Tennessee Economic Indicator Tables, May 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
 
                                              199405 199406 199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505   1992   1993   1994
-------------------------------------------------------------------------------------------------------------------------------------------------------------
TN Coincident Composite Index (1982=100).....  142.8  143.4  143.4  143.9  144.0  145.4  145.4  146.7  147.1  147.7  147.7  147.7  145.9  129.5  134.9  143.2
  % Chg Prev Month SAAR......................  -0.01   4.82   0.16   4.43   0.56  11.99   0.35  10.83   3.37   5.43  -0.26  -0.26 -13.44   2.34   4.22   6.14
  % Chg Same Month Last Yr...................   6.82   7.22   5.99   5.60   5.76   6.37   5.77   5.81   5.58   5.61   4.37   3.37   2.14   2.34   4.22   6.14
 
TN Leading Composite Index (1982=100)........  115.0  115.7  115.1  116.2  116.0  115.7  116.2  116.4  116.1  115.8  116.4  115.4  115.0  111.2  112.7  115.4
  % Chg Prev Month SAAR......................   2.14   7.16  -5.83  11.70  -1.41  -2.92   4.81   1.92  -2.53  -3.36   6.82 -10.39  -3.37   1.62   1.35   2.39
  % Chg Same Month Last Yr...................   2.56   2.91   2.31   3.12   2.66   2.51   2.04   2.00   2.42   1.51   0.48   0.50   0.03   1.62   1.35   2.39
 
TN Nonag Employment (THOU) (2)............... 2411.4 2421.5 2429.5 2428.4 2436.9 2442.4 2469.5 2458.6 2464.2 2471.3 2481.9 2485.8 2487.1 2244.9 2328.4 2421.1
  % Chg Prev Month SAAR......................   5.01   5.14   4.04  -0.54   4.28   2.74  14.16  -5.17   2.77   3.51   5.27   1.90   0.63   2.81   3.72   3.98
  % Chg Same Month Last Yr...................   4.07   4.27   4.20   4.04   4.03   3.86   4.69   3.71   3.94   3.67   3.46   3.51   3.14   2.81   3.72   3.98
 
TN Unemployment Rate (%) (2).................    4.9    4.9    4.9    4.7    4.5    4.4    4.3    4.0    4.0    4.1    4.0    4.4    4.6    6.4    5.7    4.8
 
TN Mfg Employment (THOU) (2).................  537.3  539.1  540.6  539.8  540.1  539.7  540.2  541.3  542.4  541.2  540.4  537.7  536.7  514.5  528.4  538.4
  % Chg Prev Month SAAR......................   1.58   4.09   3.39  -1.76   0.67  -0.89   1.12   2.47   2.47  -2.62  -1.76  -5.83  -2.21   2.36   2.70   1.89
  % Chg Same Month Last Yr...................   1.86   2.16   2.00   1.91   1.64   1.58   1.56   1.39   1.67   0.89   0.73   0.21  -0.11   2.36   2.70   1.89
 
TN Mfg Avg Weekly Hours (3)..................   40.8   41.0   40.8   40.5   40.8   40.9   41.2   41.0   41.1   41.3   40.8   40.0   40.0   40.3   40.8   40.9
  % Chg Prev Month SAAR...................... -17.92   4.81  -6.38  -7.50   7.46   4.17   8.82  -6.39   4.87   5.45 -14.28 -20.44   0.22   1.80   1.07   0.40
  % Chg Same Month Last Yr...................   0.12   0.53  -0.27  -0.17   1.11   1.03   0.76   0.74   0.25   1.47  -0.55  -3.64  -2.03   1.80   1.07   0.40
 
TN Taxable Sales (MIL $) (4).................   4537   4621   4612   4789   4673   4684   4787   4845   4781   4775   5117   4977   4901  46959  50649  55343
  % Chg Prev Month SAAR......................  13.01  24.59  -2.23  57.00 -25.45   3.00  29.65  15.60 -14.87  -1.28 128.86 -28.19 -16.90   6.34   7.86   9.27
  % Chg Same Month Last Yr...................   9.57   8.74   7.21  13.58   6.33   9.80  10.57  10.60  15.39   8.68   7.33  10.83   8.03   6.34   7.86   9.27
 
TN Taxable Sales (MIL 82 $) (4)..............   3074   3120   3106   3212   3128   3131   3196   3228   3174   3163   3382   3277   3218  33448  35033  37304
  % Chg Prev Month SAAR......................  11.19  19.63  -5.35  49.58 -27.22   1.36  27.59  12.86 -18.20  -4.38 123.48 -31.52 -19.48   3.22   4.74   6.49
  % Chg Same Month Last Yr...................   7.12   6.02   4.39  10.38   3.20   6.94   7.76   7.80  12.17   5.66   4.35   7.55   4.69   3.22   4.74   6.49
 
TN Comm & Ind Elect Consumption (MIL KWH) (5)   2926   2958   2929   2847   2871   2860   2909   2946   3008   3078   3033   3037   3005  31187  33412  34914
  % Chg Prev Month SAAR......................   5.98  14.11 -11.09 -29.10  10.95  -4.67  22.47  16.26  28.63  31.96 -16.28   1.48 -12.02   7.04   7.14   4.49
  % Chg Same Month Last Yr...................   6.33   9.49   2.98   0.59   1.74   5.07   1.99   2.78   1.90   6.45   4.17   4.29   2.69   7.04   7.14   4.49
 
Initial Claims For TN UI (THOU) (3)..........   36.1   33.7   35.4   34.1   28.9   30.6   27.6   29.1   32.5   32.5   32.2   28.0   42.9  487.7  427.8  404.5
  % Chg Prev Month SAAR......................   23.8  -55.1   80.8  -36.0  -86.2   91.8  -71.1   91.1  276.2    1.2  -12.1  -81.316837.9  -13.5  -12.3   -5.4
  % Chg Same Month Last Yr...................  13.34 -11.81  -4.75  -2.42 -22.82 -14.17 -25.71 -20.83 -17.20 -17.71  -7.83 -21.03  18.97 -13.51 -12.29  -5.44
 
Continued Weeks Claimed For TN UI (THOU) (3).  191.9  173.5  172.8  202.2  166.4  180.4  160.3  150.3  175.4  165.5  141.3  149.2  180.7 2744.2 2235.8 2140.5
  % Chg Prev Month SAAR......................  240.8  -70.2   -4.8  561.0  -90.4  165.0  -75.8  -53.8  538.4  -50.4  -85.0   93.3  896.1  -16.0  -18.5   -4.3
  % Chg Same Month Last Yr...................  11.89 -14.30  -5.53   0.41 -15.56   5.17 -18.58 -19.11  -8.27 -15.07 -23.03 -13.86  -5.81 -15.99 -18.53  -4.26
 
