Jones College of Business: indicators

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Tuesday, February 19, 2013

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.

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, Murfreesboro. To register,

Updated through 3rd Quarter 2010 for the state, 10 MSAs, non-metro areas, and U.S.