“Q” Reports Offer Pertinent and Timely Data

Whether you’re an innovator, entrepreneur or business owner, there are resources to support you in Volusia County. From startup to expansion, Volusia County Economic Development’s (VCED) website includes business tools to aid in research for your new startup or provide resources if you are expanding your business operation. Presenting pertinent and timely information about the local and regional economy is a core service of VCED. This information comes in many forms, including the “Q” economic update report, which contains valuable metrics on the health of the Volusia County community.

Each quarter, these reports are highlighted during VCED’s quarterly “Q” breakfast meetings to inform business and community leaders on Volusia County’s key performance indicators (KPIs).

The just released second quarter 2023 “Q” report features labor market trends showing year-over-year comparisons on the county’s available and employed workforce. Volusia County is experiencing record growth in the number of available and employed workers while maintaining a healthy unemployment rate of 3.2% as of June 2023. Other data sets monitored consistently include the Deltona-Daytona-Ormond MSA employment by major industries in which levels have surpassed pre-pandemic (2019) numbers by 9.4%. The transportation/warehousing industry has more than doubled, which is evident with the development of many logistics and warehouse operations throughout the community. The education and health services industry, which represents the largest employment sector, took a dip in the second quarter of 2020 due to the pandemic, but has since gained over 22%.

In addition to labor data, the latest report includes employment migration charts that show the movement of individuals coming into Volusia County to work versus those who leave the community. Finally, reports on residential and commercial development are regularly included providing details on the volume and value of permits from all municipalities tracking real estate investment and development in the county.

Other metrics often featured in “Q” reports include data and trends for GDP, exports, annual wages with comparisons to neighboring counties, Florida and the U.S., education completions, population, and demographics.

To view all “Q” economic update reports, visit www.floridabusiness.org/research-center/q-books.stml. If you have other questions on metrics for the area, contact Volusia County Economic Development at vced@volusia.org or 386-248-8048.