P a l m B a y – M e l b o u r n e – Ti t u s v i l l e
Quarterly Outlook for Palm Bay-Melbourne-Titusville, FL
June 2009 Forecast*
2009Q2 2009Q3 2009Q4 2010Q1 2010Q2 2010Q3 2010Q4 2011Q1 2011Q2 2011Q3 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4
Personal Income (Billions $)
Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
18.9 -2.2 8.8 10.1
18.7 -2.6 8.8 10
18.8 -1.7 8.8 10
18.9 -0.6 8.8 10.1
19.1 0.8 8.9 10.2
19.3 2.9 9 10.3
19.5 3.6 9.1 10.4
19.7 4.1 9.1 10.5
19.9 4.4 9.2 10.7
20.2 4.7 9.4 10.8
20.5 5.2 9.5 11
20.8 5.6 9.6 11.2
21.1 6 9.7 11.4
21.4 6.3 9.9 11.6
21.8 6.3 10 11.7
Real Personal Income (00$) Pct Chg Year Ago
15.6 -1.9
15.5 -1.1
15.5 -1.6
15.5 -1.1
15.6 -0.2
15.7 1.5
15.8 2
15.9 2.4
16 2.6
16.1 2.8
16.3 3.3
16.5 3.7
16.7 4.2
16.8 4.4
17 4.4
Per Capita Income (Ths) Real Per Capita Income (00$)
35.2 29
34.8 28.7
34.9 28.8
35.2 28.9
35.5 29
35.8 29.2
36.1 29.3
36.5 29.4
36.9 29.6
37.3 29.8
37.8 30.1
38.3 30.3
38.8 30.6
39.3 30.9
39.8 31.1
Average Annual Wage (Ths) Pct Chg Year Ago
44.4 3.3
44.6 2.9
44.9 2.5
45.2 2.6
45.4 2.2
45.6 2.2
45.8 2.1
46.1 2.1
46.3 2.1
46.5 2
46.8 2.1
47.1 2.1
47.4 2.3
47.7 2.5
48 2.7
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
195.1 -6.6
193.5 -6
192.7 -5
192.6 -4.3
193.4 -0.9
193.8 0.1
194.4 0.9
195.4 1.4
196.7 1.7
198 2.2
199.4 2.5
200.8 2.8
202.6 3
204.2 3.1
205.6 3.1
Manufacturing Pct Chg Year Ago
21.9 -8.3
21 -10.2
20.4 -12.1
20.2 -11.4
20 -8.4
20.1 -4.1
20.2 -0.9
20.3 0.6
20.5 2.4
20.7 3.1
21 4.1
21.3 4.9
21.6 5.2
21.8 5
22 4.7
Nonmanufacturing Pct Chg Year Ago
173.2 -6.3
172.5 -5.5
172.3 -4.1
172.4 -3.3
173.4 0.1
173.7 0.7
174.2 1.1
175.1 1.5
176.2 1.6
177.3 2.1
178.3 2.4
179.5 2.5
181 2.7
182.4 2.9
183.6 2.9
Construction & Mining Pct Chg Year Ago
11.7 -10.6
11.4 -10.3
11.1 -10.2
10.9 -11.1
10.6 -9.2
10.4 -8.7
10.4 -6.6
10.4 -4.7
10.5 -1.2
10.7 2.3
10.9 4.7
11.1 7.2
11.4 8.6
11.7 9.2
11.9 9.1
Trade, Trans, & Utilities Pct Chg Year Ago
33.8 -5.8
33.6 -4.2
33.7 -2.2
33.8 -1.4
33.8 0.2
33.9 0.7
33.9 0.6
33.9 0.3
33.8 -0.2
33.8 -0.3
33.9 0.2
34.1 0.6
34.3 1.5
34.5 2.3
34.8 2.5
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
5.7 25.1 3
5.7 25.1 3
5.7 25 3
5.7 25.1 3
5.7 25.2 3
5.7 25.2 3
5.7 25.1 3
5.7 25 3
5.8 24.8 3.1
5.9 24.6 3.1
5.9 24.7 3.2
6 24.8 3.2
6.1 24.9 3.3
6.2 25 3.3
