Quarterly Economic Dashboard

Private sector employment in Q3 2026 increased by 1,800 compared to Q3 2025, while public sector employment decreased by 600.

Initial Claims for Unemployment Compensation were 71% less than the 10-year Q3 average of 1,671 during 2016-2025.

Permits totaled 190 in Leon County (City of Tallahassee, 142; Unincorporated Leon Co., 48), 25.7% higher than the 10-year Q3 average of 151 permits during 2016-2025.

Median Sales Price has increased two of the past four quarters. Sales volume rose 2.5% year-over-year, from 1,035 single-family homes in Q2 2025 to 1,061 in Q2 2026.

Receipts for Q2 were up from the prior quarter 9 of the past 10 years. Receipts in Q2 2026 were 34% higher than the 10-year Q2 average of $1.94M during 2016-2025.

Passenger totals in Q3 were up from the prior quarter in 4 of the past 10 years. Q3 2026 was 23% more than the 10-year Q3 average of 190,033 during 2016-2025.

Since the beginning of 2022, the quarterly average Unemployment Rate has been under 5% in 19 of 20 quarters.

Average Weekly Wage in Q1 is consistently less than the prior quarter—every year since 2001. During the past 10 years, the year-over-year quarterly gain has averaged $42.

Foreclosures in Leon Co. in Q3 2026 were 8% lower than the 10-year Q3 average of 81 during 2016-2025.

The average rent rate in Q3 2026 was down 1% compared to the prior quarter. Office Vacancy has been under 6% every quarter since Q2 2022.

As of Q3 2026, Industrial Vacancy was 4% or more during three consecutive quarters for the first time since Q4 2017. Vacancy exceeded 4% every quarter from Q4 2007 to Q4 2017.

The tiny Labor Force dip in Q3 compared to the prior quarter was the first Q2 to Q3 contraction since 2003. In the past 10 years, Labor Force increased year-over-year in 34 of 40 quarters.

Consumer nondurables accounted for 29% of taxable sales in Q21; tourism and recreation, 23%; autos & accessories, 22%; business investment, 13%; and other items, 12%.