Total TN Construction Potentials (6).........    438    575    462    552    523    524    515    498    531    478    629    494    572   4922   5303   6021
  % Chg Prev Month SAAR......................  -23.2 2541.3  -92.7  738.7  -48.1    2.5  -18.3  -33.2  116.9  -71.5 2567.4  -94.5  485.4   10.0    7.7   13.6
  % Chg Same Month Last Yr...................   2.53  31.89  -1.18  26.82   8.42  20.07  -1.44   4.79  20.47   0.73  10.07  10.35  30.71  10.03   7.73  13.55
 
TN Constrc Potentials,Val (MIL 82 $,NSA) (6).    314    487    332    472    407    328    305    279    287    303    426    278    340   3741   3789   4289
  % Chg Same Month Last Yr...................  11.59  12.25   1.73  51.64  -4.42   6.60   0.59 -31.38  18.89   1.18  -0.60 -29.72   8.01  19.75   1.29  13.18
-------------------------------------------------------------------------------------------------------------------------------------------------------------

U.S. ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                              199405 199406 199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505   1992   1993   1994
-------------------------------------------------------------------------------------------------------------------------------------------------------------
US Personal Income (BIL 82 $) (1)............ 3838.3 3831.8 3841.3 3843.5 3861.0 3906.9 3899.7 3919.7 3938.0 3948.8 3960.8 3950.6 3931.7 3670.7 3718.1 3843.7
  % Chg Prev Month SAAR......................   3.97  -2.03   3.03   0.66   5.63  15.22  -2.18   6.33   5.74   3.35   3.71  -3.04  -5.60   2.92   1.29   3.38
  % Chg Same Month Last Yr...................   3.06   3.21   3.71   2.84   3.36   4.36   3.85   3.95   5.13   3.96   3.90   3.26   2.43   2.92   1.29   3.38
 
US CPI,All Urban Consumers (1982-84=100).....  147.6  148.1  148.5  149.1  149.4  149.6  149.8  150.1  150.6  151.0  151.3  151.9  152.3  140.4  144.6  148.3
  % Chg Prev Month SAAR......................   1.64   4.14   3.29   4.96   2.44   1.62   1.62   2.43   4.07   3.23   2.41   4.86   3.21   3.03   2.96   2.61
  % Chg Same Month Last Yr...................   2.29   2.56   2.70   2.90   3.03   2.68   2.60   2.60   2.87   2.86   2.86   3.05   3.18   3.03   2.96   2.61
 
US Nonag Employment (MIL)....................  113.6  113.9  114.2  114.5  114.8  114.9  115.4  115.6  115.8  116.1  116.3  116.3  116.3  108.6  110.7  114.0
  % Chg Prev Month SAAR......................   2.95   3.27   2.43   3.62   2.67   1.82   5.26   2.07   1.95   3.29   1.87   0.08  -0.47   0.31   1.96   2.98
  % Chg Same Month Last Yr...................   2.93   3.09   3.01   3.17   3.17   3.03   3.25   3.15   3.12   3.15   2.84   2.60   2.31   0.31   1.96   2.98
 
US Unemployment Rate (%).....................    6.1    6.1    6.1    6.0    5.8    5.7    5.6    5.4    5.7    5.4    5.5    5.8    5.7    7.4    6.8    6.1
 
Bank Prime Interest Rate (%).................    7.0    7.3    7.3    7.5    7.8    7.8    8.1    8.5    8.5    9.0    9.0    9.0    9.0    6.3    6.0    7.1
 
US Coincident Composite Index (1982=100).....  113.2  113.6  113.7  114.4  114.7  115.3  115.8  116.4  116.6  116.9  117.0  116.7  116.4  106.7  109.4  113.8
  % Chg Prev Month SAAR......................   3.24   4.32   1.06   7.64   3.19   6.46   5.33   6.40   2.08   3.13   1.03  -3.03  -3.04   1.40   2.52   4.05
  % Chg Same Month Last Yr...................   3.85   4.03   4.22   4.19   4.37   4.53   4.42   4.39   4.67   4.28   3.82   3.37   2.83   1.40   2.52   4.05
 
US Leading Composite Index (1982=100)........  101.5  101.7  101.7  102.3  102.3  102.2  102.3  102.5  102.5  102.2  101.8  101.2  101.0   98.2   98.8  101.7
  % Chg Prev Month SAAR......................   1.19   2.39   0.00   7.31   0.00  -1.17   1.18   2.37   0.00  -3.46  -4.60  -6.85  -2.35   1.04   0.67   2.88
  % Chg Same Month Last Yr...................   3.36   3.46   3.67   3.86   3.65   3.02   2.71   2.19   1.99   1.49   0.49  -0.20  -0.49   1.04   0.67   2.88
 
US Mfg Employment (MIL)......................   18.3   18.3   18.3   18.3   18.4   18.4   18.4   18.5   18.5   18.5   18.5   18.5   18.5   18.1   18.1   18.3
  % Chg Prev Month SAAR......................   0.86   2.66   0.00   3.26   0.59   2.85   2.71   2.17   1.97   1.37   0.13  -1.22  -2.88  -1.64  -0.16   1.26
  % Chg Same Month Last Yr...................   1.03   1.41   1.36   1.70   1.66   1.77   1.89   1.98   1.93   1.91   1.70   1.44   1.12  -1.64  -0.16   1.26
 
Initial Claims for U.S. UI (THOU)............ 1540.5 1498.6 1436.9 1484.6 1426.1 1404.5 1455.2 1402.5 1475.2 1446.2 1514.5 1465.6 1675.0 1767.3 1478.9 1472.4
  % Chg Prev Month SAAR......................  60.78 -28.16 -39.61  47.95 -38.25 -16.78  53.03 -35.76  83.35 -21.20  74.00 -32.55 396.85  -8.21 -16.32  -0.44
  % Chg Same Month Last Yr...................  10.75  -1.31  -2.38   0.91  -4.10  -3.43  -2.56  -5.12  -2.47  -4.27  -0.07  -1.02   8.74  -8.21 -16.32  -0.44
 
US Retail Sales (BIL $)......................  183.2  185.2  185.1  187.9  189.3  191.5  192.1  192.4  193.3  191.9  193.2  193.0  194.7  162.1  172.7  186.1
  % Chg Prev Month SAAR......................  -2.71  14.14  -0.40  19.25   9.64  14.76   4.01   1.71   5.81  -8.53   8.34  -0.81  11.22   4.77   6.58   7.77
  % Chg Same Month Last Yr...................   6.98   7.94   6.95   8.10   8.83   8.28   7.83   6.98   8.62   5.68   5.04   5.14   6.32   4.77   6.58   7.77
 
US Consumer Sentiment (196601=100)...........   92.8   91.2   89.0   91.7   91.5   92.7   91.6   95.1   97.6   95.1   90.3   92.5   89.8   77.2   82.8   92.3
  % Chg Prev Month SAAR......................   2.62 -18.84 -25.40  43.14  -2.59  16.92 -13.35  56.83  36.53 -26.76 -46.29  33.49 -29.92  -0.39   7.17  11.44
  % Chg Same Month Last Yr...................  15.57  11.90  15.58  18.63  17.46  12.09  12.81   7.82   3.50   2.04  -1.31  -0.11  -3.23  -0.39   7.17  11.44
 
