TA M PA – S T. P E T E R S B U R G – C L E A R WAT E R
Short Term Outlook for Tampa-St. Petersburg-Clearwater, FL July 2021 2021:Q1 2021:Q2 2021:Q3 2021:Q4 2022:Q1 2022:Q2 2022:Q3 2022:Q4 2023:Q1 2023:Q2 2023:Q3 2023:Q4 2024:Q1
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
179.9 5.4 90.4 89.5
178.9 4.6 92.5 86.5
178.4 5.3 94.0 84.4
181.0 -4.5 95.0 86.0
183.1 1.8 96.0 87.1
185.2 3.5 97.0 88.1
186.9 4.7 98.1 88.8
188.6 4.2 99.3 89.3
190.6 4.1 100.4 90.2
192.6 4.0 101.5 91.1
194.7 4.2 102.7 92.0
197.2 4.6 104.0 93.2
199.5 4.7 105.3 94.2
Real Personal Income (12$) Pct Chg Year Ago
161.6 2.5
160.1 2.1
159.1 2.8
160.7 -6.3
161.9 0.2
163.1 1.9
164.0 3.1
164.7 2.5
165.7 2.3
166.6 2.2
167.6 2.2
168.9 2.6
170.1 2.7
Per Capita Income (Ths) Real Per Capita Income (12$)
54.9 49.3
54.5 48.8
54.2 48.3
54.8 48.6
55.3 48.9
55.7 49.1
56.1 49.2
56.5 49.3
57.0 49.5
57.4 49.7
57.9 49.9
58.5 50.2
59.1 50.4
Average Annual Wage (Ths) Pct Chg Year Ago
64.7 6.9
64.7 4.2
64.9 2.8
65.1 1.7
65.5 1.3
65.9 1.9
66.4 2.3
67.0 2.9
67.6 3.2
68.1 3.4
68.8 3.6
69.5 3.7
70.1 3.8
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
1385.5 8.2
1416.5 6.2
1435.9 6.3
1447.4 6.1
1453.4 4.9
1459.5 3.0
1464.8 2.0
1470.1 1.6
1473.5 1.4
1476.9 1.2
1480.7 1.1
1484.7 1.0
1489.0 1.1
Manufacturing Pct Chg Year Ago
68.2 4.6
68.4 3.6
68.0 0.7
68.3 0.6
68.5 0.5
68.8 0.5
68.9 1.2
68.9 0.8
68.8 0.4
68.6 -0.2
68.4 -0.7
68.2 -1.0
68.0 -1.2
Nonmanufacturing Pct Chg Year Ago
1317.4 8.4
1348.0 6.3
1367.9 6.5
1379.1 6.4
1384.9 5.1
1390.7 3.2
1395.9 2.1
1401.2 1.6
1404.7 1.4
1408.3 1.3
1412.3 1.2
1416.6 1.1
1421.1 1.2
86.4 6.1
87.4 3.5
87.6 4.4
87.7 1.9
87.9 1.6
87.8 0.4
87.7 0.1
87.7 0.0
87.8 -0.1
87.8 0.0
87.7 0.1
87.8 0.1
87.8 0.0
Trade, Trans, & Utilities Pct Chg Year Ago
257.9 8.4
262.1 4.7
262.1 4.0
258.8 1.6
255.9 -0.8
255.5 -2.5
251.1 -4.2
249.5 -3.6
252.0 -1.5
250.3 -2.0
249.7 -0.6
247.2 -0.9
244.4 -3.0
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
55.8 159.1 43.0
55.7 162.3 44.0
56.2 161.5 44.4
56.5 157.6 44.7
56.9 153.9 45.1
59.1 150.4 46.1
59.6 145.5 46.0
60.2 143.1 46.2
60.0 146.0 46.0
60.0 144.5 45.9
60.1 143.7 45.8
60.5 140.7 46.0
60.9 137.1 46.3
Information Pct Chg Year Ago
24.7 4.4
25.2 5.7
25.7 6.5
26.6 9.2
26.7 8.3
27.2 7.8
26.9 4.9
27.0 1.4
27.1 1.7
27.3 0.4
27.5 2.1
27.8 3.0
28.1 3.4
Financial Activities Pct Chg Year Ago
127.7 4.3
129.4 5.0
129.9 2.6
131.2 3.1
133.5 4.6
135.9 5.0
135.9 4.6
136.2 3.8
135.1 1.2
134.7 -0.9
134.7 -0.9
135.0 -0.9
135.5 0.3
Prof & Business Services Pct Chg Year Ago
260.0 9.0
267.6 7.7
275.8 8.9
286.3 10.8
287.1 10.4
284.3 6.2
285.4 3.5
287.7 0.5
287.5 0.1
289.0 1.6
290.9 1.9
294.2 2.3
298.2 3.7
Educ & Health Services Pct Chg Year Ago
214.5 3.6
217.3 3.2
218.4 2.6
216.6 1.8
221.2 3.1
222.0 2.2
220.5 0.9
221.0 2.0
220.4 -0.4
220.8 -0.5
221.3 0.4
222.5 0.7
223.2 1.3
Leisure & Hospitality Pct Chg Year Ago
145.1 31.8
154.3 19.8
159.5 20.4
160.4 20.7
159.1 9.6
162.2 5.1
171.6 7.6
174.9 9.0
177.8 11.8
181.7 12.0
183.6 7.0
184.9 5.7
186.4 4.9
Other Services Pct Chg Year Ago
47.2 19.4
49.2 15.0
51.1 14.5
52.8 15.4
54.4 15.1
55.9 13.6
56.3 10.2
56.3 6.7
55.8 2.5
55.5 -0.6
55.4 -1.6
55.5 -1.4
55.7 -0.1
Federal Government Pct Chg Year Ago
28.4 2.2
28.4 -3.6
28.4 -0.8
28.4 0.6
28.5 0.3
28.5 0.2
28.5 0.3
28.5 0.2
28.5 0.1
28.5 0.0
28.5 -0.1
28.5 0.0
28.5 0.0
125.4 -0.7
127.1 0.7
129.3 3.2
130.2 3.6
130.7 4.2
131.4 3.4
132.0 2.1
132.5 1.8
132.7 1.5
132.7 0.9
133.0 0.7
133.1 0.5
133.2 0.4
Population (Ths) Pct Chg Year Ago
3275.3 1.0
3284.1 1.0
3293.7 1.1
3303.8 1.1
3312.9 1.1
3322.0 1.2
3330.8 1.1
3338.8 1.1
3346.7 1.0
3353.9 1.0
3361.2 0.9
3368.5 0.9
3375.9 0.9
Labor Force (Ths) Pct Chg Year Ago
1588.3 9.7
1609.8 6.8
1617.0 6.0
1625.0 3.3
1630.8 2.7
1640.1 1.9
1645.9 1.8
1651.1 1.6
1657.1 1.6
1662.4 1.4
1666.8 1.3
1670.9 1.2
1675.4 1.1
4.4
4.1
3.6
3.6
3.5
3.4
3.3
3.2
3.2
3.1
3.1
3.1
3.0
Construction & Mining Pct Chg Year Ago
State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
26040.9 25418.1 25046.5 24343.6 23533.8 22802.2 22201.4 21688.2 21345.1 21261.8 21459.4 21482.0 21406.1 20800.2 20002.6 19301.5 18426.8 17577.1 16844.2 16323.7 15942.2 15616.6 15568.2 15777.8 15808.5 15786.9 5240.7 5415.6 5745.0 5916.9 5956.7 5957.9 5877.7 5746.0 5728.5 5693.6 5681.6 5673.6 5619.2
Institute for Economic Forecasting
139