6.3 25 3.4
Information Pct Chg Year Ago
2.8 -1.1
2.8 -3.1
2.7 -2.4
2.7 -6.1
2.6 -6
2.7 -4.7
2.7 -1.2
2.7 2.2
2.8 4.6
2.8 4.2
2.8 2.2
2.8 0.9
2.8 0.4
2.8 0.5
2.8 0.7
Financial Activities Pct Chg Year Ago
7.4 -10.6
7.4 -8.9
7.5 -3.9
7.5 0.3
7.5 0.9
7.5 0.8
7.5 0.2
7.5 0.1
7.5 0.5
7.6 1.2
7.6 1.7
7.6 2
7.7 2.3
7.7 2.5
7.8 2.4
Prof & Business Services Pct Chg Year Ago
29.6 -15.4
29.4 -15.8
29.1 -14.5
29.1 -13.5
29.4 -0.7
29.9 1.6
30.6 5
31.4 7.7
32.1 9.2
32.8 9.7
33.3 8.9
34 8.3
34.6 7.6
35.1 7.1
35.5 6.5
Educ & Health Services Pct Chg Year Ago
30.7 0.4
31 2.1
31.2 2.4
31.7 3.5
32.1 4.4
32.4 4.7
32.6 4.4
32.7 3.2
32.9 2.5
33.1 2.1
33.2 1.8
33.1 1.5
33.3 1.2
33.4 0.9
33.5 0.8
Leisure & Hospitality Pct Chg Year Ago
20.5 -7.3
20.4 -4.6
20.4 -2.3
20.4 -1.3
20.4 -0.8
20.4 -0.4
20.3 -0.7
20.2 -0.6
20.3 -0.5
20.3 -0.2
20.4 0.5
20.4 1
20.5 1.2
20.6 1.5
20.7 1.6
Other Services Pct Chg Year Ago
8 -1.4
7.9 -2.9
8 -1.6
8 -0.5
8 0
8 0.6
8 -0.3
8 -0.3
8 -0.2
7.9 -0.3
7.9 -0.2
7.9 -0.5
7.9 -0.8
7.9 -0.7
7.9 -0.5
Federal Government Pct Chg Year Ago
6.1 -2.6
6 -3.1
6 -1.2
6 -1.5
6.5 6
6.2 2.7
6 -0.4
5.9 -0.2
5.9 -8.2
5.9 -3.7
5.9 -1.1
5.9 -0.8
5.9 -0.4
5.9 -0.1
5.9 0.2
State & Local Government Pct Chg Year Ago
22.6 -0.9
22.5 -0.5
22.5 -0.7
22.5 -0.6
22.5 -0.3
22.5 -0.3
22.4 -0.5
22.4 -0.4
22.4 -0.4
22.4 -0.2
22.4 0.1
22.5 0.3
22.6 1
22.7 1.4
22.9 2.2
Other Economic Indicators Gross Metro Product (00$ Mil)
15642.7
15608.4
15608.4
15635.2
15758.5
15882
16020.3
16131.3
16305.1
16489.6
16673.3
16862.7
17083.1
17278.8
17460.3
Population (Ths) Pct Chg Year Ago
537.4 0.2
537.5 0.1
537.3 0
537.4 0
537.6 0
538 0.1
538.4 0.2
539 0.3
539.8 0.4
540.7 0.5
541.8 0.6
542.9 0.7
544 0.8
545.2 0.8
546.7 0.9
Labor Force (Ths) Pct Chg Year Ago
269.4 1.3
269.3 0.5
269.5 -0.5
270 0.2
270.7 0.5
271.3 0.7
271.8 0.8
272.3 0.8
272.5 0.7
272.9 0.6
273.1 0.5
273.5 0.5
274.1 0.6
274.6 0.6
275.2 0.8
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
10.7
11
11.2
11.4
11.5
11.3
11
10.8
10.5
10.4
10.1
10
9.7
9.4
9.1
1017 836 181
1142 1015 127
1617 1324 293
2104 1749 355
2470 2096 374
2906 2495 411
3305 2870 435
3717 3290 427
4136 3701 435
4453 4007 447
4731 4257 474
4961 4428 533
5257 4662 595
5494 4826 668
5577 4863 714
*Quarterly at an annual rate
106
Florida & Metro Forecast - June 2009