N orth P ort - S arasota - B radenton
Short Term Outlook for North Port-Sarasota-Bradenton, FL March 2022 Forecast 2022:1
2022:2
2022:3
2022:4
2023:1
2023:2
2023:3
2023:4
2024:1
2024:2
2024:3
2024:4
2025:1
57.1 -5.5 19.8 37.3
58.1 3.3 20.2 37.9
59.1 4.9 20.5 38.6
59.7 4.8 20.8 39.0
60.6 6.1 21.0 39.5
61.5 5.9 21.3 40.2
62.6 6.0 21.6 41.0
63.7 6.6 21.9 41.7
64.8 7.0 22.2 42.6
65.6 6.6 22.5 43.1
66.4 6.0 22.7 43.7
67.3 5.7 23.0 44.3
68.2 5.3 23.3 45.0
47.4 -10.5
48.0 -1.3
48.6 1.1
48.9 2.2
49.4 4.1
50.0 4.1
50.7 4.3
51.3 4.7
51.9 5.1
52.3 4.7
52.7 4.0
53.1 3.7
53.6 3.3
Per Capita Income (Ths) Real Per Capita Income (12$)
66.0 54.8
66.8 55.2
67.6 55.6
68.0 55.7
68.6 56.0
69.4 56.4
70.4 56.9
71.3 57.4
72.3 57.9
72.9 58.1
73.5 58.4
74.3 58.6
75.0 58.9
Average Annual Wage (Ths) Pct Chg Year Ago
60.9 7.1
61.8 4.8
62.3 4.0
62.6 3.5
63.0 3.4
63.4 2.6
63.8 2.5
64.3 2.8
64.8 3.0
65.4 3.1
65.9 3.2
66.5 3.3
67.1 3.4
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income Real Personal Income (12$) Pct Chg Year Ago
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
322.8 6.2
325.6 5.5
327.7 4.5
330.3 3.6
332.2 2.9
334.5 2.7
337.2 2.9
339.3 2.7
341.2 2.7
342.5 2.4
343.5 1.9
344.5 1.5
345.4 1.2
Manufacturing Pct Chg Year Ago
17.4 5.2
17.4 4.9
17.3 1.4
17.4 0.2
17.3 -0.8
17.3 -0.5
17.4 0.2
17.4 -0.1
17.3 0.3
17.3 -0.2
17.3 -0.6
17.2 -0.8
17.1 -1.1
Nonmanufacturing Pct Chg Year Ago
305.4 6.2
308.2 5.5
310.4 4.7
312.9 3.7
314.9 3.1
317.2 2.9
319.8 3.0
322.0 2.9
323.9 2.9
325.2 2.5
326.3 2.0
327.3 1.6
328.2 1.3
Construction & Mining Pct Chg Year Ago
28.5 4.7
28.7 6.1
28.8 3.8
29.0 2.3
29.0 1.8
29.1 1.5
29.2 1.2
29.3 1.0
29.4 1.2
29.4 1.3
29.5 1.1
29.6 1.1
29.7 1.2
Trade, Trans, & Utilities Pct Chg Year Ago
62.2 5.2
63.2 6.5
62.9 4.6
62.0 1.5
61.8 -0.7
62.6 -0.9
62.6 -0.6
62.8 1.3
62.5 1.1
61.5 -1.7
61.3 -2.1
61.0 -3.0
60.7 -2.8
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
8.7 45.8 7.7
8.9 46.5 7.8
9.3 45.5 8.1
9.5 44.4 8.2
9.7 43.8 8.3
9.7 44.6 8.4
9.8 44.3 8.4
10.0 44.3 8.6
10.2 43.6 8.7
10.4 42.4 8.8
10.5 41.9 8.9
10.6 41.4 9.0
10.7 40.9 9.1
Information Pct Chg Year Ago
3.6 4.6
3.6 4.8
3.6 2.6
3.7 3.1
3.7 3.6
3.8 5.0
3.7 2.3
3.7 -0.5
3.7 -1.3
3.7 -1.4
3.8 1.2
3.8 3.1
3.8 3.6
Financial Activities Pct Chg Year Ago
15.7 1.0
15.9 4.3
16.2 4.5
16.2 3.9
16.2 3.1
16.1 1.5
16.1 -0.4
16.2 0.3
16.4 1.3
16.6 3.2
16.7 3.7
16.8 3.6
16.9 3.0
Prof & Business Services Pct Chg Year Ago
52.1 12.5
52.1 10.3
52.5 7.5
52.6 2.0
53.1 1.9
53.1 2.0
53.5 1.9
54.1 2.8
54.9 3.4
55.3 4.1
55.5 3.6
55.6 2.7
55.8 1.7
Educ & Health Services Pct Chg Year Ago
60.6 8.5
60.3 6.3
60.6 1.5
60.2 0.0
60.2 -0.7
60.0 -0.4
60.7 0.2
61.1 1.5
61.8 2.7
62.2 3.7
62.4 2.9
62.6 2.5
63.0 1.9
Leisure & Hospitality Pct Chg Year Ago
39.7 3.6
40.8 -0.3
41.5 6.1
44.6 15.4
46.1 16.0
47.5 16.2
48.8 17.5
49.1 10.0
49.3 7.0
50.0 5.3
50.6 3.6
51.0 4.0
51.2 3.8
Other Services Pct Chg Year Ago
14.8 4.3
15.0 2.1
15.3 5.6
15.4 5.3
15.5 4.7
15.4 2.4
15.4 0.5
15.5 1.0
15.7 1.7
15.9 3.4
16.0 3.9
16.2 3.9
16.3 3.7
Federal Government Pct Chg Year Ago
2.0 -3.2
2.1 2.0
2.1 9.1
2.1 2.4
2.1 1.8
2.1 1.4
2.1 1.1
2.1 1.0
2.1 1.2
2.1 1.1
2.1 1.0
2.1 1.1
2.1 1.0
State & Local Government Pct Chg Year Ago
26.1 2.9
26.5 4.8
26.8 4.9
27.1 4.6
27.3 4.4
27.5 3.8
27.7 3.5
28.0 3.4
28.2 3.2
28.3 2.9
28.4 2.5
28.5 2.0
28.7 1.7
Population (Ths) Pct Chg Year Ago
865.0 1.9
869.4 1.9
873.8 2.0
878.2 2.0
882.5 2.0
886.3 1.9
889.8 1.8
893.2 1.7
896.6 1.6
899.9 1.5
903.1 1.5
906.3 1.5
909.5 1.4
Labor Force (Ths) Pct Chg Year Ago
389.3 5.7
393.3 4.4
396.8 3.2
399.8 3.6
401.9 3.2
404.1 2.8
406.3 2.4
408.2 2.1
409.3 1.8
410.2 1.5
410.7 1.1
411.4 0.8
411.9 0.6
3.5
3.2
2.9
2.8
2.8
2.8
2.9
2.9
3.0
3.0
3.1
3.2
3.2
13323.8 11838.6 10815.4 10910.5 9633.4 8815.4 2413.3 2205.2 2000.0
9929.7 8082.2 1847.5
9305.3 7503.8 1801.5
8898.8 7098.8 1800.0
8650.7 6850.4 1800.3
8516.1 6749.5 1766.6
8396.7 6624.9 1771.7
8294.8 6546.1 1748.8
8221.6 6509.1 1712.6
8146.9 6436.1 1710.8
8090.2 6419.7 1670.5
Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
84
Florida & Metro Forecast / Winter 2022