Tennessee Economic Indicator Tables, March 1996
CONTENTS
Tennessee Economic Indicators
U.S. Economic Indicators
Chattanooga Economic Indicators
Knoxville Economic Indicators
Memphis Economic Indicators
Nashville Economic Indicators
Tri-Cities Economic Indicators
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
199503 199504 199505 199506 199507 199508 199509 199510 199511 199512 199601 199602 199603 1993 1994 1995
-------------------------------------------------------------------------------------------------------------------------------------------------------------
TN Coincident Composite Index (1982=100)..... 147.6 147.3 146.0 147.6 146.9 147.8 148.9 148.3 148.9 149.0 149.1 150.1 150.7 135.2 143.6 147.9
% Chg Prev Month SAAR...................... -3.61 -2.04 -10.02 13.52 -5.46 7.79 9.24 -4.83 4.56 1.25 0.51 8.87 4.79 4.27 6.20 2.96
% Chg Same Month Last Yr................... 4.33 3.37 2.16 2.67 1.96 2.54 3.04 1.60 1.55 1.36 0.89 1.41 2.12 4.27 6.20 2.96
TN Leading Composite Index (1982=100)........ 116.2 115.6 115.1 115.4 115.1 115.9 115.2 114.5 114.7 115.1 115.1 115.3 115.5 112.7 115.4 115.4
% Chg Prev Month SAAR...................... 1.18 -5.78 -4.52 2.67 -2.88 7.93 -6.50 -6.97 2.25 3.88 0.35 2.35 1.67 1.38 2.40 0.02
% Chg Same Month Last Yr................... 0.44 0.62 0.09 -0.34 -0.11 -0.16 -0.75 -1.14 -1.39 -1.12 -0.96 -0.61 -0.57 1.38 2.40 0.02
TN Nonag Employment (THOU) (2)............... 2488.7 2481.7 2489.5 2495.8 2497.0 2502.1 2522.4 2527.1 2535.6 2546.6 2543.1 2546.5 2574.8 2328.4 2422.9 2503.1
% Chg Prev Month SAAR...................... 5.20 -3.32 3.84 3.08 0.58 2.48 10.18 2.26 4.11 5.33 -1.64 1.62 14.18 3.72 4.06 3.31
% Chg Same Month Last Yr................... 3.87 3.31 3.03 3.10 3.11 2.97 3.17 3.48 2.35 3.15 2.86 2.76 3.46 3.72 4.06 3.31
TN Unemployment Rate (%) (2)................. 4.7 4.9 5.1 5.2 5.6 5.4 5.4 5.5 5.5 5.6 5.6 5.4 5.1 5.8 4.8 5.2
TN Mfg Employment (THOU) (2)................. 547.1 543.7 544.3 542.8 540.2 541.0 540.4 539.3 538.8 537.3 535.8 535.6 534.6 528.5 539.0 542.5
% Chg Prev Month SAAR...................... 0.22 -7.21 1.33 -3.26 -5.60 1.79 -1.32 -2.42 -1.11 -3.29 -3.30 -0.45 -2.22 2.72 1.99 0.65
% Chg Same Month Last Yr................... 2.15 1.34 1.34 0.65 0.09 0.00 -0.28 -0.22 -0.79 -1.39 -2.15 -2.08 -2.28 2.72 1.99 0.65
TN Mfg Avg Weekly Hours (3).................. 41.0 40.0 40.5 39.9 40.0 40.0 40.4 40.5 40.4 40.7 38.5 40.5 40.4 40.8 40.9 40.4
% Chg Prev Month SAAR...................... 7.66 -26.26 14.81 -14.65 0.42 1.24 12.54 3.16 -3.39 9.30 -48.20 80.72 -1.11 1.04 0.43 -1.20
