Tennessee Economic Indicator Tables, July 1995


 
NOTES
 
The following notes concern the Tennessee, U.S., and MSA Economic
      Indicator tables that follow.
 
 1.  Annual Rate.
 2.  Source: Tennessee Department of Employment Security.
 3.  Calculated from data provided by the Tennessee Department
     of Employment Security.
 4.  Calculated from data provided by the Tennessee Department
     of Revenue.
 5.  Calculated from data provided by the Tennessee Valley
     Authority.
 6.  Calculated from data provided by the F.W. Dodge Division
     of McGraw-Hill Information Services Company.
 7.  Calculated from data provided by the U.S. Bankruptcy
     Courts.
 8.  Calculated from data provided by the Chattanooga
     Metropolitan Airport Authority.
 9.  Calculated from data provided by the Tennessee Department
     of State.
10.  Calculated from data provided by the Metropolitan
     Knoxville Airport Authority.
11.  Source: The Conference Board.
12.  Calculated from data provided by the Memphis-Shelby
     County Airport Authority.
13.  Calculated from data provided by the Metropolitan
     Nashville Airport Authority.
14.  Calculated from data provided by The Conference Board.
15.  Calculated from data provided by the Tri-City Airport
     Commission.

TENNESSEE ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
 
                                              199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505 199506 199507   1992   1993   1994
-------------------------------------------------------------------------------------------------------------------------------------------------------------
TN Coincident Composite Index (1982=100).....  143.4  143.9  144.0  145.4  145.4  146.7  147.1  147.7  147.7  147.7  146.2  147.3  146.3  129.5  134.9  143.2
  % Chg Prev Month SAAR......................   0.16   4.43   0.56  11.99   0.35  10.83   3.37   5.43  -0.26  -0.26 -11.26   9.02  -7.84   2.34   4.22   6.14
  % Chg Same Month Last Yr...................   5.99   5.60   5.76   6.37   5.77   5.81   5.58   5.61   4.37   3.37   2.35   2.68   1.97   2.34   4.22   6.14
 
TN Leading Composite Index (1982=100)........  115.1  116.2  116.0  115.7  116.2  116.4  116.1  115.8  116.4  115.4  115.0  115.3  114.9  111.2  112.7  115.4
  % Chg Prev Month SAAR......................  -5.83  11.70  -1.41  -2.92   4.81   1.92  -2.53  -3.36   6.82 -10.39  -3.37   3.09  -4.34   1.62   1.35   2.39
  % Chg Same Month Last Yr...................   2.31   3.12   2.66   2.51   2.04   2.00   2.42   1.51   0.48   0.50   0.03  -0.29  -0.16   1.62   1.35   2.39
 
TN Nonag Employment (THOU) (2)............... 2429.5 2428.4 2436.9 2442.4 2469.5 2458.6 2464.2 2471.3 2481.9 2485.8 2487.9 2486.4 2485.8 2244.9 2328.4 2421.1
  % Chg Prev Month SAAR......................   4.04  -0.54   4.28   2.74  14.16  -5.17   2.77   3.51   5.27   1.90   1.02  -0.72  -0.29   2.81   3.72   3.98
  % Chg Same Month Last Yr...................   4.20   4.04   4.03   3.86   4.69   3.71   3.94   3.67   3.46   3.51   3.17   2.68   2.32   2.81   3.72   3.98
 
TN Unemployment Rate (%) (2).................    4.9    4.7    4.5    4.4    4.3    4.0    4.0    4.1    4.0    4.4    4.6    5.0    5.2    6.4    5.7    4.8
 
TN Mfg Employment (THOU) (2).................  540.6  539.8  540.1  539.7  540.2  541.3  542.4  541.2  540.4  537.7  537.7  534.8  530.8  514.5  528.4  538.4
  % Chg Prev Month SAAR......................   3.39  -1.76   0.67  -0.89   1.12   2.47   2.47  -2.62  -1.76  -5.83   0.00  -6.28  -8.62   2.36   2.70   1.89
  % Chg Same Month Last Yr...................   2.00   1.91   1.64   1.58   1.56   1.39   1.67   0.89   0.73   0.21   0.07  -0.80  -1.81   2.36   2.70   1.89
 
TN Mfg Avg Weekly Hours (3)..................   40.8   40.8   40.8   40.9   40.9   40.9   41.2   41.1   40.7   40.0   40.6   40.0   40.0   40.3   40.8   40.9
  % Chg Prev Month SAAR......................  -1.13  -0.89   0.56   1.39   0.32   0.23   8.32  -3.29  -9.52 -18.22  16.72 -15.51   0.31   1.80   1.07   0.40
  % Chg Same Month Last Yr...................  -0.33  -0.14   1.09   1.02   0.71   0.78   0.32   1.44  -0.55  -3.64  -1.22  -2.18  -2.06   1.80   1.07   0.40
 
TN Taxable Sales (MIL $) (4).................   4612   4789   4673   4684   4787   4845   4781   4775   5117   4977   4901   5044   4890  46959  50649  55343
  % Chg Prev Month SAAR......................  -2.23  57.00 -25.45   3.00  29.65  15.60 -14.87  -1.28 128.86 -28.19 -16.90  41.21 -31.15   6.34   7.86   9.27
  % Chg Same Month Last Yr...................   7.21  13.58   6.33   9.80  10.57  10.60  15.39   8.68   7.33  10.83   8.03   9.16   6.02   6.34   7.86   9.27
 
TN Taxable Sales (MIL 82 $) (4)..............   3106   3212   3128   3131   3196   3228   3174   3163   3382   3277   3218   3308   3200  33448  35033  37304
  % Chg Prev Month SAAR......................  -5.35  49.58 -27.22   1.36  27.59  12.86 -18.20  -4.38 123.48 -31.52 -19.48  39.00 -32.75   3.22   4.74   6.49
  % Chg Same Month Last Yr...................   4.39  10.38   3.20   6.94   7.76   7.80  12.17   5.66   4.35   7.55   4.69   6.01   3.03   3.22   4.74   6.49
 
TN Comm & Ind Elect Consumption (MIL KWH) (5)   2929   2847   2871   2860   2909   2946   3008   3078   3033   3037   3005   3055   2934  31187  33412  34914
  % Chg Prev Month SAAR...................... -11.09 -29.10  10.95  -4.67  22.47  16.26  28.63  31.96 -16.28   1.48 -12.02  22.23 -38.53   7.04   7.14   4.49
  % Chg Same Month Last Yr...................   2.98   0.59   1.74   5.07   1.99   2.78   1.90   6.45   4.17   4.29   2.69   3.28   0.15   7.04   7.14   4.49
 
Initial Claims For TN UI (THOU) (3)..........   35.4   34.1   28.9   30.6   27.6   29.1   32.5   32.5   32.2   28.0   42.9   38.4   41.8  487.7  427.8  404.5
  % Chg Prev Month SAAR......................   80.8  -36.0  -86.2   91.8  -71.1   91.1  276.2    1.2  -12.1  -81.316837.9  -73.4  174.6  -13.5  -12.3   -5.4
  % Chg Same Month Last Yr...................  -4.75  -2.42 -22.82 -14.17 -25.71 -20.83 -17.20 -17.71  -7.83 -21.03  18.97  13.90  17.93 -13.51 -12.29  -5.44
 
