Quarterly Economic Dashboard

Private sector employment in Q1 2026 increased by 800 (0.6%) compared to Q1 2025.

Initial Claims for Unemployment Compensation were 74% less than the 10-year Q1 average of 1,894 during 2016-2025.

Permits totaled 123 in Leon County (City of Tallahassee, 73; Unincorporated Leon Co., 50), 27.9% lower than the 10-year Q1 average of 171 permits during 2016-2025.

Median Sales Price decreased from the prior quarter for the first time since Q4 2024, though the 842 closed sales in Q4 2025 were 3.2% more than the 826 closed sales in Q4 2024.

Receipts for Q4 were higher than Q3 in 20 of the past 21 years. Receipts in Q4 were 13% higher than the 5-year Q4 average of $2.30M during 2020-2024.

TLH Passengers were 11% higher than the 10-year Q1 average of 181,359 during 2016-2025.

Q1 2026 was the first time since Q4 2024 where the quarterly average Unemployment Rate decreased from the prior quarter.

Average Weekly Wage had quarter-to-quarter increases in 12 of the past 20 quarters.

Foreclosures in Leon Co. in Q1 2026 were 4% lower than the 10-year Q1 average of 86 during 2016-2025.

Office Vacancy has been under 6% every quarter since Q3 2021.

Q1 2026 was the first time since Q4 2017 that Industrial Vacancy exceeded 4%.

Q1 2026 was the third consecutive quarter with quarter-to-quarter growth in Labor Force. Statewide Labor Force year-over-year growth was just 0.1% in Q1 2026.

Consumer nondurables accounted for 32% of taxable sales in Q4; tourism and recreation, 24%; autos & accessories, 20%; business investment, 12%; and other items, 12%.