% Chg Same Month Last Yr................... -0.50 -3.45 -1.24 -2.16 -2.23 -1.59 -1.20 -1.59 -1.45 -0.50 -6.36 -0.80 -1.50 1.04 0.43 -1.20
TN Taxable Sales (MIL $) (4)................. 5011 4992 4979 5011 4921 5051 5030 4895 4973 5113 5137 5107 5258 50641 55324 59646
% Chg Prev Month SAAR...................... 65.08 -4.50 -3.27 8.21 -19.62 36.84 -4.87 -27.88 20.86 39.43 5.78 -6.75 41.93 7.83 9.25 7.81
% Chg Same Month Last Yr................... 7.17 10.68 8.22 9.23 6.24 7.11 8.22 3.99 4.14 5.37 5.64 6.25 4.92 7.83 9.25 7.81
TN Taxable Sales (MIL 82 $) (4).............. 3312 3289 3271 3284 3223 3302 3283 3185 3233 3318 3320 3295 3379 35027 37292 39114
% Chg Prev Month SAAR...................... 59.92 -8.20 -6.27 4.86 -20.25 33.66 -6.35 -30.64 19.92 36.20 0.96 -8.89 35.50 4.72 6.47 4.88
% Chg Same Month Last Yr................... 4.20 7.40 4.95 6.01 3.38 4.38 5.53 1.15 1.50 2.70 2.84 3.44 2.02 4.72 6.47 4.88
TN Comm & Ind Elect Consumption (MIL KWH) (5) 2956 3033 2970 3022 2967 3053 3103 3007 3070 2961 3156 3128 3096 33413 34915 36172
% Chg Prev Month SAAR...................... -18.97 36.04 -22.25 23.28 -19.85 41.18 21.51 -31.48 28.31 -35.35 115.19 -10.03 -11.62 7.11 4.50 3.60
% Chg Same Month Last Yr................... 3.96 4.35 2.83 3.17 0.27 6.42 7.70 1.91 3.30 2.19 4.40 3.99 4.74 7.11 4.50 3.60
Initial Claims For TN UI (THOU) (3).......... 32.8 28.1 41.6 37.4 40.2 38.2 40.1 50.5 46.1 34.5 40.5 46.6 46.8 427.3 403.9 454.7
% Chg Prev Month SAAR...................... 50.0 -84.410743.2 -71.3 132.5 -44.6 78.6 1458.0 -66.4 -96.9 581.9 442.1 4.3 -12.3 -5.5 12.6
% Chg Same Month Last Yr................... -7.22 -20.94 18.85 13.15 17.22 10.77 35.52 64.81 65.97 19.02 21.34 46.96 42.58 -12.35 -5.48 12.58
Continued Weeks Claimed For TN UI (THOU) (3). 146.8 155.7 175.7 164.7 216.1 186.4 187.4 211.9 198.3 185.6 212.7 209.4 196.7 2238.1 2141.7 2159.9
% Chg Prev Month SAAR...................... -71.7 102.7 326.3 -54.2 2510.3 -83.1 7.1 335.5 -54.7 -54.9 413.4 -17.3 -52.6 -18.5 -4.3 0.8
% Chg Same Month Last Yr................... -22.69 -13.15 -6.16 -6.61 23.23 -5.30 12.83 19.77 23.67 20.05 26.47 28.34 33.99 -18.51 -4.31 0.85
Total TN Construction Potentials (6)......... 584 508 551 526 533 531 528 545 563 512 536 565 504 5309 6024 6411
% Chg Prev Month SAAR...................... 709.1 -81.3 163.2 -42.1 15.2 -2.8 -7.2 44.7 49.8 -68.3 75.2 86.6 -74.5 7.8 13.4 6.4
% Chg Same Month Last Yr................... 9.27 10.57 30.56 -10.27 13.32 -3.34 1.64 4.86 7.58 0.87 -0.21 15.08 -13.73 7.79 13.45 6.43
