LOOKING FOR MORE DATA? The Office of Economic Vitality is the source for Tallahassee-Leon County economic information and data. We track 80 key economic indicators, construction and development trends—both commercial and residential—as well as maintain a statistical digest, some of which are featured below. Whether your business needs assistance, you are looking to the perfect site for your business or need help from our expert analysts, we are here to help. Please visit any of the following categories to quickly access the information you need:
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INDICATOR* MOST RECENT SINCE LAST YEAR WHAT DOES THIS MEAN?

194,854

4th Quarter 2019

+2.7%

Up 5,211 from Q4 2018

Employment was up 1.8% from Q3 2019 while year-over-year employment levels have increased 16 quarters in a row. MSA preliminary monthly average of 191,036 was 2.7% higher than the 2018 monthly average.
Unemployment Claims

1,096

4th Quarter 2019

-29.1%

450 fewer than in Q4 2018

Initial Claims for Unemployment Compensation in Q3 2019 were the fewest for any Q4 since before 2010 and 32% lower than the Q4 average of the past five years.

161

4th Quarter 2019

+61.0%

61 more than in Q4 2018

New Single-Family Construction Permits in Leon County increased 6.6% from Q3 2019, and were 38% higher than the Q4 average of 117 during 2010 to 2018. Permits totaled 672 in 2019, up 11.6% from 2018.

$229,000

3rd Quarter 2019

+6.3%

Up $13,500 from Q3 2018

Median Sales Price was down 0.7% from Q2 2019, has risen in 10 of the past 20 consecutive quarters in the MSA, and has been lower than the statewide median sales price since Q4 2013.
Tourism: Total Visitors

528,900

Q4 FY 2019

+0.6%

Up 2,904 from Q4 of FY 2018

Total Visitors in Leon County typically decrease on average about 16% from Q3 to Q4 of the fiscal year. Q4 FY 2019 was up 0.6% from Q4 FY 2018, 1.8% higher than Q4 FY 2017, and 2.5% higher than Q4 FY 2016.

233,125

4th Quarter 2019

+5.9%

13,041 more than in Q4 2018

TLH Passengers in Q4 2019 were the most for any Q4 since 2007, and 19% higher than the 2014-2018 Q4 average. Total passengers in 2019 were the most since 2007.
Unemployment Rate

2.7%

4th Quarter 2019

-0.6 pts.

Down from 3.3% in Q4  2018

MSA 3-month average Unemployment Rate has decreased for 33 consecutive quarters, comparing same quarter of the prior year.

$843

2nd Quarter 2019

+2.7%

$22 more than in Q2 2018

Average Weekly Wage 4-quarter moving average has increased in all but one of the past 20 quarters.

85

4th Quarter 2019

+70.0%

35 more than in Q4 2018

Mortgage Foreclosures in Leon County decreased 21% from Q3 2019, and were 31% below the Q4 average of 123 during 2014-2018. Foreclosures totaled 435 in 2019, 27% lower than the 2014-2018 average of 597.

6.7%

4th Quarter 2019

+2.6 pts.

Up from 4.1% in Q4 of 2018

Office Vacancy in 2019 averaged 2.4%, an increase of 1.4 points from the annual average vacancy of 5.3% during 2014-2018.
Industrial Vacancy Rate

2.4%

4th Quarter 2019

-0.3 pts.

Up from 2.1% in Q4 of 2018

Industrial Vacancy in 2019 averaged 2.4%, a drop of 3.9 points from the annual average vacancy of 6.3% during 2014-2018.

200,237

4th Quarter 2019

+2.2%

Up 4,371 from Q4 2018

MSA average monthly Labor Force was up 1.1% from Q3 2019, and was 4.4% higher than Q4 2017. Labor Force has grown 15 of the past 20 consecutive quarters, comparing same month of the prior year.

$1.34 B

3rd Quarter 2019

+10.0%

$121.4 M more than in Q3 2018

MSA Taxable Sales were down 0.2% from Q2 2019 and 10% higher than in Q3 2018, and have gone up in 13 of the past 20 quarters, comparing sales to the same quarter of the previous year.

* LEADING INDICATOR: may signal future changes; LAGGING INDICATOR: may confirm pattern already in progress; COINCIDENT INDICATOR: occurs in real time and clarifies condition of economy.

The terms leading, lagging, and coincident deal with the time horizon and not whether the economy is doing “better or worse” relative to somewhere else. Leading indicators are considered to point toward future events, are upstream in the process, and can give a heads-up for anticipated trends. Lagging indicators are seen as confirming a pattern in progress, and can only be known after the event because they are the outcomes of the leading factors that occur upstream. Coincident indicators occur in real-time and clarify the state of the economy. They tend to move in step with general economic trends and give a snapshot context of what is happening and how markets and economies are responding to the factors that affect their direction.