Tallahassee-Leon County Economic Indicators

The Office of Economic Vitality is the region’s most comprehensive economic data source. Our dedicated team of expert analysts track approximately 80 metrics – providing all the information you need to get to know us quickly and well. Use the interactive graphics to see how our past and present are shaping the bright future of Florida’s Capital Community. Simply click on any of the following categories to quickly access the information you need: Workforce & Income, Residential & Commercial Development, Economic Factors, Community & Environment, Demographics, Education, and Innovation.
 
For a customized report or to ask questions, email the Research & Business Analytics team.

Top Economic Indicators

What are Top Economic Indicators? Leading economic indicators which have the potential to forecast where an economy is headed (i.e. retail sales, building permits, housing market) and lagging economic indicators that indicate how the economy changes over time and can help identify long-term trends (i.e. income and wages, unemployment rate, GDP). These help create a picture of the current performance of our local economy as well as how it will do in the future and include: Employment, Unemployment Rate, Non-Agricultural Employment by Industry, 2010-2016, Wages and Establishments, Initial Claims for Unemployment Compensation, Taxable Sales, Leon County Tourism, New Construction Permits, New Single-Family Construction Permits, GDP, Single-Family Detached Home Sales and Median Price (Closed), Mortgage Foreclosures, Tallahassee International Airport Traffic Statistics

Employment

Total non-farm employment growth for the Tallahassee MSA was 1.7% in 2016, a net increase of 3,000 jobs. Comparatively, 2015 job growth was 0.8%. Total private employment was up 3.0% (gain of 3,400 jobs) while government employment was down 0.7% over the year (loss of 400 jobs).
 
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Unemployment Rate

The local unemployment rate continued to fall in 2016. Leon County’s annual average unemployment rate (preliminary) for 2016 stood at 4.6% (4.7% for the Tallahassee MSA and the State of Florida).
 
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Non-Agricultural Employment by Industry, 2010-2016

Private sector job growth in 2016 was led by gains in Leisure & Hospitality (1,300 jobs), Professional & Business Services (1,000 jobs), and Education & Health Services (500 jobs).
 
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Wages and Establishments

The average weekly wage for both Leon County and the Tallahassee MSA was up 2.1% in Q2 2016 compared with Q2 2015 at $816 and $796 respectively. Wage growth was in-line with a 2.2% growth in wages for Florida and the U.S. over the same time. The total number of establishments in Leon County were up over the period (4.2% in Leon County and 3.8% in the Tallahassee MSA).
 
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Initial Claims for Unemployment Compensation

First time claims for unemployment compensation dropped for the fifth straight year in 2016, down 20% in Leon County and the Tallahassee MSA (compared with a 15% reduction in Florida). As a leading economic indicator, this continual drop signals an improved employment situation.
 
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Taxable Sales

Taxable sales climbed 4.5% in Leon County (4.4% in the Tallahassee MSA) in Q3 2016 compared with Q3 2015 sales. This growth locally was led by a 7.1% growth in consumer nondurables, a 5.8% increase in construction related materials and a 4.4% increase in automobiles and accessories.
 
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Leon County Tourism

Total visitors to Tallahassee/Leon County topped 2.31 million people in FY 2016, in step with the 2.33 million visitors in FY 2015. The total amount of visitor direct expenditures and the total economic impact of tourism in our local area were both up 0.2% in FY 2016.
 
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New Construction Permits

Total building permits issued for new residential construction in Leon County reached 1,846 permitted units in 2016, the highest annual total since 2007. This increase was powered by 1,217 permitted multi-family units including the Evergreen at Southwood (288 units), Arbor Crossing at Buck Lake (208 units) and Apalachee Point Villas Apartments (200 units).
 
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New Single-Family Construction Permits

Total building permits issued for new single-family detached and attached (townhouse) homes in Leon County were up for a fourth straight year in 2016, up 4% from 2015 permit totals. A total of 556 permits for new single-family construction were issued, the highest annual total since 2007, still considerably lower than the historical average (1970-2016) of 1,235 new single family construction permits per year.
 
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GDP

In 2015, GDP for the Tallahassee MSA increased for the third straight year, up 3.5% ($0.5 billion) from 2014. Real GDP increased in 292 of the nation’s 382 metropolitan areas in 2015.
 
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Single-Family Detached Home Sales and Median Price (Closed)

There were 3,155 closed sales of Single Family Homes in Leon County in 2016 (3,972 in the Tallahassee MSA), up 7.9% and 8.4% respectively in comparison with 2015 levels. The median sales price was higher or the same (same month 2015 vs. 2016) in eleven of twelve months.
 
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Mortgage Foreclosures

Mortgage foreclosure cases decreased almost 27% in 2016 when compared to 2015, the fourth consecutive year of declining rates of mortgage foreclosure cases in Leon County and only about one-third of the 2012 total.
 
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Tallahassee International Airport Traffic Statistics

Passenger traffic at Tallahassee International Airport was up 3.0% in 2016 compared with 2015, an increase of more than 20,000 passengers. In addition, 2016 saw the highest annual passenger traffic in a calendar year since 2009.
 
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