Continued Weeks Claimed For TN UI (THOU) (3).  172.8  202.2  166.4  180.4  160.3  150.3  175.4  165.5  141.3  149.2  180.7  161.6  211.7 2744.2 2235.8 2140.5
  % Chg Prev Month SAAR......................   -4.8  561.0  -90.4  165.0  -75.8  -53.8  538.4  -50.4  -85.0   93.3  896.1  -73.9 2453.3  -16.0  -18.5   -4.3
  % Chg Same Month Last Yr...................  -5.53   0.41 -15.56   5.17 -18.58 -19.11  -8.27 -15.07 -23.03 -13.86  -5.81  -6.86  22.51 -15.99 -18.53  -4.26
 
Total TN Construction Potentials (6).........    462    552    523    524    515    498    531    478    629    494    572    516    521   4922   5303   6021
  % Chg Prev Month SAAR......................  -92.7  738.7  -48.1    2.5  -18.3  -33.2  116.9  -71.5 2567.4  -94.5  485.4  -70.9   10.5   10.0    7.7   13.6
  % Chg Same Month Last Yr...................  -1.18  26.82   8.42  20.07  -1.44   4.79  20.47   0.73  10.07  10.35  30.71 -10.24  12.59  10.03   7.73  13.55
 
TN Constrc Potentials,Val (MIL 82 $,NSA) (6).    332    479    406    333    305    279    303    296    448    305    403    393    424   3741   3789   4301
  % Chg Same Month Last Yr...................   1.73  53.95  -4.52   8.45   0.50 -31.37  25.64  -1.01   4.39 -22.76  28.20 -19.44  27.82  19.75   1.29  13.50
-------------------------------------------------------------------------------------------------------------------------------------------------------------

U.S. ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                              199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505 199506 199507   1992   1993   1994
-------------------------------------------------------------------------------------------------------------------------------------------------------------
US Personal Income (BIL 82 $) (1)............ 3841.3 3843.5 3861.0 3906.9 3899.7 3919.7 3938.0 3948.8 3960.8 3953.3 3935.5 3951.0 3967.7 3670.7 3718.1 3843.7
  % Chg Prev Month SAAR......................   3.03   0.66   5.63  15.22  -2.18   6.33   5.74   3.35   3.71  -2.24  -5.27   4.83   5.18   2.92   1.29   3.38
  % Chg Same Month Last Yr...................   3.71   2.84   3.36   4.36   3.85   3.95   5.13   3.96   3.90   3.33   2.53   3.11   3.29   2.92   1.29   3.38
 
US CPI,All Urban Consumers (1982-84=100).....  148.5  149.1  149.4  149.6  149.8  150.1  150.6  151.0  151.3  151.9  152.3  152.5  152.8  140.4  144.6  148.3
  % Chg Prev Month SAAR......................   3.29   4.96   2.44   1.62   1.62   2.43   4.07   3.23   2.41   4.86   3.21   1.59   2.39   3.03   2.96   2.61
  % Chg Same Month Last Yr...................   2.70   2.90   3.03   2.68   2.60   2.60   2.87   2.86   2.86   3.05   3.18   2.97   2.90   3.03   2.96   2.61
 
US Nonag Employment (MIL)....................  114.2  114.5  114.8  114.9  115.4  115.6  115.8  116.1  116.3  116.3  116.2  116.5  116.6  108.6  110.7  114.0
  % Chg Prev Month SAAR......................   2.43   3.62   2.67   1.82   5.26   2.07   1.95   3.29   1.87   0.08  -0.64   3.13   0.29   0.31   1.96   2.98
  % Chg Same Month Last Yr...................   3.01   3.17   3.17   3.03   3.25   3.15   3.12   3.15   2.84   2.60   2.30   2.29   2.11   0.31   1.96   2.98
 
US Unemployment Rate (%).....................    6.1    6.0    5.8    5.7    5.6    5.4    5.7    5.4    5.5    5.8    5.7    5.6    5.7    7.4    6.8    6.1
 
Bank Prime Interest Rate (%).................    7.3    7.5    7.8    7.8    8.1    8.5    8.5    9.0    9.0    9.0    9.0    9.0    8.8    6.3    6.0    7.1
 
US Coincident Composite Index (1982=100).....  113.7  114.4  114.7  115.3  115.8  116.4  116.6  116.9  117.0  116.7  116.7  117.1  117.1  106.7  109.4  113.8
  % Chg Prev Month SAAR......................   1.06   7.64   3.19   6.46   5.33   6.40   2.08   3.13   1.03  -3.03   0.00   4.19   0.00   1.40   2.52   4.05
  % Chg Same Month Last Yr...................   4.22   4.19   4.37   4.53   4.42   4.39   4.67   4.28   3.82   3.37   3.09   3.08   2.99   1.40   2.52   4.05
 
US Leading Composite Index (1982=100)........  101.7  102.3  102.3  102.2  102.3  102.5  102.5  102.2  101.8  101.2  101.0  101.2  101.0   98.2   98.8  101.7
  % Chg Prev Month SAAR......................   0.00   7.31   0.00  -1.17   1.18   2.37   0.00  -3.46  -4.60  -6.85  -2.35   2.40  -2.35   1.04   0.67   2.88
  % Chg Same Month Last Yr...................   3.67   3.86   3.65   3.02   2.71   2.19   1.99   1.49   0.49  -0.20  -0.49  -0.49  -0.69   1.04   0.67   2.88
 
US Mfg Employment (MIL)......................   18.3   18.3   18.4   18.4   18.4   18.5   18.5   18.5   18.5   18.5   18.5   18.4   18.4   18.1   18.1   18.3
  % Chg Prev Month SAAR......................   0.00   3.26   0.59   2.85   2.71   2.17   1.97   1.37   0.13  -1.22  -3.19  -1.81  -4.78  -1.64  -0.16   1.26
  % Chg Same Month Last Yr...................   1.36   1.70   1.66   1.77   1.89   1.98   1.93   1.91   1.70   1.44   1.09   0.72   0.31  -1.64  -0.16   1.26
 
Initial Claims for U.S. UI (THOU)............ 1424.8 1491.8 1450.5 1421.5 1465.9 1415.3 1447.8 1465.2 1515.6 1478.9 1657.3 1567.0 1531.5 1768.8 1480.5 1473.6
  % Chg Prev Month SAAR...................... -27.68  73.64 -28.61 -21.53  44.72 -34.44  31.31  15.45  50.04 -25.49 292.45 -48.95 -24.08  -8.23 -16.30  -0.47
  % Chg Same Month Last Yr...................  -2.17   0.75  -4.16  -3.31  -2.46  -4.97  -2.63  -4.08  -0.04  -0.84   8.49   7.05   7.49  -8.23 -16.30  -0.47
 
