Tuesday, September 18, 2012

Economic Indicators and Outlook Conference

  • Seasonally adjusted initial claims for unemployment insurance are gently rising, reflecting an increased number of layoffs for Tennessee employers in August. The trend for UI claims has increased to 6,040 per week in August, rising from the recent low of 5,801 per week in April. Rising initial claims will place upward pressure on the unemployment rate.
  • Single family home construction for Tennessee, as measured by seasonally adjusted building permits, rose to 1,084 units in July, up from 1,011 in June. The less volatile trend also increased.
  • Tennessee's unemployment rate climbed to 8.4% in July, the third monthly rise. Employment, according to the household survey, declined in July, following declines in all but one month this year.
  • Seasonally adjusted nonfarm employment rose slightly in July, adding 6,400 jobs. While higher than in June, nonfarm employment has shown little change in 2012.
  • Seasonally adjusted state sales tax collections were about the same in July as in June. The less volatile moving average has shown little change since March.
  • Details by MSA

The annual MTSU conference is scheduled for Friday, September 21, at Embassy Suites, MurfreesboroTo register,

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