-------------------------------------------------------------------------------------------------------------------------------------------------------------
                                               92/I  92/II  92/III  92/IV  93/I  93/II  93/III  93/IV  94/I  94/II  94/III  94/IV  95/I    1992   1993   1994
-------------------------------------------------------------------------------------------------------------------------------------------------------------
US GDP (BIL 87 $) (1)........................ 4918.5 4947.5 4990.5 5060.7 5075.3 5105.4 5139.4 5218.0 5261.1 5314.1 5367.0 5433.8 5470.1 4979.3 5134.5 5344.0
  % Chg Prev Qtr SAAR........................   3.13   2.38   3.52   5.75   1.16   2.39   2.69   6.26   3.34   4.09   4.04   5.07   2.70   2.29   3.12   4.08
  % Chg Same Qtr Last Yr.....................   1.58   1.64   2.27   3.69   3.19   3.19   2.98   3.11   3.66   4.09   4.43   4.14   3.97   2.29   3.12   4.08
 
US Personal Income (Bil 87 $) (1)............ 4121.5 4141.2 4161.8 4271.4 4181.0 4244.1 4255.4 4301.6 4343.9 4390.9 4414.5 4487.8 4544.2 4174.0 4245.5 4409.3
  % Chg Prev Qtr SAAR........................   4.70   1.92   2.01  10.96  -8.20   6.17   1.08   4.41   3.98   4.40   2.17   6.81   5.12   2.82   1.71   3.86
  % Chg Same Qtr Last Yr.....................   1.81   1.98   2.65   4.83   1.44   2.49   2.25   0.71   3.90   3.46   3.74   4.33   4.61   2.82   1.71   3.86
-------------------------------------------------------------------------------------------------------------------------------------------------------------

CHATTANOOGA ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199405 199406 199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Chattanooga Economic Index (1982=100).............  119.5  120.0  120.2  119.6  120.3  120.6  120.9  120.4  121.9  121.4  121.6  121.2  120.0  115.0  118.6  119.9
  % Chg Prev Month SAAR...........................   -4.4    5.8    2.2   -6.5    7.5    2.9    2.8   -4.6   16.5   -4.7    1.8   -3.6  -11.4    2.6    3.1    1.2
  % Chg Same Month Last Yr........................    0.9    1.5    1.5    0.9    1.2    1.0    1.3    0.2    2.1    3.2    0.8    1.1    0.5    2.6    3.1    1.2
 
Chattanooga Nonag Employment (THOU) (3)...........  213.1  214.8  215.6  215.0  215.2  216.3  216.5  217.5  218.8  218.9  217.4  216.8  217.9  202.0  209.4  215.1
  % Chg Prev Month SAAR...........................   -7.8   10.3    4.2   -3.3    1.6    6.1    1.1    5.9    7.2    0.7   -7.9   -3.6    6.2    1.6    3.7    2.7
  % Chg Same Month Last Yr........................    1.7    2.9    3.0    2.5    2.3    2.1    2.0    1.3    2.5    1.8    1.7    1.1    2.2    1.6    3.7    2.7
 
Chattanooga Unemployment Rate (%) (3).............    4.6    4.5    4.5    4.5    4.7    4.4    4.2    4.0    4.0    3.9    3.8    4.1    4.3    6.2    5.1    4.5
 
Chattanooga Mfg Employment (THOU,NSA) (3).........   45.8   46.0   45.6   45.7   46.0   45.6   45.8   45.8   44.9   44.9   45.2   45.2   44.8   43.5   45.0   45.7
  % Chg Prev Month SAAR...........................   -5.1    5.4   -9.9    2.7    8.2   -9.9    5.4    0.0  -21.2    0.0    8.3    0.0  -10.1   -0.9    3.4    1.6
  % Chg Same Month Last Yr........................    2.2    1.5    0.4    0.2    0.9    0.2   -0.4   -0.9   -0.7   -1.1   -0.7   -1.7   -2.2   -0.9    3.4    1.6
 
Chattanooga Taxable Sales (MIL $) (4).............    307    312    308    310    321    313    311    323    317    305    332    337    331   3272   3506   3717
  % Chg Prev Month SAAR...........................   -6.3   22.9  -14.7   10.6   49.6  -26.7   -4.6   53.2  -18.3  -39.1  177.1   20.6  -20.0    5.9    7.2    6.0
  % Chg Same Month Last Yr........................    4.9    5.0    0.4    6.2    8.1    6.0    3.5    8.4   12.4   -1.6    6.0    9.3    7.8    5.9    7.2    6.0
 
Chattanooga Taxable Sales (MIL 82 $) (4)..........    208    211    207    208    215    209    208    215    211    202    219    222    217   2330   2425   2506
  % Chg Prev Month SAAR...........................   -7.8   18.0  -17.5    5.4   46.0  -27.8   -6.1   49.6  -21.5  -41.0  170.6   15.0  -22.4    2.8    4.1    3.3
  % Chg Same Month Last Yr........................    2.6    2.4   -2.3    3.2    5.0    3.2    0.9    5.7    9.3   -4.3    3.0    6.0    4.5    2.8    4.1    3.3
 
Chattanooga Bankruptcies (7)......................    388    402    323    401    401    344    391    398    380    369    437    406    458   5645   4762   4634
  % Chg Prev Month SAAR...........................  -32.5   49.8  -92.5 1212.8    0.1  -84.1  358.5   26.3  -42.6  -30.8  669.9  -58.2  320.1   -7.8  -15.6   -2.7
  % Chg Same Month Last Yr........................   -3.9    1.9  -24.2    5.4   -1.3   -6.0   -6.9    8.1    2.7  -11.4    9.6    1.3   18.0   -7.8  -15.6   -2.7
 
Chattanooga Airport Passengers (THOU) (8).........   48.7   48.5   45.8   46.1   46.8   46.5   47.8   46.6   48.1   47.6   50.5   46.7   45.0  596.4  618.1  579.6
  % Chg Prev Month SAAR...........................   -3.4   -4.2  -49.5    7.3   19.1   -7.4   41.2  -26.9   45.1  -11.7  105.2  -61.5  -35.0    7.8    3.6   -6.2
  % Chg Same Month Last Yr........................   -6.4    0.0   -9.7   -7.5  -11.6  -13.4   -6.1   -8.2   -3.2   -6.1   -5.6   -4.5   -7.6    7.8    3.6   -6.2
 
