
148.4 7.3
149.7 5.2
150.4 2.6
151.2 2.4
Other Services Pct Chg Year Ago
48.0 8.8
48.3 7.3
49.7 4.9
51.0 7.0
51.1 6.4
51.2 5.9
50.8 2.1
50.6 -0.7
50.5 -1.2
50.6 -1.2
50.9 0.2
51.2 1.2
51.5 1.9
Federal Government Pct Chg Year Ago
20.5 -4.6
20.4 -4.1
20.3 -1.0
20.3 -0.9
20.2 -1.1
20.2 -0.9
20.2 -0.6
20.2 -0.3
20.2 0.0
20.3 0.3
20.3 0.5
20.4 1.0
20.5 1.3
120.0 2.0
121.6 4.1
122.1 6.9
122.4 3.6
122.7 2.2
122.9 1.0
122.9 0.7
122.9 0.3
122.8 0.1
122.7 -0.1
122.8 -0.1
122.9 0.1
123.1 0.3
Population (Ths) Pct Chg Year Ago
2665.2 -0.7
2662.5 -0.6
2660.7 -0.5
2659.4 -0.3
2658.9 -0.2
2659.3 -0.1
2660.5 0.0
2663.5 0.2
2667.6 0.3
2671.9 0.5
2676.3 0.6
2680.9 0.7
2685.5 0.7
Labor Force (Ths) Pct Chg Year Ago
1352.8 3.9
1359.3 5.1
1359.1 4.1
1357.4 1.1
1356.9 0.3
1358.7 0.0
1361.3 0.2
1362.9 0.4
1363.4 0.5
1365.1 0.5
1368.5 0.5
1372.8 0.7
1378.3 1.1
6.3
5.6
5.1
4.7
4.5
4.4
4.4
4.4
4.4
4.4
4.4
4.4
4.5
12715.3 12407.6 11631.2 11417.1 11168.4 11000.8 10826.9 10643.6 10541.4 10384.5 10183.6 10070.9 2743.7 2961.3 3128.5 3259.4 3398.7 3473.8 3499.5 3557.1 3578.7 3503.1 3453.9 3467.5 9971.6 9446.3 8502.7 8157.7 7769.8 7527.0 7327.4 7086.4 6962.8 6881.4 6729.7 6603.4
9904.8 3432.3 6472.5
Construction & Mining Pct Chg Year Ago
State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
74
Florida & Metro Forecast / Fall 2021