US Retail Sales (BIL $)......................  185.4  187.9  189.3  191.5  192.1  192.4  193.3  191.9  193.2  193.0  195.1  196.8  196.0  162.1  172.7  186.2
  % Chg Prev Month SAAR......................   1.77  16.90   9.62  14.76   4.01   1.71   5.81  -8.53   8.34  -0.81  13.76  10.75  -4.48   4.77   6.58   7.78
  % Chg Same Month Last Yr...................   7.13   8.10   8.83   8.28   7.83   6.98   8.62   5.68   5.04   5.14   6.52   6.27   5.71   4.77   6.58   7.78
 
US Consumer Sentiment (196601=100)...........   89.0   91.7   91.5   92.7   91.6   95.1   97.6   95.1   90.3   92.5   89.8   92.7   94.4   77.2   82.8   92.3
  % Chg Prev Month SAAR...................... -25.40  43.14  -2.59  16.92 -13.35  56.83  36.53 -26.76 -46.29  33.49 -29.92  46.43  24.37  -0.39   7.17  11.44
  % Chg Same Month Last Yr...................  15.58  18.63  17.46  12.09  12.81   7.82   3.50   2.04  -1.31  -0.11  -3.23   1.64   6.07  -0.39   7.17  11.44
 
-------------------------------------------------------------------------------------------------------------------------------------------------------------
                                              92/II  92/III  92/IV  93/I  93/II  93/III  93/IV  94/I  94/II  94/III  94/IV  95/I  95/II    1992   1993   1994
-------------------------------------------------------------------------------------------------------------------------------------------------------------
US GDP (BIL 87 $) (1)........................ 4947.5 4990.5 5060.7 5075.3 5105.4 5139.4 5218.0 5261.1 5314.1 5367.0 5433.8 5470.1 5487.8 4979.3 5134.5 5344.0
  % Chg Prev Qtr SAAR........................   2.38   3.52   5.75   1.16   2.39   2.69   6.26   3.34   4.09   4.04   5.07   2.70   1.30   2.29   3.12   4.08
  % Chg Same Qtr Last Yr.....................   1.64   2.27   3.69   3.19   3.19   2.98   3.11   3.66   4.09   4.43   4.14   3.97   3.27   2.29   3.12   4.08
 
US Personal Income (Bil 87 $) (1)............ 4141.2 4161.8 4271.4 4181.0 4244.1 4255.4 4301.6 4343.9 4390.9 4414.5 4487.8 4544.2 4551.6 4174.0 4245.5 4409.3
  % Chg Prev Qtr SAAR........................   1.92   2.01  10.96  -8.20   6.17   1.08   4.41   3.98   4.40   2.17   6.81   5.12   0.65   2.82   1.71   3.86
  % Chg Same Qtr Last Yr.....................   1.98   2.65   4.83   1.44   2.49   2.25   0.71   3.90   3.46   3.74   4.33   4.61   3.66   2.82   1.71   3.86
-------------------------------------------------------------------------------------------------------------------------------------------------------------

CHATTANOOGA ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505 199506 199507   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Chattanooga Economic Index (1982=100).............  120.2  119.6  120.3  120.6  120.9  120.4  121.9  121.4  121.6  121.2  119.8  119.0  118.2  115.0  118.6  119.9
  % Chg Prev Month SAAR...........................    2.2   -6.5    7.5    2.9    2.8   -4.6   16.5   -4.7    1.8   -3.6  -13.0   -8.3   -7.9    2.6    3.1    1.2
  % Chg Same Month Last Yr........................    1.5    0.9    1.2    1.0    1.3    0.2    2.1    3.2    0.8    1.1    0.3   -0.9   -1.7    2.6    3.1    1.2
 
Chattanooga Nonag Employment (THOU) (3)...........  215.6  215.0  215.2  216.3  216.5  217.5  218.8  218.9  217.4  216.8  216.8  212.1  210.5  202.0  209.4  215.1
  % Chg Prev Month SAAR...........................    4.2   -3.3    1.6    6.1    1.1    5.9    7.2    0.7   -7.9   -3.6   -0.1  -22.9   -8.6    1.6    3.7    2.7
  % Chg Same Month Last Yr........................    3.0    2.5    2.3    2.1    2.0    1.3    2.5    1.8    1.7    1.1    1.7   -1.3   -2.3    1.6    3.7    2.7
 
Chattanooga Unemployment Rate (%) (3).............    4.4    4.4    4.5    4.4    4.2    4.0    4.1    3.9    3.9    4.1    4.3    4.7    4.8    6.2    5.1    4.5
 
Chattanooga Mfg Employment (THOU,NSA) (3).........   45.6   45.7   46.0   45.6   45.8   45.8   44.9   44.9   45.2   45.2   44.7   44.4   44.2   43.5   45.0   45.7
  % Chg Prev Month SAAR...........................   -9.9    2.7    8.2   -9.9    5.4    0.0  -21.2    0.0    8.3    0.0  -12.5   -7.8   -5.3   -0.9    3.4    1.6
  % Chg Same Month Last Yr........................    0.4    0.2    0.9    0.2   -0.4   -0.9   -0.7   -1.1   -0.7   -1.7   -2.4   -3.5   -3.1   -0.9    3.4    1.6
 
Chattanooga Taxable Sales (MIL $) (4).............    308    310    321    313    311    323    317    305    332    337    331    334    326   3272   3506   3717
  % Chg Prev Month SAAR...........................  -14.7   10.6   49.6  -26.7   -4.6   53.2  -18.3  -39.1  177.1   20.6  -20.0   12.2  -23.2    5.9    7.2    6.0
  % Chg Same Month Last Yr........................    0.4    6.2    8.1    6.0    3.5    8.4   12.4   -1.6    6.0    9.3    7.8    7.0    6.1    5.9    7.2    6.0
 
Chattanooga Taxable Sales (MIL 82 $) (4)..........    207    208    215    209    208    215    211    202    219    222    217    219    214   2330   2425   2506
  % Chg Prev Month SAAR...........................  -17.5    5.4   46.0  -27.8   -6.1   49.6  -21.5  -41.0  170.6   15.0  -22.4   10.5  -25.0    2.8    4.1    3.3
  % Chg Same Month Last Yr........................   -2.3    3.2    5.0    3.2    0.9    5.7    9.3   -4.3    3.0    6.0    4.5    3.9    3.1    2.8    4.1    3.3
 
Chattanooga Bankruptcies (7)......................    323    401    401    344    391    398    380    369    437    406    458    484    409   5645   4762   4634
  % Chg Prev Month SAAR...........................  -92.5 1212.8    0.1  -84.1  358.5   26.3  -42.6  -30.8  669.9  -58.2  320.1   92.8  -86.8   -7.8  -15.6   -2.7
  % Chg Same Month Last Yr........................  -24.2    5.4   -1.3   -6.0   -6.9    8.1    2.7  -11.4    9.6    1.3   18.0   20.5   26.3   -7.8  -15.6   -2.7
 
Chattanooga Airport Passengers (THOU) (8).........   45.8   46.1   46.8   46.5   47.8   46.6   48.1   47.6   50.5   46.7   45.0   44.5   43.3  596.4  618.1  579.6
  % Chg Prev Month SAAR...........................  -49.5    7.3   19.1   -7.4   41.2  -26.9   45.1  -11.7  105.2  -61.5  -35.0  -13.2  -28.6    7.8    3.6   -6.2
  % Chg Same Month Last Yr........................   -9.7   -7.5  -11.6  -13.4   -6.1   -8.2   -3.2   -6.1   -5.6   -4.5   -7.6   -8.3   -5.6    7.8    3.6   -6.2
 
