Quarterly Economic Dashboard

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Private sector employment in Q4 2025 decreased by 400 (-0.3%) compared to Q4 2024.
Employment
4th Quarter 2025
204,800
Down 900 from Q4 2024
-0.4%
Initial Claims for Unemployment Compensation were 66% less than the 10-year Q4 average of 1,318 during 2015-2024.
Unemployment Compensation Claims
4th Quarter 2025
447
23 fewer than in Q4 2024
-4.9%
Permits totaled 103 in Leon County (City of Tallahassee, 68; Unincorporated Leon Co., 35), 22.3% lower than the 10-year Q4 average of 133 permits during 2015-2024.
New Single-Family Construction Permits
4th Quarter 2025
103
7 fewer than in Q4 2024
-6.4%
Median Sales Price has risen in 11 of the past 20 quarters. The 977 closed sales in Q3 2025 was the lowest number of sales for any Q3 since 2014.
Median Single-Family Home Sales Price
3rd Quarter 2025
$345,000
Up $15K from Q3 2024
+4.5%
Receipts for Q3 were higher than Q2 in 18 of the past 20 years. Receipts in Q3 were 45% higher than the 5-year Q3 average of $1.96M during 2020-2024.
Tourist Tax Receipts
3rd Quarter 2025
$2.43 M
Up $368K from Q3 2024
+14.9%
TLH Passengers were 8% higher than the 10-year Q4 average of 204,962 during 2015-2024.
Tallahassee Passengers
4th Quarter 2025
222,153
35,298 fewer than in Q4 2024
-13.7%
Unemployment data was not compiled for October 2025. The quarterly average Unemployment Rate was last over 5% in Q1 2021.
Unemployment Rate
Nov. & Dec. 2025
5.1%
Up from 3.5% in Q4 2024
+1.6 pts.
Average Weekly Wage had quarter-to-quarter increases in 13 of the past 20 quarters.
Average Weekly Wage
2nd Quarter 2025
$1,179
$47 more than in Q2 2024
+4.2%
Foreclosures in Leon Co. in Q4 2025 were 26% higher than the 10-year Q4 average of 73 during 2015-2024.
Mortgage Foreclosures
4th Quarter 2025
92
55 more than in Q4 2024
+149%
Office Vacancy has been under 6% every quarter since Q1 2020.
Office Vacancy Rate
4th Quarter 2025
5.2%
Up from 4.3% in Q4 2024
+0.9 pts.
Industrial Vacancy has been under 4% every quarter since Q1 2018.
Industrial Vacancy Rate
4th Quarter 2025
3.8%
Up from 2.5% in Q4 2024
+1.3 pts.
Labor Force data was not compiled for October 2025. Over the past 10 years, Q4 Labor Force growth compared to Q3 has averaged 0.8%.
Labor Force
Nov. & Dec. 2025
209,094
Down 1,932 from Q4 2024
-0.9%
Taxable Sales in Q3 were down from Q2 in 8 of the past 10 years. Consumer nondurables accounted for 28% of taxable sales in Q3; autos & accessories, 21%.
Taxable Sales
3rd Quarter 2025
$1.65 B
Up $56M from Q3 2024
+3.5%

Support Small Businesses to Strengthen the Local Economy

According to the American Independent Business Alliance, independent retailers return more than three times as much money per dollar of sales than chain competitors. This means more of each dollar spent at a local, independent business is returned to the communitysupporting wages, suppliers and livelihoods. Visit our local business directory to support small businesses in Tallahassee-Leon County.