Chattanooga Comm & Ind Elec Cons (MIL KWH) (5)....    254    258    260    244    258    250    260    230    276    268    258    267    251   2833   3024   2962
  % Chg Prev Month SAAR...........................    4.7   18.2    9.3  -53.0   94.6  -29.4   54.6  -76.6  776.8  -30.4  -34.2   49.4  -51.7    7.0    6.7   -2.1
  % Chg Same Month Last Yr........................    2.4    3.3    3.4   -4.6    2.4   -0.5    2.3  -10.4    5.1   49.7    1.9    5.5   -1.1    7.0    6.7   -2.1
 
Initial Claims For Chattanooga UI (THOU) (3)......   1.87   1.85   1.88   1.80   1.74   1.67   1.58   1.54   1.51   1.50   1.41   1.43   1.57  25.06  19.65  20.66
  % Chg Prev Month SAAR...........................  338.1  -13.8   19.3  -38.1  -35.7  -37.0  -48.0  -30.0  -22.8   -1.1  -54.0   20.1  195.4  -25.8  -21.6    5.2
  % Chg Same Month Last Yr........................   20.3   16.5   17.5    3.3    1.4   -1.5   -3.1   -8.1   -9.3  -12.1  -16.5  -13.6  -16.4  -25.8  -21.6    5.2
 
Chattanooga New Incorporations (9)................     56     61     51     57     55     74     56     53     61     50     44     45     54    764    749    665
  % Chg Prev Month SAAR...........................  -51.6  156.0  -87.9  304.3  -32.3 2981.8  -96.7  -46.9  515.3  -90.4  -81.2   20.0  983.0    2.3   -2.0  -11.2
  % Chg Same Month Last Yr........................   46.5   -6.6  -37.9  -14.3  -18.1   58.1   -8.1  -30.1   13.1   55.2  -22.3  -25.4   -3.3    2.3   -2.0  -11.2
 
Chattanooga Construction Potentials (6)...........     27     41     30     40     30     42     42     40     30     28     47     49     50    308    377    427
  % Chg Prev Month SAAR...........................   13.716430.6  -97.4 3043.2  -96.5 4821.1   -0.5  -53.9  -95.9  -67.253902.6   94.5    8.3   18.0   22.3   13.3
  % Chg Same Month Last Yr........................  -27.1   51.0   -3.9   46.0   -1.6   49.3   16.2  -21.2  -20.4  -10.5   19.2   86.0   85.2   18.0   22.3   13.3
 
Chattanooga Cnstr Potentials,Val (MIL 82$,NSA) (6)     23     22     20     30     15     14     23     23     18     18     18     15     22    195    208    236
  % Chg Same Month Last Yr........................   41.7    8.5   48.7   73.9  -11.4  -32.8    6.1  -13.6   42.4   39.4  -10.5  -29.4   -3.6   -0.8    6.8   13.3
------------------------------------------------------------------------------------------------------------------------------------------------------------------

KNOXVILLE ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199405 199406 199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Knoxville Economic Index (1982=100)...............  122.2  122.8  122.8  123.6  123.3  124.1  125.5  124.2  124.2  123.9  124.9  123.7  123.1  116.1  119.8  122.9
  % Chg Prev Month SAAR...........................    1.5    6.0   -0.5    8.4   -2.6    7.7   14.1  -11.1   -0.5   -2.3    9.9  -11.0   -6.3    3.3    3.2    2.6
  % Chg Same Month Last Yr........................    2.7    2.9    2.2    2.5    2.0    1.8    3.4    1.9    3.4    1.2    2.3    1.4    0.7    3.3    3.2    2.6
 
Knoxville Nonag Employment (THOU) (3).............  300.7  301.6  304.2  306.3  305.5  307.4  307.7  307.7  307.8  307.6  307.5  300.9  301.9  285.8  296.7  303.2
  % Chg Prev Month SAAR...........................    2.3    3.7   10.6    8.6   -3.2    7.8    1.1    0.1    0.4   -0.9   -0.4  -22.7    3.9    5.4    3.8    2.2
  % Chg Same Month Last Yr........................    2.3    2.6    2.3    2.2    2.4    2.1    1.9    1.6    3.7    2.8    1.9    0.3    0.4    5.4    3.8    2.2
 
Knoxville Unemployment Rate (%) (3)...............    4.1    4.1    4.1    4.0    3.9    3.8    3.7    3.3    3.6    3.5    3.3    3.8    3.7    5.3    4.7    4.0
 
Knoxville Mfg Employment (THOU,NSA) (2)...........   50.5   50.8   50.7   50.7   51.6   51.4   51.4   51.8   51.2   51.4   51.4   50.5   51.2   49.7   50.6   50.8
  % Chg Prev Month SAAR...........................    2.4    7.4   -2.3    0.0   23.5   -4.6    0.0    9.7  -13.0    4.8    0.0  -19.1   18.0    1.7    1.8    0.4
  % Chg Same Month Last Yr........................   -0.4    0.2   -1.6   -1.0    1.4    1.6    1.0    1.4    2.0    2.6    2.2    0.2    1.4    1.7    1.8    0.4
 
Knoxville Taxable Sales (MIL $) (4)...............    659    656    669    682    667    673    701    714    696    681    718    719    718   6807   7357   7981
  % Chg Prev Month SAAR...........................   16.8   -5.4   26.9   25.1  -23.7   13.1   60.4   25.6  -26.2  -23.7   91.4    0.4   -0.9    7.3    8.1    8.5
  % Chg Same Month Last Yr........................   10.3    5.9    6.5   11.4    5.1    6.5   11.5   12.0   16.7    3.8    9.3   10.5    9.0    7.3    8.1    8.5
 
Knoxville Taxable Sales (MIL 82 $) (4)............    447    443    451    457    446    450    468    476    462    451    475    473    472   4849   5089   5379
  % Chg Prev Month SAAR...........................   14.9   -9.2   22.9   19.2  -25.5   11.3   57.9   22.6  -29.1  -26.1   86.9   -4.2   -3.9    4.1    5.0    5.7
  % Chg Same Month Last Yr........................    7.9    3.2    3.7    8.2    2.0    3.7    8.6    9.2   13.4    0.9    6.3    7.2    5.6    4.1    5.0    5.7
 
Knoxville Bankruptcies (7)........................    436    406    440    459    462    416    333    489    414    376    431    390    490   5925   5220   5003
  % Chg Prev Month SAAR...........................  138.8  -58.0  167.0   65.4    7.0  -71.0  -93.1 9833.0  -86.4  -68.3  410.9  -69.4 1452.7   -8.0  -11.9   -4.2
  % Chg Same Month Last Yr........................   -1.5   -8.5    1.0    5.9    3.1   24.0  -19.2   19.7    7.9   24.1   -8.3   -3.8   12.5   -8.0  -11.9   -4.2
 
Knoxville Airport Passengers (THOU) (10)..........  107.1  109.9  105.6  107.3  110.6  107.5  111.5  109.1  113.3  113.6  118.9  108.8  112.7 1254.3 1310.9 1306.2
  % Chg Prev Month SAAR...........................  -18.4   37.1  -38.0   20.7   43.9  -29.1   54.6  -22.7   56.7    3.6   72.4  -65.4   51.8    9.4    4.5   -0.4
  % Chg Same Month Last Yr........................   -2.5    4.1   -2.1    0.7   -1.3   -4.0   -0.8   -1.5    4.8    4.1    6.6   -0.1    5.2    9.4    4.5   -0.4
 
