STATE OF THE LOCAL ECONOMY Tallahassee-Leon County and the Tallahassee Metropolitan Statistical Area (MSA) showed positive growth in 2016. Employment growth continues on a positive trajectory as non-agricultural employment was +1.7%, private sector employment was +3.0% (3,400 jobs), and public sector employment was -0.7% (400 jobs). Wage growth increased in the second quarter 2016 by 2.1% over the second quarter of 2015. First time requests for unemployment claims declined for the fifth straight year. New single-family home construction continues to rebound as permits are up and mortgage foreclosures are down for the fourth straight year.
 
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INDICATOR CURRENT PERIOD YEAR-OVER-YEAR YEAR-TO-DATE
Employment +2.1%
MSA employment grew 3,707 from January to February 2017
+3.5%
MSA employment up 6,302 from February 2016
182,233
MSA average monthly employment, from January to February 2017
Labor Force +1.2%
MSA labor force increased by 2,230 from January to February 2017
+3.5%
MSA labor force up 6,533 from February 2016
191,503
MSA average monthly employment, January to February
Unemployment Rate 4.5%
MSA unemployment rate down 0.7 points from January to February
Unchanged
MSA unemployment rate unchanged from February 2016
4.9%
MSA average monthly unemployment rate, January through February 2017
Average Weekly Wage +$25
MSA average weekly wage up $25 from Q2 2016 to Q3 2016
+6.4%
MSA average weekly wage up 6.4% from Q3 2015 to Q3 2016
$792
MSA average weekly wage Q1 through Q3 2016
Initial Claims for Unemployment Compensation +27.0%
90 more initial claims in March than in February for the MSA
-5.8%
26 fewer initial claims in March 2017 than in 2016 for the MSA
430
Average monthly initial claims made from January to March for the MSA
Taxable Sales +19.5%
Taxable sales increased $75.9 million from November to December for the MSA
+4.4%
Taxable sales $19.6 million higher in December 2016 than December 2015 for the MSA
$395.6M
Average monthly taxable sales from January to December 2016 for the MSA
New SF Construction Permits Unchanged
38 permits issued in November and December in Leon County
+18.8%
6 more permits issued in December 2016 than in December 2015 in Leon County
46
Average monthly permits issued from January to December in Leon County
Mortgage Foreclosures +88.9%
16 more foreclosures in December than in November in Leon County
-48.5%
32 fewer foreclosures in December 2016 than in December 2015 in Leon County
45
Average monthly foreclosures from January to December in Leon County
Median SF Home Sales Price +0.5%
Median sales price increased $900 from January to February for the MSA
+5.6%
MSA median sales price increased $9,900 from February 2016 to February 2017
$185,450
Average monthly median sales price for single-family homes in the MSA in 2017
Tourism Total Visitors 4.9%
25,180 more visitors in Q1 of fiscal year (FY) 2017 than in Q4 of FY 2016
+7.4%
37,401 more visitors in Q1 of FY 2017 than in Q1 of FY 2016
540,981
Average visitors per quarter in FY 2017
TLH Passengers +3.6%
1,864 more passengers in February than in January
+5.0%
2,529 more passengers in February 2017 than in February 2016
52,532
Average monthly passengers from January to February