TN Constrc Potentials,Val (MIL 82 $,NSA) (6). 447 306 430 410 440 486 438 417 368 356 355 315 418 3789 4301 4706
% Chg Same Month Last Yr................... 4.35 -22.59 36.80 -15.84 32.67 1.47 7.71 25.03 20.47 27.77 16.59 3.84 -6.63 1.30 13.52 9.41
NOTES
U.S. ECONOMIC INDICATORS
SEASONALLY ADJUSTED
199503 199504 199505 199506 199507 199508 199509 199510 199511 199512 199601 199602 199603 1993 1994 1995
-------------------------------------------------------------------------------------------------------------------------------------------------------------
US Personal Income (BIL 82 $) (1)............ 3976.1 3988.1 3972.5 3987.9 4009.9 4003.9 4019.5 4026.0 4036.0 4053.5 4040.2 4063.0 4065.6 3790.0 3876.4 4001.2
% Chg Prev Month SAAR...................... 1.27 3.66 -4.58 4.73 6.83 -1.79 4.80 1.94 3.02 5.33 -3.86 6.97 0.79 1.10 2.28 3.22
% Chg Same Month Last Yr................... 3.94 2.76 1.95 2.52 3.13 2.95 3.04 2.41 2.85 2.81 1.80 2.29 2.25 1.10 2.28 3.22
US CPI,All Urban Consumers (1982-84=100)..... 151.3 151.8 152.2 152.6 152.7 153.0 153.2 153.7 153.8 154.1 154.7 155.0 155.6 144.6 148.3 152.5
% Chg Prev Month SAAR...................... 3.23 4.04 3.21 3.20 0.79 2.38 1.58 3.99 0.78 2.37 4.77 2.35 4.75 2.96 2.61 2.81
% Chg Same Month Last Yr................... 2.86 3.05 3.12 3.04 2.76 2.62 2.54 2.81 2.60 2.60 2.72 2.72 2.84 2.96 2.61 2.81
US Nonag Employment (MIL).................... 116.3 116.3 116.2 116.5 116.6 116.8 116.9 117.0 117.2 117.4 117.2 117.8 118.0 110.7 114.0 116.6
% Chg Prev Month SAAR...................... 1.87 0.08 -0.64 3.13 0.29 2.74 0.97 0.70 2.20 1.49 -1.48 6.65 1.83 1.96 2.98 2.26
% Chg Same Month Last Yr................... 2.84 2.60 2.30 2.29 2.11 2.03 1.89 1.80 1.55 1.50 1.21 1.48 1.48 1.96 2.98 2.26
US Unemployment Rate (%)..................... 5.5 5.7 5.6 5.6 5.7 5.6 5.6 5.5 5.6 5.6 5.8 5.5 5.6 6.9 6.1 5.6
Bank Prime Interest Rate (%)................. 9.0 9.0 9.0 9.0 8.8 8.8 8.8 8.8 8.8 8.6 8.5 8.3 8.3 6.0 7.1 8.8
US Coincident Composite Index (1982=100)..... 117.4 117.1 117.0 117.5 117.4 118.0 118.3 118.3 118.6 119.0 118.6 119.5 119.6 109.7 114.2 117.7
% Chg Prev Month SAAR...................... 1.03 -3.02 -1.02 5.25 -1.02 6.31 3.09 0.00 3.09 4.12 -3.96 9.50 1.01 2.60 4.13 3.09
% Chg Same Month Last Yr................... 3.80 3.35 2.90 3.07 2.98 2.79 2.87 2.25 2.15 1.88 1.37 1.88 1.87 2.60 4.13 3.09
US Leading Composite Index (1982=100)........ 101.9 101.3 101.1 101.3 101.1 101.2 101.1 100.7 100.6 100.8 100.2 101.5 101.7 98.9 101.8 101.3
