Tampa, FL, Area Economic Summary
[Pages:2]Tampa, FL, Area Economic Summary
Updated November 04, 2021
This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see regions/economic-summaries.htm.
Unemployment rates for the nation and selected areas
Unemployment rates
Average weekly wages for all industries by county
Tampa area, first quarter 2021 (U.S. = $1,289; Area = $1,096)
United States
7.7 4.6
Tampa area
6.0 3.9
Hernando Co.
6.6 4.8
Hillsborough Co.
6.1 3.9
Pasco Co.
5.9 4.1
Pinellas Co.
5.7 3.6
0.0
5.0
10.0
Sep-20 Sep-21 Source: U.S. BLS, Local Area Unemployment Statistics.
Source: U.S. BLS, Quarterly Census of Employment and Wages.
Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector
12-month percent changes in employment 15.0
10.0
5.0
0.0
-5.0
-10.0
-15.0 Sep-18
Sep-19
Sep-20
Sep-21
Tampa area
United States
Source: U.S. BLS, Current Employment Statistics.
Tampa area employment (number in thousands)
Change from Sep. Sep. 2021 2020 to Sep. 2021
Number Percent
Total nonfarm
1,412.4
79.9
6.0
Mining and logging
0.3
0.0
0.0
Cons tructi on
86.1
1.9
2.3
Ma nufa cturi ng
67.5
1.3
2.0
Trade, transportation, and utilities
258.3
9.5
3.8
I nforma ti on
25.2
1.3
5.4
Financial activities
128.9
5.3
4.3
Professional and business services
273.0
26.8
10.9
Education and health services
217.9
7.0
3.3
Leisure and hospitality
154.1
24.9
19.3
Other services
49.4
6.6
15.4
Government
151.7
-4.7
-3.0
Source: U.S. BLS, Current Employment Statistics.
Over-the-year change in the prices paid by urban consumers for selected categories
Over-the-year changes in the selling prices received by producers for selected industries nationwide
12-month percent change in CPI-U, September 2021
30.0
25.0
23.6 24.8
20.0
15.0
10.0
6.1 5.4
5.0
3.1 4.6
0.0
All items Tampa area
Food
Energy
U.S. city average
Source: U.S. BLS, Consumer Price Index.
12-month percent changes in PPI
25.0
20.0
15.0
10.0
5.0
0.0
-5.0
-10.0
Sep-18
Sep-19
General freight trucking
Sep-20 Hospitals
Offices of lawyers Source: U.S. BLS, Producer Price Index.
Sep-21
Average annual spending and percent distribution for selected categories
Average annual expenditures, United States and
100% 80% 60%
Tampa area, 2019-20
$8,739 $5,254 $6,356
$8,545
$10,754 $5,185 $7,205 $7,744
40%
$11,178
$10,257
20%
$20,648
$21,043
0% Tampa area
United States
All other items
Healthcare
Personal insurance & pensions
Food
Transportation
Housing Source: U.S. BLS, Consumer Expenditure Survey.
Average hourly wages for selected occupations
Occupation All occupations
Tampa area
United States
$24.89 $27.07
Lawyers
57.69 71.59
Accountants and auditors
37.28 39.26
Registered nurses
34.28 38.47
Construction laborers
15.90 20.67
Retail salespersons
14.16 14.87
Landscaping and groundskeeping workers
14.01
Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020.
16.25
Employer costs per hour worked for wages and selected employee benefits by geographic division
Private industry,
South Atlantic United
June 2021
(1)
States
Total compensation
$34.11 $36.64
Wages and salaries
24.72
25.89
Total benefits
9.39
10.76
Paid leave
2.53
2.70
Vacation
1.30
1.38
Supplemental pay
1.03
1.25
Insurance
2.25
2.79
Retirement and savings
1.05
1.25
Legally required benefits
2.53
2.77
(1) The states that compose the South Atlantic census division are: DE, DC, FL, GA, MD, NC, SC, VA, and WV. Source: U.S. BLS, Employer Costs for Employee Compensation.
Over-the-year changes in wages and salaries
12-month percent changes in ECI
5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
Sep-18
Sep-19 South Atlantic
Source: U.S. BLS, Employment Cost Index.
Sep-20
Sep-21
United States
Southeast Information Office ? BLSinfoAtlanta@ ? ? 404-893-4222
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