Tallahassee Reports has published a number of articles reporting on the performance of the local economy. There are the monthly employment reports, with the most recent showing a two-month loss of 3,200 jobs.
There is the report on per capita income , which shows that from 2011 to 2013 per capita income growth has been negative in Leon County and ranks 66 out 67 Florida counties.
Now comes a national report published by economists at CareerBuilder that shows Tallahassee rates as the third worst labor market out of 150 markets evaluated.
The methodology used to develop the Labor Market Index is comprehensive. The index combines 11 historical, current, and leading indicators and groups them in four categories:
- Overall employment change over four time periods (2001-2014, 2010-2014, 2013-2014, 2014-2020), with the two most recent time periods weighted more heavily in the index.
- Quality employment change over the same four periods; this category includes growth in driver industries and in growing occupations that pay at or above each metro’s living wage for two adults, one child.
- The change in unique (or de-duplicated) job postings from May 2014 to October 2014.
- Each metro’s unemployment rate.
Tallahassee ranks 131 in the employment change category and 149 in the quality employment change category. These rankings result in a combined ranking of 148 for Tallahassee out the 150 markets evaluated.
Click on the chart below to see the bottom 15 cities.
Four of the top 22 metros are in Florida, led by Port St. Lucie—a metro that ranks No. 7 in quality employment thanks to growth in well-paying, concentrated industries like offices of physicians and new car dealers. However, Florida also has three of the bottom 10 metros among the largest 150: Palm Bay-Melbourne-Titusville (last at No. 150), Tallahassee (No. 148), and Pensacola-Ferry Pass-Brent (No. 143).
Other low-tier Florida metros include Ocala (No. 130), Lakeland-Winter Haven (No. 127), Jacksonville (No. 103), and Deltona-Daytona Beach-Ormand Beach (No. 100).
Florida’s largest metros—Miami, Orlando, and Tampa—fall in the middle of the ranking, between Nos. 70 and 84.
The full report with city rankings can be read here.