Economic Outlook Presentation

BERC director David Penn's presentation from the annual Jones College Economic Outlook Conference September 27: [View as pdf | View as ppt]

Tennessee Housing Market Report

http://capone.mtsu.edu/berc/housingbrief.html 

Job creation accelerated in the 1st quarter, but the housing market did not. Read details in the new report by David Penn, director of the Business and Economic Research Center.

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Business and Economic Research Center News

www.mtsu.edu/berc 

Tennessee Housing Market 4th Quarter
The housing market continues to improve, especially single-family homes. [more]

Expectations for Nashville Economy
David Penn's presentation to Nashville Risk Management Association Feb. 14
[presentation pdf]

Tennessee Economic Indicators

• Seasonally adjusted initial claims for unemployment insurance in TN increased in Jan. following a large decline in Dec. The less volatile trend continues to show improvement, however. 
• Permits issued for single-family home construction in TN fell again in Dec, the 2nd monthly decline following a large increase in Oct. The trend continues to show improvement. 
• Tennessee unemployment rate remained at 7.6% in Dec., down from 8.5% a year ago. 
• Seasonally adjusted nonfarm employment for TN gained 3,000 jobs in Dec. from the previous month. Over the year, nonfarm employment has gained 36,400 jobs, up 1.4%.
  
• State sales tax collections up 5.1% in Dec. over the year (seasonally adjusted), the largest rise since June 2012. 

Graphs: Tracking Tennessee's Economic Recovery | MSA | County

Experts Forecast Mixed 2013 at MTSU Economic Outlook Conference

http://mtsunews.com/economic-outlook-conference-2012/ 

The Midstate economy has shown promising signs of recovery heading into 2013, but regulatory and policy-making uncertainty on the national stage continue to hinder sustained economic growth and threaten to reverse any economic momentum gained since the peak of the recession. [more]

Economic Outlook 2012

Download presentation pdf

Economist David Penn's presentation (pdf)

Economic Outlook Conference Sept. 21

(Business and Economic Research Center)

Tennessee Housing Market: 1st Qtr 2011

http://www.mtsu.edu/~berc/housingbrief.html  

Tennessee Housing Market: 1st Qtr 2011

• marginal improvement
• home sales up
• construction stable
• prices continued to drop
• 4Q 2010 numbers revised

BERC in the News

David Penn, director of the Business and Economic Research Center, is quoted in the following recent articles on the area economy:

• Local jobless rate up, but good sign ahead
• Green jobs take root in Tennessee
• Home sales dip in Feb.

Rise in Nashville-Area Jobless Rate Seen Only as a Blip

From the Tennessean: But most economists attribute the spike to seasonal changes such as the layoff of temporary workers or the loss of extra retail employees after Christmas — not a renewed economic swoon. "I don't attribute the increases to the economy getting worse," said economist David Penn, director of the Business and Economic Research Center at Middle Tennessee State University. [article]

Update: Tennessee's Economic Recovery

http://www.mtsu.edu/~berc/ppts/recoveryfeb11.ppt

David Penn's presentation "Update: Tennessee's Economic Recovery" (.ppt) to TACIR (Tennessee Advisory Commission on Intergovernmental Relations)