Chattanooga Comm & Ind Elec Cons (MIL KWH) (5)....    260    244    258    250    260    230    276    268    258    267    251    263    254   2833   3024   2962
  % Chg Prev Month SAAR...........................    9.3  -53.0   94.6  -29.4   54.6  -76.6  776.8  -30.4  -34.2   49.4  -51.7   74.8  -34.1    7.0    6.7   -2.1
  % Chg Same Month Last Yr........................    3.4   -4.6    2.4   -0.5    2.3  -10.4    5.1   49.7    1.9    5.5   -1.1    2.2   -2.1    7.0    6.7   -2.1
 
Initial Claims For Chattanooga UI (THOU) (3)......   1.88   1.80   1.74   1.67   1.58   1.54   1.51   1.50   1.41   1.43   1.57   1.75   2.06  25.06  19.65  20.66
  % Chg Prev Month SAAR...........................   19.3  -38.1  -35.7  -37.0  -48.0  -30.0  -22.8   -1.1  -54.0   20.1  195.4  266.3  608.0  -25.8  -21.6    5.2
  % Chg Same Month Last Yr........................   17.5    3.3    1.4   -1.5   -3.1   -8.1   -9.3  -12.1  -16.5  -13.6  -16.4   -5.7    9.4  -25.8  -21.6    5.2
 
Chattanooga New Incorporations (9)................     51     57     55     74     56     53     61     50     44     45     54     62     42    764    749    665
  % Chg Prev Month SAAR...........................  -87.9  304.3  -32.3 2981.8  -96.7  -46.9  515.3  -90.4  -81.2   20.0  983.0  352.6  -98.9    2.3   -2.0  -11.2
  % Chg Same Month Last Yr........................  -37.9  -14.3  -18.1   58.1   -8.1  -30.1   13.1   55.2  -22.3  -25.4   -3.3    1.4  -16.8    2.3   -2.0  -11.2
 
Chattanooga Construction Potentials (6)...........     30     40     30     42     42     40     30     28     47     49     50     38     34    308    377    427
  % Chg Prev Month SAAR...........................  -97.4 3043.2  -96.5 4821.1   -0.5  -53.9  -95.9  -67.253902.6   94.5    8.3  -95.7  -75.1   18.0   22.3   13.3
  % Chg Same Month Last Yr........................   -3.9   46.0   -1.6   49.3   16.2  -21.2  -20.4  -10.5   19.2   86.0   85.2   -6.8   12.5   18.0   22.3   13.3
 
Chattanooga Cnstr Potentials,Val (MIL 82$,NSA) (6)     20     30     15     14     23     23     18     18     18     15     22     22     17    195    208    236
  % Chg Same Month Last Yr........................   48.7   73.9  -11.4  -32.8    6.1  -13.6   39.8   39.4  -10.5  -28.6   -5.7   -1.7  -14.2   -0.8    6.8   13.3
------------------------------------------------------------------------------------------------------------------------------------------------------------------

KNOXVILLE ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505 199506 199507   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Knoxville Economic Index (1982=100)...............  122.8  123.6  123.3  124.1  125.5  124.2  124.2  123.9  124.9  123.7  123.0  122.8  122.5  116.1  119.8  122.9
  % Chg Prev Month SAAR...........................   -0.5    8.4   -2.6    7.7   14.1  -11.1   -0.5   -2.3    9.9  -11.0   -6.4   -2.0   -3.0    3.3    3.2    2.6
  % Chg Same Month Last Yr........................    2.2    2.5    2.0    1.8    3.4    1.9    3.4    1.2    2.3    1.4    0.7    0.0   -0.2    3.3    3.2    2.6
 
Knoxville Nonag Employment (THOU) (3).............  304.2  306.3  305.5  307.4  307.7  307.7  307.8  307.6  307.5  300.9  301.8  300.4  304.5  285.8  296.7  303.2
  % Chg Prev Month SAAR...........................   10.6    8.6   -3.2    7.8    1.1    0.1    0.4   -0.9   -0.4  -22.7    3.5   -5.3   17.3    5.4    3.8    2.2
  % Chg Same Month Last Yr........................    2.3    2.2    2.4    2.1    1.9    1.6    3.7    2.8    1.9    0.3    0.4   -0.4    0.1    5.4    3.8    2.2
 
Knoxville Unemployment Rate (%) (3)...............    4.0    4.0    3.9    3.8    3.7    3.3    3.7    3.6    3.3    3.8    3.8    4.0    4.2    5.3    4.7    4.0
 
Knoxville Mfg Employment (THOU,NSA) (2)...........   50.7   50.7   51.6   51.4   51.4   51.8   51.2   51.4   51.4   50.5   51.4   51.7   51.4   49.7   50.6   50.8
  % Chg Prev Month SAAR...........................   -2.3    0.0   23.5   -4.6    0.0    9.7  -13.0    4.8    0.0  -19.1   23.6    7.2   -6.7    1.7    1.8    0.4
  % Chg Same Month Last Yr........................   -1.6   -1.0    1.4    1.6    1.0    1.4    2.0    2.6    2.2    0.2    1.8    1.8    1.4    1.7    1.8    0.4
 
Knoxville Taxable Sales (MIL $) (4)...............    669    682    667    673    701    714    696    681    718    719    718    729    715   6807   7357   7981
  % Chg Prev Month SAAR...........................   26.9   25.1  -23.7   13.1   60.4   25.6  -26.2  -23.7   91.4    0.4   -0.9   19.1  -20.2    7.3    8.1    8.5
  % Chg Same Month Last Yr........................    6.5   11.4    5.1    6.5   11.5   12.0   16.7    3.8    9.3   10.5    9.0   11.1    6.9    7.3    8.1    8.5
 
Knoxville Taxable Sales (MIL 82 $) (4)............    451    457    446    450    468    476    462    451    475    473    472    478    468   4849   5089   5379
  % Chg Prev Month SAAR...........................   22.9   19.2  -25.5   11.3   57.9   22.6  -29.1  -26.1   86.9   -4.2   -3.9   17.3  -22.1    4.1    5.0    5.7
  % Chg Same Month Last Yr........................    3.7    8.2    2.0    3.7    8.6    9.2   13.4    0.9    6.3    7.2    5.6    7.9    3.9    4.1    5.0    5.7
 
Knoxville Bankruptcies (7)........................    440    459    462    416    333    489    414    376    431    390    490    449    486   5925   5220   5003
  % Chg Prev Month SAAR...........................  167.0   65.4    7.0  -71.0  -93.1 9833.0  -86.4  -68.3  410.9  -69.4 1452.7  -65.1  158.2   -8.0  -11.9   -4.2
  % Chg Same Month Last Yr........................    1.0    5.9    3.1   24.0  -19.2   19.7    7.9   24.1   -8.3   -3.8   12.5   10.7   10.4   -8.0  -11.9   -4.2
 
