Pinellas Key Economic Indicators

June 2023

Economic IndicatorsAs Of DatePrior Month/ WeekPrior Year/MonthMost Recent Data AvailableMonthly ChangeYearly Change
Pinellas County Real GDPDecember 202145,430,228,00046,122,587,00048,581,314,000+6.9%+5.3%
Pinellas County Unemployment RateJune 20232.5%2.8%2.7%+8%-3.6%
Tampa MSA Unemploy-ment RateJune 20232.7%3.0%3.0%+11.1%0.0%
Florida Unemployment RateJune 20232.7%3.1%3.0%+11.1%-3.2%
US Unemployment RateJune 20233.7%3.6%3.6%-2.7%0.0%
Pinellas Labor Participation RateJune 202365.9%63.4%66.8%+1.4%+5.4%
Pinellas Average Weekly WagesDecember 2023$1,169$1,300$1,302+11.4%+0.2%
PIE PassengersJune 2023202,998256,885262,413+29.3%+2.2%
Pinellas Taxable Sales CollectedJune 2023121,173,488114,067,546121,126,3590.0%+6.2%
Pinellas Single Family/Townhomes “Closed Sales”June 20231,7951,8671,737-3.2%-3.9%
Tampa MSA InflationMay 20237.7%11.3%7.3%-5.2%-31.9%
Florida Weekly Unemployment ClaimsJuly 20236,2183,7745,916-4.9%+56.8%
Pinellas Average Gasoline per GallonJuly 2023$3.52$4.33$3.44-2.3%-20.6%
Pinellas Average Diesel per GallonJuly 2023$3.61$5.31$3.50-3.0%-34.1%
Source: PCED