Quarterly Economic Dashboard

Employment was down 1.3% from the Q1 2025 average of 204,900. Private sector employment in Q2 2025 increased by 3,500 (2.6%) compared to Q2 2024.

Initial Claims for Unemployment Compensation in Q2 2025 were up by 153 (31.9%) from a total of 480 in Q1 2025, and 79% less than the 10-year Q2 average of 3,026 during 2015-2024.

Permits totaled 109 in Leon County (City of Tallahassee, 80; Unincorporated Leon Co., 29), 29% lower than the 10-year Q3 average of 154 permits during 2015-2024.

The -1.9% reduction in Median Sales Price was the first year-over-year decrease since Q4 2013.

Receipts for Q2 were higher than Q1 in 20 of the past 21 years. Receipts in Q2 2025 were 45% higher than the 5-year Q2 average of $1.96M during 2020-2024.

TLH Passengers were 20% higher than the 10-year Q3 average of 184,714 during 2015-2024.

The MSA 3-month average Unemployment Rate was up 0.1 points from 3.7% in Q1 2025. The 3-month average Unemployment Rate has been under 4% since Q4 2021.

Q1 Average Weekly Wage has been lower than the previous quarter every year since 2004.

Foreclosures in Leon Co. in Q3 2025 were the most since Q3 2019 though only 3% higher than the 10-year Q3 average of 89 during 2015-2024.

Metro area Office Vacancy was the highest since Q3 2023 but has been under 6% every quarter since Q1 2020.

Industrial Vacancy has been under 4% every quarter since Q1 2018.

Metro area average monthly Labor Force was down 2,575 (-1.2%) from Q1 2025. Statewide labor force in Q2 2025 was up only 0.2% compared to Q2 2024.

Taxable Sales in Q2 were up from Q1 in eight of the past 10 years. Consumer nondurables accounted for 29% of taxable sales in Q2; autos and accessories, 21%.