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INDICATOR MOST RECENT SINCE LAST PERIOD SINCE LAST YEAR WHAT DOES THIS MEAN?

188,401

Dec. 2018

-0.7%

Down 1,353 from Nov. to Dec.

+2.4%

Up 4,503 from Dec. 2017

Employment levels have now increased for 35 months in a row, comparing the same month of the year prior. MSA monthly average of 187,134 in 2018 was 2% higher than the 2017 monthly average of 183,462.

194,727

Dec. 2018

-0.4%

Down 842 from Nov. to Dec.

+2.3%

Up 4,324 from Dec. 2017

MSA average monthly Labor Force in 2018 of 193,773 was 1.4% higher than the 2017 monthly average of 191,085. Labor Force has grown in all but two of the past 24 months, comparing same month of the prior year.
Unemployment Rate

3.2%

Dec. 2018

+0.2 pts.

Up from 3.0% in Nov.

-0.2 pts.

Down from 3.4% in Dec. 2017

Unemployment Rate was the lowest for any December since 2006, and has decreased for 87 consecutive months, comparing same month of the prior year.

$821

2nd Quarter 2018

-2.5%

$21 less than in Q1 2018

+2.9%

$23 more than in Q2 2017

Average Weekly Wage has increased in all but one of the past 20 quarters, comparing same month of prior year. The 4-quarter moving average has also increased in all but one of the past 20 quarters.
Unemployment Claims

1,472

4th Quarter 2018

+12.9%

168 more than in Q3 2018

+13.1%

171 more than in Q4 2017

Initial Claims for Unemployment Compensation has remained under 1,500 per quarter since Q4 2016.

$416.7 M

Oct. 2018

+2.4%

Up $9.7 M from Sept. to Oct.

+4.3%

$17.1 M more than in Oct. 2017

Taxable Sales were $69.6 million higher in Oct. 2018 than in Oct. 2013, and have gone up in 56 of the past 60 months, comparing sales to the same month of the previous year.

100

4th Quarter 2018

-24.2%

32 fewer than in Q3 2018

-40.5%

68 fewer than in Q4 2017

New Single-Family Construction Permits in Leon County for Q4 2018 were the lowest Q4 since 2014. Single-Family permits for 2018 totaled 602, up from an average of 448 per year during 2008-2016.

50

4th Quarter 2018

-41.9%

36 fewer than in Q3 2018

-59.0%

72 fewer than in Q4 2017

Fewer than 400 Mortgage Foreclosures in Leon County occurred in 2018, the smallest annual total since before 2004. Foreclosures in 2018 averaged 31 per month.

$214,500

4th Quarter 2018

-0.5%

Down $1,000 from Q3 2018

+5.7%

Up $11,500 from Q4 2017

Median Sales Price has risen in 10 of the past 20 quarters in the MSA, and has been lower than the statewide median sales price since Q4 2013.
Tourism: Total Visitors

525,996

Q4 FY 2018

-14.2%

Down 87,316 from Q3 of FY 2018

+1.2%

Up 6,215 from Q4 of FY 2017

Total Visitors in Leon County typically decrease on average about 16% from Q3 to Q4. Q4 of FY 2018 was up 2% from Q4 of FY 2016 and was 3.2% higher than in Q4 of FY 2015.

219,177

4th Quarter 2018

+11.8%

23,141 more than in Q3 2018

+5.5%

11,417 more than in Q4 2017

TLH Passengers in Q4 2018 were the most for any Q4 since 2007. During 2014-2018, passengers in Q4 averaged 195,089.

4.2%

4th Quarter 2018

SAME

Unchanged from Q3 of 2018

+0.3 pts.

Up from 3.9% in Q4 of 2017

Office Vacancy from Q4 2017 to Q4 2018 averaged 4.2%, a drop of 0.2 points from the annual average vacancy of 4.3% in 2016.
Industrial Vacancy Rate

2.0%

4th Quarter 2018

-0.5 pts.

Down from 2.5% in Q3 of 2018

-3.4 pts.

Down from 5.4% in Q4 of 2017

Industrial Vacancy from Q4 2017 to Q4 2018 averaged 3.1%, a drop of 3.0 points from the annual average vacancy of 6.1% in 2016.