Knoxville Comm & Ind Elec Cons (MIL KWH) (5)......    185    189    185    187    184    191    187    186    191    194    198    190    193   2022   2191   2262
  % Chg Prev Month SAAR...........................  -38.8   37.6  -25.1   14.6  -20.6   65.3  -26.2   -3.7   33.6   26.8   24.6  -37.0   17.1    5.8    8.3    3.3
  % Chg Same Month Last Yr........................    0.5    5.4   -0.8    0.5   -2.1    6.2    0.6    0.4    0.3    0.9    2.2   -0.9    4.6    5.8    8.3    3.3
 
Initial Claims For Knoxville UI (THOU) (3)........   3.97   4.00   4.19   3.85   3.70   3.58   3.47   3.51   3.69   3.87   3.34   3.86   3.37  50.61  47.13  46.64
  % Chg Prev Month SAAR...........................   67.5    8.4   76.5  -64.8  -37.8  -32.9  -30.0   14.2   83.9   74.4  -82.7  470.9  -80.5  -20.4   -6.9   -1.1
  % Chg Same Month Last Yr........................    0.7    4.7   11.1    0.5   -5.9   -9.6  -13.4  -11.4  -10.0  -11.3  -18.5    1.5  -15.2  -20.4   -6.9   -1.1
 
Knoxville New Incorporations (9)..................    126    139    112    125    128    146    118    131    132    134    157    117    117   1509   1646   1501
  % Chg Prev Month SAAR...........................   20.6  215.2  -92.4  281.6   28.2  404.5  -92.6  274.6   10.4   12.0  592.8  -97.0   -5.9    6.7    9.1   -8.8
  % Chg Same Month Last Yr........................   -4.7    5.4  -16.6  -25.4  -15.3   14.9  -21.5   -6.4  -14.5   82.1   27.5   -5.4   -7.4    6.7    9.1   -8.8
 
Help Wanted Index,Knoxville (1967=100) (11).......    434    444    458    461    454    464    470    466    448    437    476    478    451    292    363    439
  % Chg Prev Month SAAR...........................  116.1   31.4   45.1    8.1  -16.8   29.9   16.7   -9.7  -37.7  -25.8  178.9    5.2  -50.2    6.8   24.6   20.8
  % Chg Same Month Last Yr........................   22.9   26.1   25.5   18.5    9.4   16.6   21.8   15.1   23.8    3.8   11.7   17.4    3.9    6.8   24.6   20.8
 
Knoxville Construction Potentials (6).............     41     55     43     73     54     55     51     60     63     56     64     53     82    512    577    628
  % Chg Prev Month SAAR...........................  -83.5 4011.9  -94.851145.2  -97.5   32.1  -60.5  625.0   92.2  -75.6  393.7  -90.921444.7   -2.3   12.7    8.8
  % Chg Same Month Last Yr........................   -6.5   18.5  -15.2   49.2  -11.3    1.5  -12.2    7.9   20.0   61.7    3.3   11.2  102.2   -2.3   12.7    8.8
 
Knoxville Cnstr Potentials,Val (MIL 82 $) (6).....     44     38     35     52     55     46     43     41     46     31     59     36     46    453    430    530
  % Chg Same Month Last Yr........................   31.7   -3.0  -15.1   44.0   -1.1   42.1   43.2    8.8  -19.3   -9.9   21.4   -3.2    3.2   15.8   -5.0   23.1
------------------------------------------------------------------------------------------------------------------------------------------------------------------
 

MEMPHIS ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199405 199406 199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Memphis Economic Index (1982=100).................  132.8  132.6  132.0  133.6  133.9  134.9  136.0  135.9  136.0  135.2  135.2  134.8  133.8  124.5  128.6  133.3
  % Chg Prev Month SAAR...........................   -1.1   -1.6   -5.9   15.9    2.4    9.7    9.6   -0.1    0.7   -6.7   -0.3   -3.2   -9.2    1.6    3.2    3.7
  % Chg Same Month Last Yr........................    4.5    3.5    2.3    3.2    3.6    3.5    4.2    3.6    3.8    3.6    1.5    1.4    0.7    1.6    3.2    3.7
 
Memphis Nonag Employment (THOU) (3)...............  500.6  497.9  499.4  501.0  503.2  509.1  514.9  511.2  513.9  511.9  512.0  508.9  507.8  483.3  491.9  503.8
  % Chg Prev Month SAAR...........................   -1.8   -6.1    3.6    3.9    5.5   15.0   14.5   -8.4    6.5   -4.5    0.2   -7.1   -2.5    0.2    1.8    2.4
  % Chg Same Month Last Yr........................    2.9    2.0    1.5    1.6    1.9    1.9    3.0    1.4    2.4    2.5    1.4    1.5    1.4    0.2    1.8    2.4
 
Memphis Unemployment Rate (%) (3).................    4.8    4.8    4.8    4.9    4.6    4.5    4.3    3.9    4.1    4.0    4.0    4.2    4.4    5.9    5.4    4.7
 
Memphis Mfg Employment (THOU) (3).................   65.0   65.8   65.5   64.8   64.4   64.7   65.1   65.3   65.5   65.7   65.6   65.3   65.0   63.0   65.2   65.3
  % Chg Prev Month SAAR...........................   -9.3   16.3   -6.2  -11.6   -6.6    5.7    7.1    4.2    2.8    4.7   -1.9   -6.7   -4.5    2.5    3.5    0.2
  % Chg Same Month Last Yr........................    0.1    1.0    0.2    0.1   -1.4   -1.0   -1.0   -1.1   -0.5   -0.2   -0.2   -0.4    0.0    2.5    3.5    0.2
 
Memphis Taxable Sales (MIL $) (4).................    809    815    816    850    816    835    849    889    878    843    866    879    878   8281   8894   9848
  % Chg Prev Month SAAR...........................  -10.0    9.3    2.0   61.8  -38.7   31.9   22.8   72.6  -13.6  -38.2   36.6   19.7   -0.5    3.0    7.4   10.7
  % Chg Same Month Last Yr........................    8.8   10.6    8.8   13.1    3.8   11.5    8.9   14.8   15.9    8.9    5.3    7.7    8.6    3.0    7.4   10.7
 
Memphis Taxable Sales (MIL 82 $) (4)..............    548    550    550    570    546    558    567    592    583    559    572    578    577   5898   6151   6638
  % Chg Prev Month SAAR...........................  -11.5    5.0   -1.2   54.1  -40.2   29.8   20.9   68.5  -16.9  -40.1   33.4   14.1   -3.6    0.0    4.3    7.9
  % Chg Same Month Last Yr........................    6.3    7.8    5.9    9.9    0.8    8.6    6.2   11.9   12.6    5.8    2.4    4.5    5.2    0.0    4.3    7.9
 