Knoxville Airport Passengers (THOU) (10)..........  105.6  107.3  110.6  107.5  111.5  109.1  113.3  113.6  118.9  108.8  112.7  114.0  105.6 1254.3 1310.9 1306.2
  % Chg Prev Month SAAR...........................  -38.0   20.7   43.9  -29.1   54.6  -22.7   56.7    3.6   72.4  -65.4   51.8   15.0  -60.0    9.4    4.5   -0.4
  % Chg Same Month Last Yr........................   -2.1    0.7   -1.3   -4.0   -0.8   -1.5    4.8    4.1    6.6   -0.1    5.2    3.7    0.0    9.4    4.5   -0.4
 
Knoxville Comm & Ind Elec Cons (MIL KWH) (5)......    185    187    184    191    187    186    191    194    198    190    193    195    194   2022   2191   2262
  % Chg Prev Month SAAR...........................  -25.1   14.6  -20.6   65.3  -26.2   -3.7   33.6   26.8   24.6  -37.0   17.1   10.6   -5.6    5.8    8.3    3.3
  % Chg Same Month Last Yr........................   -0.8    0.5   -2.1    6.2    0.6    0.4    0.3    0.9    2.2   -0.9    4.6    2.7    4.7    5.8    8.3    3.3
 
Initial Claims For Knoxville UI (THOU) (3)........   4.19   3.85   3.70   3.58   3.47   3.51   3.69   3.87   3.34   3.86   3.37   3.79   4.80  50.61  47.13  46.64
  % Chg Prev Month SAAR...........................   76.5  -64.8  -37.8  -32.9  -30.0   14.2   83.9   74.4  -82.7  470.9  -80.5  304.1 1617.7  -20.4   -6.9   -1.1
  % Chg Same Month Last Yr........................   11.1    0.5   -5.9   -9.6  -13.4  -11.4  -10.0  -11.3  -18.5    1.5  -15.2   -5.3   14.4  -20.4   -6.9   -1.1
 
Knoxville New Incorporations (9)..................    112    125    128    146    118    131    132    134    157    117    117    123    136   1509   1646   1501
  % Chg Prev Month SAAR...........................  -92.4  281.6   28.2  404.5  -92.6  274.6   10.4   12.0  592.8  -97.0   -5.9   82.2  243.1    6.7    9.1   -8.8
  % Chg Same Month Last Yr........................  -16.6  -25.4  -15.3   14.9  -21.5   -6.4  -14.5   82.1   27.5   -5.4   -7.4  -11.5   21.6    6.7    9.1   -8.8
 
Help Wanted Index,Knoxville (1967=100) (11).......    458    461    454    464    470    466    448    437    476    478    451    437    484    292    363    439
  % Chg Prev Month SAAR...........................   45.1    8.1  -16.8   29.9   16.7   -9.7  -37.7  -25.8  178.9    5.2  -50.2  -31.5  240.7    6.8   24.6   20.8
  % Chg Same Month Last Yr........................   25.5   18.5    9.4   16.6   21.8   15.1   23.8    3.8   11.7   17.4    3.9   -1.6    5.7    6.8   24.6   20.8
 
Knoxville Construction Potentials (6).............     43     73     54     55     51     60     63     56     64     53     82     49     85    512    577    628
  % Chg Prev Month SAAR...........................  -94.851145.2  -97.5   32.1  -60.5  625.0   92.2  -75.6  393.7  -90.921444.7  -99.864358.9   -2.3   12.7    8.8
  % Chg Same Month Last Yr........................  -15.2   49.2  -11.3    1.5  -12.2    7.9   20.0   61.7    3.3   11.2  102.2  -10.9   95.4   -2.3   12.7    8.8
 
Knoxville Cnstr Potentials,Val (MIL 82 $) (6).....     35     52     55     50     43     41     56     30     76     39     47     33     53    453    430    534
  % Chg Same Month Last Yr........................  -15.1   44.0   -1.1   56.9   43.2    8.8   -2.6  -11.7   56.0    3.6    7.5  -12.5   52.7   15.8   -5.0   24.2
------------------------------------------------------------------------------------------------------------------------------------------------------------------

MEMPHIS ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505 199506 199507   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Memphis Economic Index (1982=100).................  132.0  133.6  133.9  134.9  136.0  135.9  136.0  135.2  135.2  134.8  133.8  133.0  132.9  124.5  128.6  133.3
  % Chg Prev Month SAAR...........................   -5.9   15.9    2.4    9.7    9.6   -0.1    0.7   -6.7   -0.3   -3.2   -9.1   -6.7   -0.7    1.6    3.2    3.7
  % Chg Same Month Last Yr........................    2.3    3.2    3.6    3.5    4.2    3.6    3.8    3.6    1.5    1.4    0.7    0.3    0.7    1.6    3.2    3.7
 
Memphis Nonag Employment (THOU) (3)...............  499.4  501.0  503.2  509.1  514.9  511.2  513.9  511.9  512.0  508.9  507.9  503.2  505.2  483.3  491.9  503.8
  % Chg Prev Month SAAR...........................    3.6    3.9    5.5   15.0   14.5   -8.4    6.5   -4.5    0.2   -7.1   -2.3  -10.5    4.9    0.2    1.8    2.4
  % Chg Same Month Last Yr........................    1.5    1.6    1.9    1.9    3.0    1.4    2.4    2.5    1.4    1.5    1.5    1.1    1.2    0.2    1.8    2.4
 
Memphis Unemployment Rate (%) (3).................    4.7    4.7    4.6    4.5    4.3    4.0    4.1    4.1    4.1    4.2    4.4    4.7    4.8    5.9    5.4    4.7
 
Memphis Mfg Employment (THOU) (3).................   65.1   65.3   64.6   64.7   64.7   65.3   65.4   65.3   65.6   65.6   65.5   64.3   64.2   63.0   65.2   65.3
  % Chg Prev Month SAAR...........................  -12.2    4.7  -12.9    2.6   -0.4   11.0    1.7   -0.3    5.2   -0.9   -1.4  -20.4   -1.2    2.5    3.5    0.2
  % Chg Same Month Last Yr........................    0.0    0.1   -1.5   -1.0   -1.0   -1.1   -0.4   -0.2   -0.2   -0.4   -0.1   -2.3   -1.4    2.5    3.5    0.2
 
Memphis Taxable Sales (MIL $) (4).................    816    850    816    835    849    889    878    843    866    879    878    886    862   8281   8894   9848
  % Chg Prev Month SAAR...........................    2.0   61.8  -38.7   31.9   22.8   72.6  -13.6  -38.2   36.6   19.7   -0.5   10.6  -28.2    3.0    7.4   10.7
  % Chg Same Month Last Yr........................    8.8   13.1    3.8   11.5    8.9   14.8   15.9    8.9    5.3    7.7    8.6    8.7    5.6    3.0    7.4   10.7
 
Memphis Taxable Sales (MIL 82 $) (4)..............    550    570    546    558    567    592    583    559    572    578    577    581    564   5898   6151   6638
  % Chg Prev Month SAAR...........................   -1.2   54.1  -40.2   29.8   20.9   68.5  -16.9  -40.1   33.4   14.1   -3.6    8.9  -29.8    0.0    4.3    7.9
  % Chg Same Month Last Yr........................    5.9    9.9    0.8    8.6    6.2   11.9   12.6    5.8    2.4    4.5    5.2    5.6    2.6    0.0    4.3    7.9
 