% Chg Prev Month SAAR...................... -5.70 -6.84 -2.34 2.40 -2.34 1.19 -1.18 -4.65 -1.19 2.41 -6.91 16.73 2.39 0.71 2.91 -0.43
% Chg Same Month Last Yr................... 0.49 0.00 -0.39 -0.59 -0.69 -1.17 -1.37 -1.56 -1.76 -1.75 -2.34 -0.88 -0.20 0.71 2.91 -0.43
US Mfg Employment (MIL)...................... 18.5 18.5 18.5 18.4 18.4 18.4 18.3 18.3 18.3 18.3 18.2 18.3 18.2 18.1 18.3 18.4
% Chg Prev Month SAAR...................... 0.13 -1.22 -3.19 -1.81 -4.78 0.26 -2.26 -1.37 -1.89 2.32 -4.62 1.99 -3.93 -0.16 1.26 0.55
% Chg Same Month Last Yr................... 1.70 1.44 1.09 0.72 0.31 0.06 -0.18 -0.53 -0.91 -0.89 -1.44 -1.39 -1.73 -0.16 1.26 0.55
Initial Claims for U.S. UI (THOU)............ 1507.1 1459.4 1636.0 1587.4 1590.3 1575.4 1569.3 1664.8 1679.0 1500.3 1656.9 1661.0 1578.8 1481.9 1474.8 1554.0
% Chg Prev Month SAAR...................... 72.57 -31.99 293.77 -30.40 2.25 -10.68 -4.52 103.08 10.78 -74.09 228.97 3.02 -45.60 -16.31 -0.48 5.37
% Chg Same Month Last Yr................... 0.04 -0.73 8.62 7.15 9.90 3.88 5.48 16.82 14.93 6.50 15.20 15.34 4.76 -16.31 -0.48 5.37
US Retail Sales (BIL $)...................... 192.6 192.3 194.7 196.1 195.5 196.7 196.6 196.2 197.9 199.1 199.1 203.4 204.5 172.7 185.6 195.2
% Chg Prev Month SAAR...................... 10.11 -1.47 16.00 8.64 -3.70 7.96 -0.44 -2.72 11.05 7.46 0.15 28.94 6.69 6.58 7.49 5.12
% Chg Same Month Last Yr................... 4.57 4.87 6.47 6.22 5.77 4.97 4.43 2.81 3.62 4.23 3.12 6.47 6.19 6.58 7.49 5.12
US Consumer Sentiment (196601=100)........... 90.3 92.5 89.8 92.7 94.4 96.2 88.9 90.2 88.2 91.0 89.3 88.5 93.7 82.8 92.3 92.2
% Chg Prev Month SAAR...................... -46.29 33.49 -29.92 46.43 24.37 25.44 -61.21 19.03 -23.59 45.50 -20.25 -10.24 98.41 7.17 11.44 -0.03
% Chg Same Month Last Yr................... -1.31 -0.11 -3.23 1.64 6.07 4.91 -2.84 -2.70 -3.71 -4.31 -8.50 -6.94 3.77 7.17 11.44 -0.03
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92/III 92/IV 93/I 93/II 93/III 93/IV 94/I 94/II 94/III 94/IV 95/I 95/II 95/III 1992 1993 1994
-------------------------------------------------------------------------------------------------------------------------------------------------------------
US GDP (BIL 87 $) (1)........................ 4990.5 5060.7 5075.3 5105.4 5139.4 5218.0 5261.1 5314.1 5367.0 5433.8 5470.1 5487.8 5544.6 4979.3 5134.5 5344.0
% Chg Prev Qtr SAAR........................ 3.52 5.75 1.16 2.39 2.69 6.26 3.34 4.09 4.04 5.07 2.70 1.30 4.20 2.29 3.12 4.08
% Chg Same Qtr Last Yr..................... 2.27 3.69 3.19 3.19 2.98 3.11 3.66 4.09 4.43 4.14 3.97 3.27 3.31 2.29 3.12 4.08
