March 2013 Economic Snapshot

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  • 7/28/2019 March 2013 Economic Snapshot

    1/2

    February Median Sales Price, Single-Family Existing Homes

    Geography JAX MSA Florida U.S.

    Current $135,025 $150,000 $173,600

    Y/Y Change +15.7% +12.8% +11.6%

    Source: Florida Association of Realtors; National Association of Realtors

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

    Employment Data (All Figures Not Seasonally Adjusted)February Employment

    Geography JAX MSA Florida U.S.

    Current Level 647,153 8,653,000 142,228,000

    Y/Y Change +3.6% +2.6% +1.1%

    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 -3.2%

    Professional and Business Services +6.8% Total Government -1.2%

    Financial Activities +3.0% 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

    February Consumer Price Index

    Geography JAX MSA U.S.

    Current 112.63 129.33

    Y/Y Change +2.0% +1.8%

    Source: University of North Florida Local Economic Indicators Project

    February Taxable Sales

    Geography Duval County Florida

    Current $1,151,498,108 $ 27,185,905,036

    Y/Y Change +8.7% +10.9%

    Source: Florida Department of Revenue

    February Unemployment

    Geography JAX MSA Florida U.S.

    Current Level 48,803 704,000 12,500,000

    Current Rate 7.0% 7.5% 8.1%

    Y/Y Change -1.9% -1.5% -0.6%

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

    Housing Data

    February Realtor Sales, Single-Family Existing Homes

    Geography JAX MSA Florida U.S.

    Current 1,396 15,666 4,980,000

    Y/Y Change +11.5% +10.3% +10.2%

    Source: Florida Association of Realtors; National Association of Realtors

    February Foreclosure Filings

    Geography Duval County Florida U.S.

    Current 1,253 31,726 154,281

    Y/Y Change +35.9% +20.5% -25.4%

    Source: RealtyTrac

    February Single-Family Building Permits

    Geography Duval County Florida U.S.

    Current 456 4,105 42,032

    Y/Y Change +66.4% +38.1% +19.8%

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

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

    Geography Passenger Trafc Cargo Tonnage Daily Departures Daily Seats

    Current 367,808 11,798,465 81 8,551

    Y/Y Change -5.0% -4.3 +1.3% -6.7%

    Source: Jacksonville Aviation Authority

    February Statistics for JAXPORT (Tonnage)

    Geography Containerized Break-Bulk Bulk Cargo Auto Tractors

    Current 413,193 76,662 72,427 111,194

    Y/Y Change +0.2% +19.0% +19.5% +8.2%

    Source: Jacksonville Port Authority

    Figures show positive trend for Jax

    Figures show negative trend for Jax

    Legend

    Biggest Year-Over-Year Net Losses

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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