Memphis Bankruptcies (7)..........................   1084   1316   1052   1100   1120   1070   1167   1129   1367   1218   1229   1178    722  14235  13873  13326
  % Chg Prev Month SAAR...........................  -54.4  928.1  -93.2   69.7   24.8  -42.4  184.6  -33.1  898.9  -75.0   11.7  -40.1  -99.7   -2.4   -2.5   -3.9
  % Chg Same Month Last Yr........................   -2.1   15.8   -8.9    5.0    0.0  -15.6    7.9    9.0   20.9   16.8    8.2    1.8  -33.4   -2.4   -2.5   -3.9
 
Memphis Airport Passengers (THOU) (12)............  650.8  651.7  665.9  693.8  700.9  731.9  741.8  740.7  749.6  702.2  740.7  740.8  739.7 8149.5 7859.9 8028.9
  % Chg Prev Month SAAR...........................   24.7    1.7   29.5   63.7   12.9   68.1   17.5   -1.8   15.5  -54.4   89.7    0.2   -1.7   -0.2   -3.6    2.2
  % Chg Same Month Last Yr........................    1.9    3.6    2.1    7.3    3.1   15.0   10.6   11.4   14.8    8.2   12.7   15.9   13.7   -0.2   -3.6    2.2
 
Memphis Comm & Ind Elec Cons (MIL KWH) (5)........    544    518    536    535    546    563    551    597    550    570    575    598    540   6196   6299   6568
  % Chg Prev Month SAAR...........................  -51.8  -43.7   47.6   -2.3   29.9   44.6  -23.9  163.1  -62.4   54.4   10.4   60.5  -70.8    6.1    1.7    4.3
  % Chg Same Month Last Yr........................   -3.8   -1.4   -0.5    3.5    3.0    4.7   -2.0    6.7    2.4    5.6    4.9    3.5   -0.7    6.1    1.7    4.3
 
Initial Claims For Memphis UI (THOU) (3)..........   4.66   4.62   4.42   4.54   4.15   4.14   4.04   4.12   4.07   3.94   4.08   4.59   4.70  72.11  57.48  54.62
  % Chg Prev Month SAAR...........................  -18.0   -9.5  -41.9   40.6  -66.4   -3.3  -24.5   27.3  -15.2  -32.5   52.1  320.2   29.7  -15.4  -20.3   -5.0
  % Chg Same Month Last Yr........................   -0.2    0.1   -6.3   -3.4  -11.5  -13.2  -14.9  -11.4  -13.3  -15.1  -11.8   -3.0    0.8  -15.4  -20.3   -5.0
 
Memphis New Incorporations (9)....................    107    149    154    150    161    169    157    143    115    122    136    144    150   2008   2038   1770
  % Chg Prev Month SAAR...........................  -98.7 5112.7   45.4  -28.0  142.8   82.3  -58.7  -67.5  -92.8  112.9  264.6   89.4   68.1    2.4    1.5  -13.2
  % Chg Same Month Last Yr........................  -42.2  -16.7   -3.9    1.6    3.7   15.7   -6.3   29.1  -26.6  -12.5   -9.4   -6.8   40.1    2.4    1.5  -13.2
 
Help Wanted Index,Memphis (1967=100) (11).........    181    188    180    197    181    189    185    183    186    191    167    173    169    104    126    177
  % Chg Prev Month SAAR...........................   14.3   57.7  -40.7  195.3  -63.8   68.0  -22.6  -12.2   21.5   37.5  -80.0   52.7  -24.5    4.8   21.5   40.7
  % Chg Same Month Last Yr........................   39.2   38.2   35.3   35.9   34.1   33.1   26.7   22.0   12.0    1.6   -7.2   -3.4   -6.6    4.8   21.5   40.7
 
Memphis Construction Potentials (6)...............     57     83     76     72     76     64     58     75     86     50    101     66     51    660    702    801
  % Chg Prev Month SAAR...........................  -25.5 9262.7  -63.4  -51.9  101.0  -87.6  -69.9 2245.0  387.5  -99.8*******  -99.4  -94.6   41.7    6.4   14.1
  % Chg Same Month Last Yr........................  -13.7   53.5   19.6   37.5   11.0   -0.7   -7.4   16.5   56.0  -21.8   49.2   12.6   -9.6   41.7    6.4   14.1
 
Memphis Cnstr Potentials,Val (MIL 82 $) (6).......     56     82     55     52     78     52     72     91     90     51     89     43     96    695    811    747
  % Chg Same Month Last Yr........................  -22.9   67.0  -22.0   -9.6   13.8  -68.6   31.1   44.5   47.3  -12.1   35.2  -37.0   71.0   16.7   16.7   -8.0
------------------------------------------------------------------------------------------------------------------------------------------------------------------

NASHVILLE ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505 199506 199507   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Nashville Economic Index (1982=100)...............  127.8  128.8  129.4  129.7  130.3  130.9  130.6  129.9  131.4  131.0  128.4  129.5  128.3  118.9  123.3  128.2
  % Chg Prev Month SAAR...........................   -3.4    9.5    6.0    3.1    6.1    4.8   -2.4   -6.0   14.8   -4.2  -20.8   10.3  -10.3    2.6    3.7    4.0
  % Chg Same Month Last Yr........................    3.8    4.1    3.9    4.0    3.7    3.9    4.6    2.8    2.8    3.1    0.6    1.0    0.4    2.6    3.7    4.0
 
Nashville Nonag Employment (THOU) (3).............  570.9  575.5  575.4  582.2  587.1  586.8  586.9  588.4  592.8  592.6  588.6  589.9  587.1  516.4  541.8  570.7
  % Chg Prev Month SAAR...........................    8.5   10.0   -0.2   15.2   10.6   -0.6    0.1    3.2    9.2   -0.3   -7.9    2.7   -5.5    3.2    4.9    5.3
  % Chg Same Month Last Yr........................    5.6    5.7    5.5    5.4    6.0    5.2    6.1    5.7    5.2    4.9    4.1    4.0    2.8    3.2    4.9    5.3
 
Nashville Unemployment Rate (%) (3)...............    3.2    3.2    3.0    3.0    2.9    2.8    2.8    2.7    2.8    3.0    3.2    3.3    3.7    5.0    4.2    3.3
 
Nashville Mfg Employment (THOU,NSA) (2)...........   99.1   98.9   99.3   99.7  100.0  100.7  101.2  101.0  101.0  100.7  100.6  100.7  100.3   90.9   94.2   98.7
  % Chg Prev Month SAAR...........................   -1.2   -2.4    5.0    4.9    3.7    8.7    6.1   -2.3    0.0   -3.5   -1.2    1.2   -4.7    4.6    3.6    4.7
  % Chg Same Month Last Yr........................    5.9    5.0    4.5    5.1    4.8    4.7    5.0    4.2    3.5    2.9    2.1    1.5    1.2    4.6    3.6    4.7
 
