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.
Employment
2nd Quarter 2025
202,200
Up 3,900 from Q2 2024
+2.0%
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.
Unemployment Compensation Claims
2nd Quarter 2025
633
94 more than in Q2 2024
+17.4%
Single-Family Construction Permits in Leon Co. totaled 158 (City of Tallahassee, 102; Unincorporated Leon Co., 56), up 15 (10.5%) from 143 permits in Q1 2025, and 9.7% lower than the 10-year Q2 average of 175 permits during 2015-2024.
New Single-Family Construction Permits
2nd Quarter 2025
158
15 more than in Q2 2024
+10.5%
Median Sales Price was up 3.1% from Q4 2024 and has risen in 12 of the past 20 quarters in the MSA. The 9.8% rise was the highest year-over-year rate of increase since 12.5% in Q4 2022.
Median Single-Family Home Sales Price
1st Quarter 2025
$335,000
Up $30K from Q1 2024
+9.8%
Metro area Tourist Development Tax Receipts decreased by 24% from Q4 2024 (receipts for Q1 were lower than Q4 in 18 of the past 20 years). Receipts were 29% higher than the 5-year Q1 average of $1.73M during 2020-2024.
Tourist Tax Receipts
1st Quarter 2025
$2.24 M
Up $53K from Q1 2024
+2.4%
TLH Passengers in Q2 2025 were up 7.3% from Q1 2025 and 28% higher than the 10-year Q2 average of 184,133 during 2015-2024.
Tallahassee Passengers
2nd Quarter 2025
235,617
13,697 fewer than in Q2 2024
-5.5%
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.
Unemployment Rate
2nd Quarter 2025
3.8%
Up from 3.4% in Q2 2024
+0.4 pts.
MSA Average Weekly Wage was up 7.3% from Q3 2024, with quarter-to-quarter increases in 14 of the past 20 quarters.
Average Weekly Wage
4th Quarter 2024
$1,225
$7 more than in Q4 2023
+0.6%
Mortgage Foreclosures in Leon County were up by 14 from a total of 54 in Q1 2025. Foreclosures in Q2 2025 were 32% lower than the 10-year Q2 average of 101 during 2015-2024.
Mortgage Foreclosures
2nd Quarter 2025
68
8 more than in Q2 2024
+13.3%
Metro area Office Vacancy was unchanged from 4.7% in Q1 2025, and has been under 6% every quarter since Q1 2020.
Office Vacancy Rate
2nd Quarter 2025
4.7%
Up from 4.3% in Q2 of 2024
+0.4 pts.
Metro area Industrial Vacancy was up 0.1 points from 3.2% in Q1 2025, and has been under 4% every quarter since Q1 2018.
Industrial Vacancy Rate
2nd Quarter 2025
3.3%
Up from 3.2% in Q2 of 2024
+0.1 pts.
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.
Labor Force
2nd Quarter 2025
208,244
Up 2,033 from Q2 2024
+1.0%
Metro area Taxable Sales in Q1 2025 were down 6.1% from Q4 2024, but 10% higher than the Q1 average of $1.48 B during 2020-2024.
Taxable Sales
1st Quarter 2025
$1.63 B
Down $9.7M from Q1 2024
-0.6%
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