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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Employment +2.1%
MSA employment grew 3,707 from January to February 2017
MSA employment up 6,302 from February 2016
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
MSA labor force up 6,533 from February 2016
MSA average monthly employment, January to February
Unemployment Rate 4.5%
MSA unemployment rate down 0.7 points from January to February
MSA unemployment rate unchanged from February 2016
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
MSA average weekly wage up 6.4% from Q3 2015 to Q3 2016
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
26 fewer initial claims in March 2017 than in 2016 for the MSA
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
Taxable sales $19.6 million higher in December 2016 than December 2015 for the MSA
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
6 more permits issued in December 2016 than in December 2015 in Leon County
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
32 fewer foreclosures in December 2016 than in December 2015 in Leon County
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
MSA median sales price increased $9,900 from February 2016 to February 2017
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
37,401 more visitors in Q1 of FY 2017 than in Q1 of FY 2016
Average visitors per quarter in FY 2017
TLH Passengers +3.6%
1,864 more passengers in February than in January
2,529 more passengers in February 2017 than in February 2016
Average monthly passengers from January to February