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 +0.1%
MSA employment grew 180 from November to December 2016
+2.0%
MSA employment up 3,565 from December 2015
176,671
MSA average monthly employment, January to December
Labor Force -0.1%
MSA labor force decreased by 224 from November to December 2016
+2.0%
MSA labor force up 3,628 from December 2015
186,294
MSA average monthly employment, January to December
Unemployment Rate 4.5%
MSA unemployment rate down 0.2 points from November to December 2016
-0.1%
MSA unemployment rate down from December 2015
4.7%
MSA average monthly unemployment rate, January to December
Average Weekly Wage +$36
MSA average weekly wage up $36 from Q1 2016 to Q2 2016
+$16
MSA average weekly wage up $16 from Q2 2015 to Q2 2016
$778
MSA average weekly wage Q1 to Q2 2016
Initial Claims for Unemployment Compensation +7.0%
30 more initial claims in December than in November for the MSA
-8.4%
42 fewer initial claims in December 2016 than December 2015 for the MSA
499
Average monthly initial claims made from January to December for the MSA
Taxable Sales -3.0%
Taxable sales decreased $12.4 million from September to October for the MSA
+3.8%
Taxable sales up $14.4 million from October 2015 for the MSA
$389.4M
Average monthly taxable sales from January to October 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 +6.9%
Median sales price increased $13,050 from November to December for the MSA
+20.8%
MSA median sales price increased $35,000 from December 2015 to December 2016
$187,000
Single-family median sales price for the MSA in 2016
Tourism Total Visitors -14.1%
84,727 fewer visitors in Q4 of FY 2016 than in Q3 of FY 2016
+1.2%
6,096 more visitors in Q4 of FY 2016 than in Q4 of FY 2015
578,030
Average visitors per quarter in FY 2016
TLH Passengers -11.9%
7,736 fewer passengers in December than in November
+4.2%
2,294 more passengers in December 2016 than in December 2015
59,474
Average monthly passengers from January to December