feb 2013 economic snapshot

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  • 8/23/2019 Feb 2013 Economic Snapshot

    1/2

    January Median Sales Price, Single-Family Existing Homes

    Geography JAX MSA Florida U.S.

    Current $136,000 $145,000 $173,600

    Y/Y Change +23.6% +12.4% +12.3%

    Source: Florida Association of Realtors; National Association of Realtors

    Jacksonville Economic Snapshot - February 2013Current Figures and Year-Over-Year Change

    Employment Data (All Figures Not Seasonally Adjusted)January Employment

    Geography JAX MSA Florida U.S.

    Current Level 641,206 8,597,000 141,614,000

    Y/Y Change +3.5% +2.7% +1.2%

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

    Major Employment by Industry*Biggest Year-Over-Year Net Gains

    Industry Sector % Change Industry Sector % Change

    Leisure and Hospitality +6.9% Information -4.3%

    Professional and Business Services +6.6% Total Government -1.9%

    Construction +5.3% Other Services +0.5%

    Source: Florida Department of Economic Opportunity, Current Employment Statistics

    *For detailed descriptions of the industry sectors, please visit http://bls.gov/iag

    3 Independent Drive | Jacksonville, Florida 32202 | P 904.366.6600 | F 904.353.6343 | www.jaxusa.org

    B A K E R C L A Y D U V A L F L A G L E R N A S S A U P U T N A M S T . J O H N S

    Consumer Data

    January Consumer Price Index

    Geography JAX MSA U.S.

    Current 112.35 128.43

    Y/Y Change +2.0% +2.2%

    Source: University of North Florida Local Economic Indicators Project

    January Taxable Sales

    Geography Duval County Florida

    Current $1,392,110,875 $31,252,701,380

    Y/Y Change +4.1% +4.5%

    Source: Florida Department of Revenue

    January Unemployment

    Geography JAX MSA Florida U.S.

    Current Level 52,172 748,000 13,181,000

    Current Rate 7.5% 8.0% 8.5%

    Y/Y Change -1.5% -1.3% -0.3%

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

    Housing Data

    January Realtor Sales, Single-Family Existing Homes

    Geography JAX MSA Florida U.S.

    Current 1,274 13,679 4,920,000

    Y/Y Change +25.1% +11.7% +9.1%

    Source: Florida Association of Realtors; National Association of Realtors

    January Foreclosure Filings

    Geography Duval County Florida U.S.

    Current 1,408 29,800 150,864

    Y/Y Change +45.0% +20.2% -28.5%

    Source: RealtyTrac

    January Single-Family Building Permits

    Geography Duval County Florida U.S.

    Current 429 4,018 40,468

    Y/Y Change +48.4% +53.1% +35.4%

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

    Airport & Seaport ActivityJanuary Statistics for Jacksonville International Airport (JIA)

    Geography Passenger Trafc Cargo Tonnage Daily Departures Daily Seats

    Current 370,355 13,287,666 81 8,551

    Y/Y Change -2.6% +10.0% +1.3% -6.7%

    Source: Jacksonville Aviation Authority

    January Statistics for JAXPORT (Tonnage)

    Geography Containerized Break-Bulk Bulk Cargo Auto Tractors

    Current 343,472 94,123 25,941 101,085

    Y/Y Change -9.7% +69.9% -84.5% -15.4%

    Source: Jacksonville Port Authority

    Figures show positive trend for Jax

    Figures show negative trend for Jax

    Legend

    Biggest Year-Over-Year Net Losses

  • 8/23/2019 Feb 2013 Economic Snapshot

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    3 Independent Drive | Jacksonvil le, Florida 32202 | P 904.366.6600 | F 904.353.6343 | www.jaxusa.org

    B A K E R C L A Y D U V A L F L A G L E R N A S S A U P U T N A M S T . J O H N S

    Jacksonville Economic Trends

    0%

    5%

    10%

    15%

    500,000

    550,000

    600,000

    650,000

    700,000

    Employment & Unemployment

    Employment Unemployment Unemployment Rate (%)

    $100,000

    $150,000

    $200,000

    $250,000

    $300,000

    Median Home Sales Price

    JAX MSA Florida US

    130,000

    135,000

    140,000

    145,000

    150,000

    155,000

    160,000

    165,000

    170,000

    0

    1,000,000

    2,000,000

    3,000,000

    4,000,000

    5,000,000

    6,000,000

    7,000,000

    2007 2008 2009 2010 2011 2012

    JIA Airport Statistics

    Total # Passengers Cargo Tonnage (in thousands of pounds)

    -15%

    -10%

    -5%

    0%

    5%

    10%

    15%

    7,000,000

    7,500,000

    8,000,000

    8,500,000

    9,000,000

    JAXPORT Tonnage

    Total Inbound and Outbound Tons % change from previous year

    -60%

    -40%

    -20%

    0%

    20%

    40%

    60%

    1,000

    4,000

    7,000

    10,000

    13,000

    16,000

    19,000

    Building Permits

    Building Permits % change from previous year

    -30%

    -20%

    -10%

    0%

    10%

    20%

    10,000

    12,000

    14,000

    16,000

    18,000

    20,000

    Existing Home Sales

    Home Sales % change from previous year

    -15%

    -10%

    -5%

    0%

    5%

    10%

    15%

    20%

    $11

    $12

    $13

    $14

    $15

    $16

    $17

    Duval County Taxable Sales

    Taxable Sales % change from previous year

    billions

    -5%

    0%

    5%

    10%

    15%

    $0

    $20

    $40

    $60

    $80

    Gross Domestic Product

    GDP % change

    billions