Economic Indicators

Unemployment Trends
U.S. Unemployment Rate
  • The U.S. seasonally adjusted unemployment rate was 13.3% in May 2020, down from the 14.7% rate in April 2020.

Source: U.S. Department of Labor, Bureau of Labor Statistics and Florida Department of Economic Opportunities. U.S Unemployment Rates Seasonally Adjusted. January 2018–May 2020.

Florida Unemployment Rate
  • Florida’s seasonally adjusted unemployment rate was 12.9% in April 2020, up from the 4.4% rate in March 2020.

U.S. Department of Labor, Bureau of Labor Statistics and Florida Department of Economic Opportunities. Florida Unemployment Rates, Seasonally Adjusted, January 2018– April 2020.

Gainesville MSA Unemployment Rate
  • Gainesville MSA seasonally adjusted unemployment rate was 9.3% in April 2020, up from the 4% rate in March 2020.

Source: U.S. Department of Labor, Bureau of Labor Statistics and Florida Department of Economic Opportunities. Gainesville MSA Unemployment Rates, Seasonally Adjusted, January 2018– April 2020. Gainesville MSA includes Alachua and Gilchrist County.

Gainesville MSA Industry Trends
8 out of 10 major industries posted over-the-year losses in April 2020 in Gainesville MSA.
  • Gainesville MSA total nonfarm employment posted over-the-year loss of -10.3%.
  • Losses were seen in: Manufacturing (-16.7%); Trade, Transportation, & Utilities (-7.2%); Information (-5.6%); Financial Activities (-4.4%);Education & Health Services (-12.8%); Leisure & Hospitality (-39.9%); Other Services (-9.1%); and, Government (-5.3%).
  • Gains were seen in: Professional & Business Services (0.7%).

Source: U.S. Department of Labor, Bureau of Labor Statistics, and Florida Department of Economic Opportunities. Gainesville MSA and Florida. Preliminary data for April 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 April 2020
  • Mining, Logging & Construction: 6,100
  • Manufacturing: 4,000
  • Trade, Transportation, & Utilities 19,400
  • Information: 1,700
  • Financial Activities: 6,500
  • Professional & Business Services: 15,300
  • Education and Health Services: 23,900
  • Leisure & Hospitality: 9,800
  • Other Services: 4,000
  • Government: 43,300
    • - Local: 10,400
    • - State: 28,200
    • - Federal: 4,700

Source: U.S. Department of Labor, Bureau of Labor Statistics and Florida Department of Economic Opportunities. Preliminary not seasonally adjusted figures as of April 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 April 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 $245,000 in 1st quarter of 2020
  • All of the nation’s metro areas saw price growth and had minimal inventory increases in the first quarter of 2020, according to the latest quarterly report by the National Association of Realtors.
  • Gainesville MSA median price had 7.9% annual increase compared to 1st quarter of 2019.
  • Next quarterly Metropolitan Median Area Prices report release will be August 12, 2020.

Source: National Association of Realtors (NAR). Q1 2020 Data. Q2 2020 metro date will be released August 12, 2020 . *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.