Economic Indicators

Unemployment Trends
U.S. Unemployment Rate
  • The U.S. seasonally adjusted unemployment rate was 8.4% in August 2020, down from the 10.2% rate in July 2020.

Source: U.S. Department of Labor, Bureau of Labor Statistics and Florida Department of Economic Opportunities. U.S Unemployment Rates Seasonally Adjusted.

Florida Unemployment Rate
  • Florida’s seasonally adjusted unemployment rate was 7.4% in August 2020, down from the 11.3% rate in July 2020.

U.S. Department of Labor, Bureau of Labor Statistics and Florida Department of Economic Opportunities. Florida Unemployment Rates, Seasonally Adjusted.

Gainesville MSA Unemployment Rate
  • Gainesville MSA seasonally adjusted unemployment rate was 4.9% in August 2020, down from the 7.5% rate in July 2020.

Source: U.S. Department of Labor, Bureau of Labor Statistics and Florida Department of Economic Opportunities. Gainesville MSA Unemployment Rates. Gainesville MSA includes Alachua and Gilchrist County.

Gainesville MSA Industry Trends

Source: U.S. Department of Labor, Bureau of Labor Statistics, and Florida Department of Economic Opportunities. Gainesville MSA and Florida. Preliminary data for August 2020. Gainesville MSA includes Alachua and Gilchrist County.

Employment numbers in thousands (ex: 20.6 = 20,600)

Nonfarm Employment Numbers
Gainesville MSA Nonfarm Employment Numbers as of August 2020
  • Mining, Logging & Construction: 6,300
  • Manufacturing: 4,800
  • Trade, Transportation, & Utilities 21,100
  • Information: 1,600
  • Financial Activities: 6,700
  • Professional & Business Services: 14,600
  • Education and Health Services: 21,600
  • Leisure & Hospitality: 12,800
  • Other Services: 4,100
  • Government: 40,500

Source: U.S. Department of Labor, Bureau of Labor Statistics and Florida Department of Economic Opportunities. Preliminary not seasonally adjusted figures as of August 2020. Gainesville MSA includes Alachua and Gilchrist County. NOTE: Items may not add to totals or compute to displayed percentages due to rounding.

Employment Base
Gainesville MSA employment base relative to national and state benchmarks
  • Statistics provided by the U.S. Department of Labor show employment in the Gainesville MSA, Florida, and U.S. by industry sector.
  • Gainesville MSA job base is concentrated in Government (including local, state, and federal), Education & Health Services, Trade, Transportation & Utilities, and Leisure & Hospitality.

Source: U.S. Department of Labor, Bureau of Labor Statistics Florida Department of Economic Opportunities. Preliminary not seasonally adjusted figures as of July 2020. Gainesville MSA includes Alachua and Gilchrist County. NOTE: Items may not add to totals or compute to displayed percentages due to rounding.

Housing
Gainesville MSA Median Sales Price of Existing Single-Family Home
  • The Gainesville MSA Median Sales Price of Existing Single-Family was $250,000 in 2nd quarter of 2020
  • The national median existing single-family home price in the second quarter of 2020 was $291,300. On a year-over-year basis, this is a 4.2% climb, however, it is still a slower pace of appreciation compared to the pre-pandemic rate of 7.7% in the first quarter. The next quarterly Metropolitan Median Area Prices and Affordability and Housing Affordability Index release will be Thursday, November 12, 2020

Source: National Association of Realtors (NAR). Q2 2020 Data. *All areas are metropolitan statistical areas (MSA) as defined by the US Office of Management and Budget as of 2004.

Census Data
Complete the 2020 Census

Your response determines our community's share of funding for Head Start, School Lunch, WIC, Children's Health Insurance, and Health Care Centers.

Alachua County lost $390 Million in funding over the last ten years because of the 2010 undercount in the community. Please commit ten minutes to complete your 2020 census.

Take the census online at https://2020census.gov or by phone at 844 330 2020.