Florida & Metro Economic Forecast March 2018

Page 44

J ackson v ille

Quarterly Outlook for Jacksonville, FL

March 2018

2018Q1

Personal Income (Billions $)

2018Q2

2018Q3

2018Q4

2019Q1

2019Q2

2019Q3

2019Q4

2020Q1

2020Q2

2020Q3

2020Q4

2021Q1

2021Q2

2021Q3

Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income

72.3 4.7 38.6 33.7

73.6 5.2 39.4 34.2

74.8 6.2 40 34.8

76.3 7.5 40.7 35.6

77.9 7.7 41.5 36.5

79.3 7.8 42.1 37.2

80.8 8 42.7 38.1

82.2 7.7 43.3 38.9

83.7 7.4 43.9 39.8

85.1 7.2 44.6 40.5

86.5 7 45.2 41.2

87.8 6.8 45.9 41.9

89.2 6.6 46.6 42.6

90.6 6.4 47.3 43.3

91.8 6.2 48 43.9

Real Personal Income (09$) Pct Chg Year Ago

64.4 3.3

65.2 3.7

66 4.5

67 5.7

68.1 5.7

69 5.8

69.9 5.9

70.8 5.6

71.6 5.2

72.4 5

73.2 4.7

73.9 4.5

74.7 4.3

75.4 4.1

76.1 3.9

Per Capita Income (Ths) Real Per Capita Income (09$)

47.4 42.2

48 42.5

48.6 42.9

49.4 43.4

50.2 43.9

50.9 44.3

51.7 44.7

52.4 45.1

53.1 45.5

53.8 45.8

54.5 46.2

55.2 46.4

55.9 46.8

56.5 47.1

57.1 47.3

54 2.6

54.6 2.8

55.1 3.3

55.7 4

56.2 4

56.8 4

57.3 4.1

57.9 4

58.5 4

59 3.9

59.6 3.9

60.2 4

60.9 4.1

61.5 4.3

62.1 4.3

Average Annual Wage (Ths) Pct Chg Year Ago

Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago

701 2.9

707.7 3

712.4 3.3

717.7 3.7

723.2 3.2

727.3 2.8

730.5 2.5

734 2.3

736.6 1.9

741.2 1.9

744.8 2

747.8 1.9

751 2

754.8 1.8

758.4 1.8

Manufacturing Pct Chg Year Ago Nonmanufacturing Pct Chg Year Ago

30.2 1.3 670.8 3

30.3 0.9 677.4 3

30.4 0.7 682 3.4

30.4 0.6 687.3 3.9

30.5 0.9 692.7 3.3

30.6 1 696.6 2.8

30.8 1.5 699.7 2.6

31 2.2 703 2.3

31.2 2.4 705.4 1.8

31.3 2.2 709.9 1.9

31.4 1.9 713.4 2

31.5 1.4 716.3 1.9

31.5 0.8 719.5 2

31.5 0.5 723.3 1.9

31.5 0.3 726.9 1.9

Construction & Mining Pct Chg Year Ago Trade, Trans, & Utilities Pct Chg Year Ago Wholesale Trade Retail Trade Trans, Wrhsng, & Util Information Pct Chg Year Ago Financial Activities Pct Chg Year Ago Prof & Business Services Pct Chg Year Ago Educ & Health Services Pct Chg Year Ago Leisure & Hospitality Pct Chg Year Ago Other Services Pct Chg Year Ago Federal Government Pct Chg Year Ago State & Local Government Pct Chg Year Ago

41.6 5.6 144.9 3.1 27.3 82.3 34.9 9.2 -3 67.3 3.8 108.2 3.6 109.2 3.4 86.6 2.3 27.5 3.6 17.9 0.8 58.4 0.7

41.9 8 145.2 1.4 27.4 81.8 35 9.2 -3.3 68.5 5 111.5 5.3 109.5 2.2 87.8 3.4 27.6 2.9 17.7 -1.2 58.5 1.3

42.4 6.6 145.4 1.1 27.6 81.5 35.1 9.3 -1.7 69 5.2 114.1 7.8 109.8 1.8 88.2 4.1 27.7 3.4 17.5 -2 58.6 1.3

