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    Jacksonville Economic Snapshot: Employment

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    Employment in the Jacksonville MSA increased 1.7% year-over-year in November 2013, while the unemployment rate decreased 1.7% to 5.8%. The construction, professional and business services, and trade, transportation, and utilities industries saw the largest employment gains, while government and other services saw losses. Median home sales prices in the Jacksonville MSA rose 18.6% from the previous year.

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    Jacksonville Economic Snapshot: Employment

    Uploaded by

    api-246356196
    20 views2 pages
    Employment in the Jacksonville MSA increased 1.7% year-over-year in November 2013, while the unemployment rate decreased 1.7% to 5.8%. The construction, professional and business services, and trade, transportation, and utilities industries saw the largest employment gains, while government and other services saw losses. Median home sales prices in the Jacksonville MSA rose 18.6% from the previous year.

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    Employment in the Jacksonville MSA increased 1.7% year-over-year in November 2013, while the unemployment rate decreased 1.7% to 5.8%. The construction, professional and business services, and trade, transportation, and utilities industries saw the largest employment gains, while government and other services saw losses. Median home sales prices in the Jacksonville MSA rose 18.6% from the previous year.

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    Download as PDF, TXT or read online from Scribd
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    20 views2 pages

    Jacksonville Economic Snapshot: Employment

    Uploaded by

    api-246356196
    Employment in the Jacksonville MSA increased 1.7% year-over-year in November 2013, while the unemployment rate decreased 1.7% to 5.8%. The construction, professional and business services, and trade, transportation, and utilities industries saw the largest employment gains, while government and other services saw losses. Median home sales prices in the Jacksonville MSA rose 18.6% from the previous year.

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    Jacksonville Economic Snapshot

    November 2013 Data


    (Current Figures and Year-Over-Year Change)

    Figures show positive trend for Jax


    Figures show negative trend for Jax

    Legend

    Employment
    Employment
    Geography Current Level Y/Y Change

    (All Figures Not Seasonally Adjusted)

    Unemployment
    JAX MSA 656,070 +1.7% Florida 8,803,000 +1.9% U.S. 144,775,000 +0.9% Geography Current Level Current Rate Y/Y Change

    JAX MSA 40,715 5.8% -1.7% Florida 582,000 6.2% -1.7% U.S. 10,271,000 6.6% -0.8%

    Source: Florida Department of Economic Opportunity, Local Area Unemployment Statistics

    Source: Florida Department of Economic Opportunity, Local Area Unemployment Statistics

    Employment by Industry*
    Industry Sector Construction

    Biggest Year-Over-Year Net Gains

    Biggest Year-Over-Year Net Losses

    % Change +12.0% +6.9% +3.8%

    Industry Sector Total Government Other Services Education and Health Services

    % Change -2.1% -1.9% -1.3%

    Professional and Business Services Trade, Transportation, and Utilities

    Source: Florida Department of Economic Opportunity, Current Employment Statistics *For detailed descriptions of the industry sectors, please visit http://bls.gov/iag

    Consumer Data
    Consumer Price Index
    Geography Current Y/Y Change JAX MSA 114.82 +2.8% U.S. 129.84 +1.1%

    Taxable Sales
    Geography Current Y/Y Change

    JAX MSA $1,649,124,911 +5.7% Florida $27,085,753,548 +7.7%

    Source: University of North Florida Local Economic Indicators Project

    Source: Florida Department of Revenue

    Housing Data
    Median Sales Price, Single-Family Existing Homes Geography Current Y/Y Change JAX MSA $154,000 +18.6% Florida $169,900 +13.3%

    U.S. $196,300 +9.4%

    Realtor Sales, Single-Family Existing Homes


    Geography Current Y/Y Change JAX MSA 1,531 -1.9% Florida 16,620 -1.2% U.S. 4,900,000 -1.2%

    Source: Florida Association of Realtors; National Association of Realtors

    Source: Florida Association of Realtors; National Association of Realtors

    Single-Family Building Permits


    Geography Current Y/Y Change Duval County 484 +13.9%

    Florida 4,071 +17.1% U.S. 43,469 +8.4%

    Source: U.S. Census, Housing Units Authorized by Building Permits

    Airport Activity (October data)


    Statistics for Jacksonville International Airport (JIA)
    Geography Current Y/Y Change
    Source: Jacksonville Aviation Authority

    Passenger Traffic 411,006 -4.4%

    Cargo (in pounds) 12,520,447 -4.8%

    Daily Departures 86 0.0%

    Daily Seats 9,075 -4.4%

    3 Independent Drive
    B A K E R

    Jacksonville, Florida 32202


    D U VA L

    P 904.366.6600
    N A S S A U

    F 904.353.6343
    P U T N A M

    www.jaxusa.org
    S T. J O H N S

    C L AY

    F L A G L E R

    Jacksonville Economic Trends


    Gross Domestic Product
    $80 $60 billions $40 $20 $0 15% 10% 5% 0% -5% 700,000 650,000 600,000 550,000 500,000 5% 0%

    Employment & Unemployment

    15% 10%

    GDP

    % change

    Employment

    Unemployment

    Unemployment Rate (%)

    Median Home Sales Price


    $300,000 $250,000 $200,000 $150,000 $100,000

    20,000 18,000 16,000 14,000 12,000 10,000

    Existing Home Sales

    20% 10% 0% -10% -20% -30%

    JAX MSA

    Florida

    US

    Home Sales

    % change from previous year

    Building Permits
    19,000 16,000 13,000 10,000 7,000 4,000 1,000 Building Permits 60% 40% billions 20% 0% -20% -40% -60% % change from previous year $17 $16 $15 $14 $13 $12 $11

    Duval County Taxable Sales


    20% 15% 10% 5% 0% -5% -10% -15%

    Taxable Sales

    % change from previous year

    JIA Airport Statistics


    7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 170,000 165,000 160,000 155,000 150,000 145,000 140,000 135,000 130,000 7,000,000 7,500,000 8,000,000 8,500,000 9,000,000

    JAXPORT Tonnage
    15% 10% 5% 0% -5% -10% -15%
    % change from previous year

    2007 2008 2009 2010 2011 2012


    Total # Passengers Cargo Tonnage (in thousands of pounds)
    Total Inbound and Outbound Tons

    3 Independent Drive
    B A K E R

    Jacksonville, Florida 32202


    D U VA L

    P 904.366.6600
    N A S S A U

    F 904.353.6343
    P U T N A M

    www.jaxusa.org
    S T. J O H N S

    C L AY

    F L A G L E R

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