Nashville Taxable Sales (MIL $) (4)...............   1130   1175   1160   1164   1175   1195   1159   1158   1240   1219   1183   1218   1180  11064  12251  13598
  % Chg Prev Month SAAR...........................    5.3   59.0  -14.5    4.8   12.2   22.5  -31.0   -1.0  127.7  -18.3  -30.2   41.1  -31.2    8.3   10.7   11.0
  % Chg Same Month Last Yr........................   10.6   16.2    6.8   11.1   10.8   10.0   15.9    5.7    9.8    9.2    4.4    8.2    4.4    8.3   10.7   11.0
 
Nashville Taxable Sales (MIL 82 $) (4)............    761    788    776    778    785    796    769    767    820    803    777    799    773   7879   8473   9166
  % Chg Prev Month SAAR...........................    2.0   51.5  -16.5    3.1   10.4   19.6  -33.7   -4.1  122.3  -22.1  -32.4   38.9  -32.8    5.1    7.5    8.2
  % Chg Same Month Last Yr........................    7.7   12.9    3.7    8.2    8.0    7.3   12.7    2.8    6.8    6.0    1.2    5.1    1.5    5.1    7.5    8.2
 
Nashville Bankruptcies (7)........................    764    768    773    727    759    747    741    741    784    682    806    789    735  10882   9992   8938
  % Chg Prev Month SAAR...........................   79.4    6.4    7.7  -52.1   69.5  -18.1   -9.7    0.6   97.4  -81.2  633.9  -21.7  -57.8  -11.2   -8.2  -10.5
  % Chg Same Month Last Yr........................   -8.7    5.9  -15.9   -4.4   -9.2   -3.5    4.2   -3.0    5.2   -2.6    6.9    8.5   -3.9  -11.2   -8.2  -10.5
 
Nashville Airport Passengers (THOU) (13)..........  739.6  705.6  725.0  754.5  767.7  729.1  737.1  708.0  711.9  695.0  654.2  589.3  556.810228.6 9115.2 8705.1
  % Chg Prev Month SAAR...........................   51.6  -43.1   38.4   61.4   23.2  -46.1   13.9  -38.4    7.0  -25.2  -51.6  -71.5  -49.4   16.4  -10.9   -4.5
  % Chg Same Month Last Yr........................    5.3    2.1   -3.8    0.6   14.9   -0.5    2.5   -1.3   -1.2   -1.9   -7.0  -17.5  -24.7   16.4  -10.9   -4.5
 
Nashville Comm & Ind Elec Cons (MIL KWH) (5)......    498    457    465    478    490    488    494    506    498    505    490    517    484   5199   5599   5797
  % Chg Prev Month SAAR...........................    6.6  -64.6   24.1   38.6   33.6   -3.4   13.6   34.7  -18.0   20.3  -31.0   89.0  -54.2    4.7    7.7    3.5
  % Chg Same Month Last Yr........................    4.6   -5.2   -3.1    6.5    5.3    4.4    1.3    3.0    4.2    4.4    1.3    4.3   -2.8    4.7    7.7    3.5
 
Initial Claims For Nashville UI (THOU) (3)........   4.91   5.00   4.00   4.15   3.86   3.77   3.96   4.05   4.06   4.22   4.61   4.98   5.89  86.19  63.85  53.90
  % Chg Prev Month SAAR...........................  112.9   24.4  -93.2   58.0  -58.4  -24.4   79.0   31.0    1.7   62.5  185.8  151.4  647.2  -18.4  -25.9  -15.6
  % Chg Same Month Last Yr........................  -15.2   -9.3  -23.4  -19.3  -20.7  -25.0  -20.2  -16.5  -14.2   -6.6    1.9    8.0   19.9  -18.4  -25.9  -15.6
 
Nashville New Incorporations (9)..................    232    248    296    236    282    272    263    230    262    228    254    257    209   3297   3124   3000
  % Chg Prev Month SAAR...........................  -77.8  124.0  731.4  -93.2  745.9  -34.9  -35.4  -79.8  383.8  -80.9  259.9   15.0  -91.8    9.0   -5.2   -4.0
  % Chg Same Month Last Yr........................  -18.3   -1.0   17.6  -13.5    9.0    9.9    0.6   44.4    8.2  -10.2   -0.4   -2.1   -9.9    9.0   -5.2   -4.0
 
Help Wanted Index,Nashville (1967=100) (14).......    288    292    297    303    299    316    317    308    318    351    238    293    287    180    227    290
  % Chg Prev Month SAAR...........................  -31.1   17.8   20.5   27.6  -13.6   91.0    4.2  -28.6   45.2  228.1  -99.1 1139.0  -20.5   13.6   25.8   28.0
  % Chg Same Month Last Yr........................   21.6   21.5   22.6   21.9   17.5   21.2   23.1   11.5    8.9   34.2  -21.3   -1.4   -0.2   13.6   25.8   28.0
 
Nashville Construction Potentials (6).............    125    139    141    140    137    144    163    115    168    131    133    135    128   1203   1313   1567
  % Chg Prev Month SAAR...........................  -66.7  255.5   10.4   -4.8  -21.0   81.5  327.9  -98.4 8577.3  -94.8   18.9   18.1  -45.6    9.0    9.1   19.4
  % Chg Same Month Last Yr........................   13.1    8.9   14.8   27.4   -3.1   14.9   45.9  -13.9   26.5    8.0   28.1   -1.9    2.2    9.0    9.1   19.4
 
Nashville Cnstr Potentials,Val (MIL 82 $) (6).....    101    123    137     97    125     90    118     95    107    106    103    117    100   1120   1046   1330
  % Chg Same Month Last Yr........................   13.2  130.7   38.7   16.4   -0.8  -14.0   17.1   -3.6   -3.4  -33.1   23.6    9.9   -1.6   29.5   -6.5   27.2
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TRI-CITIES ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505 199506 199507   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Tri-Cities Economic Index (1982=100)..............  122.7  122.8  122.3  122.5  124.0  121.8  123.9  125.3  124.6  125.0  122.5  124.5  122.9  118.0  120.7  122.4
  % Chg Prev Month SAAR...........................    1.0    1.0   -5.2    2.4   15.3  -18.7   22.2   14.0   -6.5    4.6  -21.5   21.6  -14.6    3.1    2.3    1.5
  % Chg Same Month Last Yr........................    2.5    2.8    1.5    0.3    1.6    0.3    2.2    1.6    2.2    2.2    0.5    1.6    0.2    3.1    2.3    1.5
 
Tri-Cities Nonag Employment (THOU) (3)............  185.6  185.7  184.7  184.6  186.3  185.7  186.7  187.0  187.8  187.0  185.0  184.6  188.3  181.2  184.5  185.3
  % Chg Prev Month SAAR...........................    9.5    0.7   -6.1   -0.6   11.1   -3.7    7.0    2.0    5.1   -4.8  -12.1   -2.9   26.9    3.3    1.8    0.5
  % Chg Same Month Last Yr........................    2.1    2.3    0.3   -1.1   -0.2   -0.7    1.2    0.8    0.6    0.7    0.2    0.2    1.5    3.3    1.8    0.5
 