Memphis Bankruptcies (7)..........................   1137   1157   1084   1316   1052   1100   1120   1070   1167   1129   1367   1218   1229  14235  13873  13326
  % Chg Prev Month SAAR...........................  180.9   23.9  -54.4  928.1  -93.2   69.7   24.8  -42.4  184.6  -33.1  898.9  -75.0   11.7   -2.4   -2.5   -3.9
  % Chg Same Month Last Yr........................    1.5   -1.6   -2.1   15.8   -8.9    5.0    0.0  -15.6    7.9    9.0   20.9   16.8    8.2   -2.4   -2.5   -3.9
 
Memphis Airport Passengers (THOU) (12)............  657.2  638.9  650.8  651.7  665.9  693.8  700.9  731.9  741.8  740.7  749.6  702.2  740.7 8149.5 7859.9 8028.9
  % Chg Prev Month SAAR...........................   16.9  -28.7   24.7    1.7   29.5   63.7   12.9   68.1   17.5   -1.8   15.5  -54.4   89.7   -0.2   -3.6    2.2
  % Chg Same Month Last Yr........................    2.7    1.1    1.9    3.6    2.1    7.3    3.1   15.0   10.6   11.4   14.8    8.2   12.7   -0.2   -3.6    2.2
 
Memphis Comm & Ind Elec Cons (MIL KWH) (5)........    548    578    544    518    536    535    546    563    551    597    550    570    575   6196   6299   6568
  % Chg Prev Month SAAR...........................   18.8   89.4  -51.8  -43.7   47.6   -2.3   29.9   44.6  -23.9  163.1  -62.4   54.4   10.4    6.1    1.7    4.3
  % Chg Same Month Last Yr........................    7.1   15.4   -3.8   -1.4   -0.5    3.5    3.0    4.7   -2.0    6.7    2.4    5.6    4.9    6.1    1.7    4.3
 
Initial Claims For Memphis UI (THOU) (3)..........   4.62   4.74   4.66   4.62   4.42   4.54   4.15   4.14   4.04   4.12   4.07   3.94   4.08  72.11  57.48  54.62
  % Chg Prev Month SAAR...........................   -2.5   33.4  -18.0   -9.5  -41.9   40.6  -66.4   -3.3  -24.5   27.3  -15.2  -32.5   52.1  -15.4  -20.3   -5.0
  % Chg Same Month Last Yr........................   -3.9    2.4   -0.2    0.1   -6.3   -3.4  -11.5  -13.2  -14.9  -11.4  -13.3  -15.1  -11.8  -15.4  -20.3   -5.0
 
Memphis New Incorporations (9)....................    150    154    107    149    154    150    161    169    157    143    115    122    136   2008   2038   1770
  % Chg Prev Month SAAR...........................  137.3   35.5  -98.7 5112.7   45.4  -28.0  142.8   82.3  -58.7  -67.5  -92.8  112.9  264.6    2.4    1.5  -13.2
  % Chg Same Month Last Yr........................   -9.8  -24.0  -42.2  -16.7   -3.9    1.6    3.7   15.7   -6.3   29.1  -26.6  -12.5   -9.4    2.4    1.5  -13.2
 
Help Wanted Index,Memphis (1967=100) (11).........    180    179    181    188    180    197    181    189    185    183    186    191    167    104    126    177
  % Chg Prev Month SAAR...........................  -40.7   -6.5   14.3   57.7  -40.7  195.3  -63.8   68.0  -22.6  -12.2   21.5   37.5  -80.0    4.8   21.5   40.7
  % Chg Same Month Last Yr........................   53.8   50.4   39.2   38.2   35.3   35.9   34.1   33.1   26.7   22.0   12.0    1.6   -7.2    4.8   21.5   40.7
 
Memphis Construction Potentials (6)...............     68     58     57     83     76     72     76     64     58     75     86     50    101    660    702    801
  % Chg Prev Month SAAR...........................   92.9  -83.0  -25.5 9262.7  -63.4  -51.9  101.0  -87.6  -69.9 2245.0  387.5  -99.8*******   41.7    6.4   14.1
  % Chg Same Month Last Yr........................   11.4    9.6  -13.7   53.5   19.6   37.5   11.0   -0.7   -7.4   16.5   56.0  -21.8   49.2   41.7    6.4   14.1
 
Memphis Cnstr Potentials,Val (MIL 82 $) (6).......     66     68     56     82     55     52     78     52     60     92     86     52     70    695    811    747
  % Chg Same Month Last Yr........................   24.7   40.4  -22.9   67.0  -22.0   -9.6   13.8  -68.6    8.1   46.6   40.0  -10.6    6.8   16.7   16.7   -8.0
------------------------------------------------------------------------------------------------------------------------------------------------------------------

NASHVILLE ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199405 199406 199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Nashville Economic Index (1982=100)...............  127.7  128.2  127.8  128.8  129.4  129.7  130.3  130.8  130.5  130.0  131.4  131.0  128.5  118.9  123.3  128.2
  % Chg Prev Month SAAR...........................    6.1    4.4   -3.5    9.9    5.7    2.9    5.9    4.7   -2.8   -4.7   13.7   -3.7  -20.5    2.6    3.7    4.0
  % Chg Same Month Last Yr........................    4.5    4.3    3.8    4.1    3.9    4.0    3.7    3.9    4.6    2.8    2.8    3.1    0.6    2.6    3.7    4.0
 
Nashville Nonag Employment (THOU) (3).............  565.2  567.1  570.9  575.5  575.4  582.2  587.1  586.8  586.9  588.4  592.8  592.6  588.8  516.4  541.8  570.7
  % Chg Prev Month SAAR...........................    0.5    4.0    8.5   10.0   -0.2   15.2   10.6   -0.6    0.1    3.2    9.2   -0.3   -7.5    3.2    4.9    5.3
  % Chg Same Month Last Yr........................    5.5    5.4    5.6    5.7    5.5    5.4    6.0    5.2    6.1    5.7    5.2    4.9    4.2    3.2    4.9    5.3
 
Nashville Unemployment Rate (%) (3)...............    3.3    3.5    3.2    3.3    3.0    3.0    2.9    2.7    2.8    2.6    2.8    2.9    3.1    5.0    4.2    3.3
 
Nashville Mfg Employment (THOU,NSA) (2)...........   98.5   99.2   99.1   98.9   99.3   99.7  100.0  100.7  101.2  101.0  101.0  100.7  100.7   90.9   94.2   98.7
  % Chg Prev Month SAAR...........................    7.6    8.9   -1.2   -2.4    5.0    4.9    3.7    8.7    6.1   -2.3    0.0   -3.5    0.0    4.6    3.6    4.7
  % Chg Same Month Last Yr........................    4.8    5.3    5.9    5.0    4.5    5.1    4.8    4.7    5.0    4.2    3.5    2.9    2.2    4.6    3.6    4.7
 