43.1 4.4 145.9 0.8 27.8 81.6 35.2 9.4 -0.8 69.5 6 117.2 10.8 110.1 1.1 88.2 6.4 27.8 2.4 17.4 -3.1 58.7 1

44.1 6.1 146.2 0.9 28 81.9 35.3 9.4 1.7 69.9 3.9 120.8 11.7 110.1 0.8 88.1 1.7 27.9 1.8 17.3 -3.3 58.8 0.7

44.8 7.1 146.5 0.9 28.1 81.9 35.4 9.4 2 70.3 2.6 123.2 10.5 110.3 0.8 87.9 0 28 1.5 17.3 -2.4 59 0.8

45.5 7.5 146.5 0.7 28.2 81.7 35.5 9.4 0.8 70.6 2.4 124.8 9.3 110.6 0.7 87.7 -0.5 28.1 1.3 17.2 -1.4 59.2 1.1

46.2 7.1 146.6 0.5 28.3 81.6 35.5 9.5 0.9 71.1 2.2 125.9 7.5 111.1 0.9 87.9 -0.4 28.1 1 17.2 -1.1 59.4 1.2

46.8 6.1 146.8 0.4 28.5 81.8 35.5 9.5 1.6 71.4 2.2 126.5 4.7 111.6 1.4 88.2 0.1 28.2 1 16.7 -3.4 59.5 1.3

47.2 5.4 146.9 0.3 28.7 81.9 35.6 9.6 2 71.7 2 127.5 3.5 112.3 1.7 88.6 0.8 28.3 0.9 18.3 5.9 59.7 1.2

47.7 4.7 147.1 0.4 28.8 82.1 35.7 9.6 2.3 72.1 2.1 128.9 3.3 112.9 2.1 89 1.5 28.3 0.8 17.9 3.9 59.8 1.1

48.1 4.1 147.4 0.6 28.9 82.3 35.8 9.7 2.3 72.5 2 130.1 3.3 113.5 2.2 89.4 1.7 28.4 0.9 17.1 -0.6 60 1.1

48.6 3.9 147.6 0.5 29.1 82.4 35.8 9.8 2.3 72.9 2.1 131.2 3.7 114.1 2.2 89.5 1.5 28.4 0.8 17 1.6 60.3 1.3

49.1 3.9 148 0.8 29.2 82.6 35.9 9.8 2.5 73.4 2.4 132.4 3.9 114.6 2.1 89.9 1.5 28.5 0.9 17 -7 60.6 1.5

49.6 4.1 148.2 0.7 29.2 82.9 35.9 9.9 2.6 73.8 2.3 133.8 3.8 115 1.9 90.3 1.5 28.5 0.8 17.1 -4.7 60.8 1.6

1527.5 1.8 761.3 1 4 14105 10026 4079

1533.9 1.8 763.4 1 4.1 14660 10024 4636

1540.2 1.7 765.8 1.2 4.2 14478 10090 4388

1546.2 1.6 768.8 1.3 4.1 14000 9908 4092

1552.1 1.6 771.7 1.4 4 13684 9765 3919

1557.9 1.6 774.7 1.5 4 13616 9715 3901

1563.5 1.5 778.2 1.6 4 13602 9749 3853

1569 1.5 781.7 1.7 4 13657 9819 3837

1574.6 1.4 785.3 1.8 4 13851 9905 3946

1580.1 1.4 789.2 1.9 4 13961 10000 3961

1585.7 1.4 792.7 1.9 4 14179 10118 4061

1591.3 1.4 796 1.8 4 14249 10140 4109

1596.8 1.4 799.3 1.8 4 14481 10229 4252

1602.3 1.4 802.5 1.7 4 14666 10343 4323

1607.9 1.4 805.8 1.6 3.9 14773 10402 4370

Other Economic Indicators Population (Ths) Pct Chg Year Ago Labor Force (Ths) Pct Chg Year Ago Unemployment Rate (%) Total Housing Starts Single-Family Multifamily

44

Florida & Metro Forecast / March 2018


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