Tri-Cities Unemployment Rate (%) (3)..............    5.1    5.5    5.1    5.0    4.7    4.3    4.4    4.4    4.2    4.3    4.6    4.8    5.2    6.1    5.7    5.3
 
Tri-Cities Mfg Employment (THOU,NSA) (2)..........   53.3   53.5   53.5   52.2   52.6   52.9   52.8   53.0   53.3   53.4   53.3   53.3   53.3   54.0   53.7   53.0
  % Chg Prev Month SAAR...........................   -4.4    4.6    0.0  -25.6    9.6    7.1   -2.2    4.6    7.0    2.3   -2.2    0.0    0.0    0.7   -0.4   -1.3
  % Chg Same Month Last Yr........................   -1.1   -0.7   -0.9   -2.4   -1.3   -0.8    0.4    0.2    0.2    0.9    0.6   -0.4    0.0    0.7   -0.4   -1.3
 
Tri-Cities Taxable Sales (MIL $) (4)..............    267    269    274    271    270    248    269    295    287    283    284    290    280   2839   2981   3147
  % Chg Prev Month SAAR...........................   22.9    8.6   23.3   -9.7   -4.0  -63.7  158.8  202.6  -27.0  -17.7    3.7   29.2  -33.7    7.7    5.0    5.6
  % Chg Same Month Last Yr........................    6.8    8.4    8.4    9.7    7.1   -1.3   11.6   15.6    5.9    9.1    9.8   10.4    4.9    7.7    5.0    5.6
 
Tri-Cities Taxable Sales (MIL 82 $) (4)...........    180    180    183    181    180    166    179    195    190    186    186    190    183   2022   2062   2121
  % Chg Prev Month SAAR...........................   19.0    3.5   20.4  -11.1   -5.5  -64.5  148.7  193.1  -28.7  -21.5    0.4   27.2  -35.2    4.5    2.0    2.9
  % Chg Same Month Last Yr........................    4.0    5.3    5.2    6.9    4.4   -3.8    8.5   12.4    3.0    5.8    6.5    7.2    1.9    4.5    2.0    2.9
 
Tri-Cities Bankruptcies (7).......................    440    459    462    416    333    489    414    376    431    390    490    449    486   5925   5220   5003
  % Chg Prev Month SAAR...........................  167.0   65.4    7.0  -71.0  -93.1 9833.0  -86.4  -68.3  410.9  -69.4 1452.7  -65.1  158.2   -8.0  -11.9   -4.2
  % Chg Same Month Last Yr........................    1.0    5.9    3.1   24.0  -19.2   19.7    7.9   24.1   -8.3   -3.8   12.5   10.7   10.4   -8.0  -11.9   -4.2
 
Tri-Cities Airport Passengers (THOU) (15).........   34.2   34.6   35.8   35.9   37.1   36.8   37.6   37.4   39.3   37.3   37.2   35.2   33.2  469.5  446.8  436.8
  % Chg Prev Month SAAR...........................  -44.2   15.0   50.5    4.2   48.7   -9.5   28.7   -4.2   77.3  -46.5   -2.7  -47.7  -50.5   10.3   -4.8   -2.2
  % Chg Same Month Last Yr........................   -7.7   -4.9   -9.4   -4.6   -2.0   -1.6    2.1    0.1    4.0    0.2   -0.8   -1.8   -2.8   10.3   -4.8   -2.2
 
Tri-Cities Comm & Ind Elec Cons (MIL KWH) (5).....     59     59     56     54     52     52     56     61     54     62     56     71     59    595    646    673
  % Chg Prev Month SAAR...........................   20.9    5.4  -53.1  -37.6  -23.3  -10.9  173.2  141.5  -76.7  470.0  -70.8 1512.4  -87.9   10.5    8.5    4.2
  % Chg Same Month Last Yr........................   11.1    6.1    2.5   -3.2   -9.3    2.0   -2.6    3.9    4.0    9.0   -3.2   21.7    0.4   10.5    8.5    4.2
 
Initial Claims For Tri-Cities UI (THOU) (3).......   2.50   2.64   2.64   2.47   2.37   2.23   2.13   2.19   1.98   2.02   2.22   2.13   2.60  32.26  30.45  31.24
  % Chg Prev Month SAAR...........................  -32.1   91.1   -1.2  -56.2  -37.9  -52.5  -39.9   39.9  -70.3   22.5  219.1  -41.1 1033.8  -10.3   -5.6    2.6
  % Chg Same Month Last Yr........................   -6.1  -13.5   -5.3  -10.4  -14.5  -16.9  -22.4  -19.5  -32.0  -26.4  -16.7  -17.8    3.9  -10.3   -5.6    2.6
 
Tri-Cities New Incorporations (9).................     27     29     26     30     31     32     35     39     28     30     40     30     25    456    440    375
  % Chg Prev Month SAAR...........................  -86.4  168.3  -71.5  557.7   34.7   22.2  186.9  277.1  -97.7  150.8 2190.0  -97.0  -88.7    3.9   -3.4  -14.9
  % Chg Same Month Last Yr........................  -28.0  -21.1  -53.1   -3.9   -1.1    1.4   -0.5   58.5  -15.9  -31.3   23.1   -5.7   -7.2    3.9   -3.4  -14.9
 
Tri-Cities Construction Potentials (6)............     24     35     15     19     17     19     16     26     25     32     33     33     17    233    265    245
  % Chg Prev Month SAAR...........................  144.410058.3 -100.0 2013.0  -81.0  340.6  -89.037411.0  -32.3 1880.1   56.7   22.4 -100.0  -14.2   14.1   -7.8
  % Chg Same Month Last Yr........................    1.7   79.2  -22.6   -7.9  -36.7  -28.0   96.9   29.1   -6.9   64.3   50.7   52.3  -30.1  -14.2   14.1   -7.8
 
Tri-Cities Cnstr Potentials,Val (MIL 82 $,NSA) (6)     18     21     17     18     14     11     10     12     24     12     25     27     16    258    241    205
  % Chg Same Month Last Yr........................    7.1   66.2  -52.3    2.2  -46.5  -28.5   10.0  -40.8    7.8  -50.9   70.3   82.2  -11.4    9.4   -6.7  -14.8
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Center for Business and Economic Research, College of Business
Administration, The University of Tennessee, Knoxville.  For further
information, call CBER (423) 974-5441.
 
      Data reported herein are seasonally adjusted, and therefore
may not be directly comparable to data elsewhere.  The five
seasonally adjusted leading index components are Tennessee
construction potentials, initial claims for Tennessee unemployment
insurance, the U.S. leading index, inflation-adjusted taxable sales
and taxable mortgages.  The three seasonally adjusted coincident
index components are Tennessee commercial and industrial electricity
consumption, the Memphis help-wanted advertising index, and the U.S.
coincident index.  See the Fall 1988 issue of the Survey of Business
and the 1994 Economic Report to the Governor for a complete
discussion of the methodology underlying the Tennessee economic
indices.


Tennessee Economic Overview, July 1995
Tennessee Economic Overview, Current
CBER Home Page

Last updated October 18, 1995
Vickie Cunningham, vcunningham@utk.edu