Nashville Taxable Sales (MIL $) (4)...............   1134   1125   1130   1175   1160   1164   1175   1195   1159   1158   1240   1219   1183  11064  12251  13598
  % Chg Prev Month SAAR...........................   20.1   -8.3    5.3   59.0  -14.5    4.8   12.2   22.5  -31.0   -1.0  127.7  -18.3  -30.2    8.3   10.7   11.0
  % Chg Same Month Last Yr........................   15.6   11.5   10.6   16.2    6.8   11.1   10.8   10.0   15.9    5.7    9.8    9.2    4.4    8.3   10.7   11.0
 
Nashville Taxable Sales (MIL 82 $) (4)............    768    760    761    788    776    778    785    796    769    767    820    803    777   7879   8473   9166
  % Chg Prev Month SAAR...........................   18.1  -12.0    2.0   51.5  -16.5    3.1   10.4   19.6  -33.7   -4.1  122.3  -22.1  -32.4    5.1    7.5    8.2
  % Chg Same Month Last Yr........................   13.0    8.7    7.7   12.9    3.7    8.2    8.0    7.3   12.7    2.8    6.8    6.0    1.2    5.1    7.5    8.2
 
Nashville Bankruptcies (7)........................    753    728    764    768    773    727    759    747    741    741    784    682    806  10882   9992   8938
  % Chg Prev Month SAAR...........................  139.9  -33.9   79.4    6.4    7.7  -52.1   69.5  -18.1   -9.7    0.6   97.4  -81.2  633.9  -11.2   -8.2  -10.5
  % Chg Same Month Last Yr........................   -9.1  -21.8   -8.7    5.9  -15.9   -4.4   -9.2   -3.5    4.2   -3.0    5.2   -2.6    6.9  -11.2   -8.2  -10.5
 
Nashville Airport Passengers (THOU) (13)..........  703.8  714.4  739.6  705.6  725.0  754.5  767.7  729.1  737.1  708.0  711.9  695.0  654.210228.6 9115.2 8705.1
  % Chg Prev Month SAAR...........................   -7.3   19.7   51.6  -43.1   38.4   61.4   23.2  -46.1   13.9  -38.4    7.0  -25.2  -51.6   16.4  -10.9   -4.5
  % Chg Same Month Last Yr........................  -11.8   -6.0    5.3    2.1   -3.8    0.6   14.9   -0.5    2.5   -1.3   -1.2   -1.9   -7.0   16.4  -10.9   -4.5
 
Nashville Comm & Ind Elec Cons (MIL KWH) (5)......    484    496    498    457    465    478    490    488    494    506    498    505    490   5199   5599   5797
  % Chg Prev Month SAAR...........................   -1.3   34.2    6.6  -64.6   24.1   38.6   33.6   -3.4   13.6   34.7  -18.0   20.3  -31.0    4.7    7.7    3.5
  % Chg Same Month Last Yr........................    2.8    8.3    4.6   -5.2   -3.1    6.5    5.3    4.4    1.3    3.0    4.2    4.4    1.3    4.7    7.7    3.5
 
Initial Claims For Nashville UI (THOU) (3)........   4.52   4.61   4.91   5.00   4.00   4.15   3.86   3.77   3.96   4.05   4.06   4.22   4.61  86.19  63.85  53.90
  % Chg Prev Month SAAR...........................    0.1   25.9  112.9   24.4  -93.2   58.0  -58.4  -24.4   79.0   31.0    1.7   62.5  185.8  -18.4  -25.9  -15.6
  % Chg Same Month Last Yr........................  -17.5  -14.6  -15.2   -9.3  -23.4  -19.3  -20.7  -25.0  -20.2  -16.5  -14.2   -6.6    1.9  -18.4  -25.9  -15.6
 
Nashville New Incorporations (9)..................    255    263    232    248    296    236    282    272    263    230    262    228    254   3297   3124   3000
  % Chg Prev Month SAAR...........................    3.6   41.7  -77.8  124.0  731.4  -93.2  745.9  -34.9  -35.4  -79.8  383.8  -80.9  259.9    9.0   -5.2   -4.0
  % Chg Same Month Last Yr........................    3.8   -4.8  -18.3   -1.0   17.6  -13.5    9.0    9.9    0.6   44.4    8.2  -10.2   -0.4    9.0   -5.2   -4.0
 
Help Wanted Index,Nashville (1967=100) (14).......    305    298    288    295    298    303    297    313    310    312    314    351    240    180    226    290
  % Chg Prev Month SAAR...........................  528.0  -23.4  -33.5   31.6   13.4   20.9  -19.5   83.3   -7.9    6.3    8.2  281.3  -99.0   13.6   25.8   28.0
  % Chg Same Month Last Yr........................   41.6   32.4   21.4   21.6   22.7   22.0   17.4   21.0   22.7   11.7    8.9   34.3  -21.3   13.6   25.8   28.0
 
Nashville Construction Potentials (6).............    104    137    125    139    141    140    137    144    163    115    168    131    133   1203   1313   1567
  % Chg Prev Month SAAR...........................  -84.7 2819.6  -66.7  255.5   10.4   -4.8  -21.0   81.5  327.9  -98.4 8577.3  -94.8   18.9    9.0    9.1   19.4
  % Chg Same Month Last Yr........................   -2.7   27.4   13.1    8.9   14.8   27.4   -3.1   14.9   45.9  -13.9   26.5    8.0   28.1    9.0    9.1   19.4
 
Nashville Cnstr Potentials,Val (MIL 82 $) (6).....     83    107    101    115    137     97    125     90    117     97    109     86     82   1120   1046   1323
  % Chg Same Month Last Yr........................   -1.2   20.3   13.2  115.9   38.7   16.4   -0.5  -14.1   16.7   -1.2   -1.9  -45.9   -1.2   29.5   -6.5   26.4
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TRI-CITIES ECONOMIC INDICATORS
SEASONALLY ADJUSTED
 
                                                   199405 199406 199407 199408 199409 199410 199411 199412 199501 199502 199503 199504 199505   1992   1993   1994
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Tri-Cities Economic Index (1982=100)..............  122.0  122.6  122.7  122.8  122.3  122.5  124.0  121.8  123.9  125.3  124.6  125.0  122.6  118.0  120.7  122.4
  % Chg Prev Month SAAR...........................   -3.1    6.7    1.0    1.0   -5.2    2.4   15.3  -18.7   22.2   14.0   -6.5    4.6  -21.1    3.1    2.3    1.5
  % Chg Same Month Last Yr........................    1.0    1.8    2.5    2.8    1.5    0.3    1.6    0.3    2.2    1.6    2.2    2.2    0.5    3.1    2.3    1.5
 
