Tampa Bay Economic Indicators and Trends (First Six Months 2010)
Some highlights from the latest Tampa Bay Economic Indicators Report published by Florida Communications Group Research:
- Unemployment rates continue to be high in the Tampa Bay market – ending the second quarter with a 12.1% rate – higher than the national unemployment rate of 9.6%.
- Total home sales for the first six months of 2010 were up by 14.3% in Hillsborough County.
- New auto sales showed positive signs of improvement and were up by 14.0% in the Tampa DMA and 14.1% in Hillsborough County.
- Taxable retail sales – a major barometer in measuring consumer spending – were down 0.7% in the Tampa DMA and by 1.4% in Hillsborough County. However, one positive note was that retail sales from March through June were starting to level off, indicating that sales may finish the year flat compared to 2009.