Tri-Cities Nonag Employment (THOU) (3)............  184.7  184.2  185.6  185.7  184.7  184.6  186.3  185.7  186.7  187.0  187.8  187.0  185.2  181.2  184.5  185.3
  % Chg Prev Month SAAR...........................   -6.5   -3.0    9.5    0.7   -6.1   -0.6   11.1   -3.7    7.0    2.0    5.1   -4.8  -11.0    3.3    1.8    0.5
  % Chg Same Month Last Yr........................    0.5    0.2    2.1    2.3    0.3   -1.1   -0.2   -0.7    1.2    0.8    0.6    0.7    0.3    3.3    1.8    0.5
 
Tri-Cities Unemployment Rate (%) (3)..............    5.0    5.5    5.2    5.7    5.1    5.0    4.7    4.1    4.4    4.4    4.1    4.3    4.3    6.1    5.7    5.3
 
Tri-Cities Mfg Employment (THOU,NSA) (2)..........   53.0   53.5   53.3   53.5   53.5   52.2   52.6   52.9   52.8   53.0   53.3   53.4   53.5   54.0   53.7   53.0
  % Chg Prev Month SAAR...........................    2.3   11.9   -4.4    4.6    0.0  -25.6    9.6    7.1   -2.2    4.6    7.0    2.3    2.3    0.7   -0.4   -1.3
  % Chg Same Month Last Yr........................   -2.0   -1.3   -1.1   -0.7   -0.9   -2.4   -1.3   -0.8    0.4    0.2    0.2    0.9    0.9    0.7   -0.4   -1.3
 
Tri-Cities Taxable Sales (MIL $) (4)..............    258    262    267    269    274    271    270    248    269    295    287    283    284   2839   2981   3147
  % Chg Prev Month SAAR...........................   -4.7   21.8   22.9    8.6   23.3   -9.7   -4.0  -63.7  158.8  202.6  -27.0  -17.7    3.7    7.7    5.0    5.6
  % Chg Same Month Last Yr........................    1.9    4.4    6.8    8.4    8.4    9.7    7.1   -1.3   11.6   15.6    5.9    9.1    9.8    7.7    5.0    5.6
 
Tri-Cities Taxable Sales (MIL 82 $) (4)...........    175    177    180    180    183    181    180    166    179    195    190    186    186   2022   2062   2121
  % Chg Prev Month SAAR...........................   -6.2   17.0   19.0    3.5   20.4  -11.1   -5.5  -64.5  148.7  193.1  -28.7  -21.5    0.4    4.5    2.0    2.9
  % Chg Same Month Last Yr........................   -0.4    1.7    4.0    5.3    5.2    6.9    4.4   -3.8    8.5   12.4    3.0    5.8    6.5    4.5    2.0    2.9
 
Tri-Cities Bankruptcies (7).......................    436    406    440    459    462    416    333    489    414    376    431    390    490   5925   5220   5003
  % Chg Prev Month SAAR...........................  138.8  -58.0  167.0   65.4    7.0  -71.0  -93.1 9833.0  -86.4  -68.3  410.9  -69.4 1452.7   -8.0  -11.9   -4.2
  % Chg Same Month Last Yr........................   -1.5   -8.5    1.0    5.9    3.1   24.0  -19.2   19.7    7.9   24.1   -8.3   -3.8   12.5   -8.0  -11.9   -4.2
 
Tri-Cities Airport Passengers (THOU) (15).........   37.5   35.9   34.2   34.6   35.8   35.9   37.1   36.8   37.6   37.4   39.3   37.3   37.2  469.5  446.8  436.8
  % Chg Prev Month SAAR...........................    9.4  -40.8  -44.2   15.0   50.5    4.2   48.7   -9.5   28.7   -4.2   77.3  -46.5   -2.7   10.3   -4.8   -2.2
  % Chg Same Month Last Yr........................    4.2   -2.0   -7.7   -4.9   -9.4   -4.6   -2.0   -1.6    2.1    0.1    4.0    0.2   -0.8   10.3   -4.8   -2.2
 
Tri-Cities Comm & Ind Elec Cons (MIL KWH) (5).....     58     58     59     59     56     54     52     52     56     61     54     62     56    595    646    673
  % Chg Prev Month SAAR...........................   20.5    4.4   20.9    5.4  -53.1  -37.6  -23.3  -10.9  173.2  141.5  -76.7  470.0  -70.8   10.5    8.5    4.2
  % Chg Same Month Last Yr........................    7.3    5.7   11.1    6.1    2.5   -3.2   -9.3    2.0   -2.6    3.9    4.0    9.0   -3.2   10.5    8.5    4.2
 
Initial Claims For Tri-Cities UI (THOU) (3).......   2.67   2.59   2.50   2.64   2.64   2.47   2.37   2.23   2.13   2.19   1.98   2.02   2.22  32.26  30.45  31.24
  % Chg Prev Month SAAR...........................  -28.1  -31.0  -32.1   91.1   -1.2  -56.2  -37.9  -52.5  -39.9   39.9  -70.3   22.5  219.1  -10.3   -5.6    2.6
  % Chg Same Month Last Yr........................   18.0   -1.7   -6.1  -13.5   -5.3  -10.4  -14.5  -16.9  -22.4  -19.5  -32.0  -26.4  -16.7  -10.3   -5.6    2.6
 
Tri-Cities New Incorporations (9).................     32     31     27     29     26     30     31     32     35     39     28     30     40    456    440    375
  % Chg Prev Month SAAR...........................  -97.9  -25.3  -86.4  168.3  -71.5  557.7   34.7   22.2  186.9  277.1  -97.7  150.8 2190.0    3.9   -3.4  -14.9
  % Chg Same Month Last Yr........................  -13.1    4.9  -28.0  -21.1  -53.1   -3.9   -1.1    1.4   -0.5   58.5  -15.9  -31.3   23.1    3.9   -3.4  -14.9
 
Tri-Cities Construction Potentials (6)............     22     22     24     35     15     19     17     19     16     26     25     32     33    233    265    245
  % Chg Prev Month SAAR...........................  341.7    7.6  144.410058.3 -100.0 2013.0  -81.0  340.6  -89.037411.0  -32.3 1880.1   56.7  -14.2   14.1   -7.8
  % Chg Same Month Last Yr........................   38.1   -7.0    1.7   79.2  -22.6   -7.9  -36.7  -28.0   96.9   29.1   -6.9   64.3   50.7  -14.2   14.1   -7.8
 
Tri-Cities Cnstr Potentials,Val (MIL 82 $,NSA) (6)     15     15     18     21     17     18     14     11     10     15     23     12     26    258    241    205
  % Chg Same Month Last Yr........................   12.2  -63.4    7.1   66.2  -52.3    2.2  -46.5  -28.5   10.0  -26.2    4.8  -50.9   75.1    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, May 1995 
Tennessee Economic Overview, Most Current
CBER Home Page

Last updated October 9, 1995
Vickie Cunningham, vcunningham@utk.edu