US Personal Income (Bil 87 $) (1)............ 4161.8 4271.4 4181.0 4244.1 4255.4 4301.6 4343.9 4390.9 4414.5 4487.8 4544.2 5594.1 5636.2 4174.0 4245.5 4409.3
% Chg Prev Qtr SAAR........................ 2.01 10.96 -8.20 6.17 1.08 4.41 3.98 4.40 2.17 6.81 5.12 129.67 3.04 2.82 1.71 3.86
% Chg Same Qtr Last Yr..................... 2.65 4.83 1.44 2.49 2.25 0.71 3.90 3.46 3.74 4.33 4.61 27.40 27.67 2.82 1.71 3.86
NOTES
CHATTANOOGA ECONOMIC INDICATORS
SEASONALLY ADJUSTED
199503 199504 199505 199506 199507 199508 199509 199510 199511 199512 199601 199602 199603 1993 1994 1995
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Chattanooga Economic Index (1982=100)............. 121.0 120.8 119.7 119.4 119.1 119.3 119.0 118.8 118.5 117.9 118.2 118.5 118.7 118.6 119.8 119.6
% Chg Prev Month SAAR........................... 3.0 -1.4 -10.2 -3.4 -2.6 2.2 -3.2 -2.2 -3.3 -5.7 3.4 2.6 2.5 3.1 1.1 -0.2
% Chg Same Month Last Yr........................ 0.6 1.0 0.0 -0.5 -0.8 -0.5 -1.2 -1.4 -2.1 -1.9 -2.4 -1.8 -1.9 3.1 1.1 -0.2
Chattanooga Nonag Employment (THOU) (3)........... 216.8 215.1 214.4 213.8 215.3 217.4 214.6 217.3 217.0 216.7 217.4 217.3 219.0 209.4 214.4 215.7
% Chg Prev Month SAAR........................... 8.7 -9.2 -3.4 -3.7 8.8 12.8 -14.5 16.1 -1.7 -1.6 4.2 -0.9 9.8 3.7 2.4 0.6
% Chg Same Month Last Yr........................ 1.4 0.8 0.6 -0.1 0.7 0.7 -0.3 0.9 0.0 0.6 1.4 0.9 1.0 3.7 2.4 0.6
Chattanooga Unemployment Rate (%) (3)............. 4.3 4.5 4.7 4.8 5.1 4.9 5.0 4.9 5.8 5.4 5.1 5.1 4.8 5.1 4.5 4.8
Chattanooga Mfg Employment (THOU) (3)............. 46.1 45.8 45.5 45.0 44.7 44.7 44.6 45.1 44.7 44.8 45.5 45.3 44.9 45.0 45.8 45.3
% Chg Prev Month SAAR........................... -5.4 -8.3 -5.7 -13.6 -6.5 -0.5 -2.3 13.8 -10.5 1.7 20.5 -4.4 -8.8 3.4 1.8 -1.1
% Chg Same Month Last Yr........................ 0.7 -0.2 -0.7 -1.3 -2.2 -1.9 -2.1 -1.8 -2.4 -3.0 -1.5 -2.2 -2.5 3.4 1.8 -1.1
Chattanooga Taxable Sales (MIL $) (4)............. 326 335 333 334 327 334 330 321 336 327 340 328 330 3507 3718 3930
% Chg Prev Month SAAR........................... 128.6 39.1 -6.2 4.1 -22.9 28.3 -13.9 -27.3 70.1 -26.3 57.1 -34.8 6.4 7.2 6.0 5.7
% Chg Same Month Last Yr........................ 5.9 9.1 7.9 6.9 6.2 9.0 3.2 2.2 6.4 1.5 5.9 7.8 1.1 7.2 6.0 5.7
Chattanooga Taxable Sales (MIL 82 $) (4).......... 215 221 219 219 214 218 215 209 218 212 220 212 212 2426 2506 2577
% Chg Prev Month SAAR........................... 121.4 33.7 -9.1 0.9 -23.5 25.3 -15.3 -30.1 68.8 -28.0 49.9 -36.3 1.5 4.1 3.3 2.8
% Chg Same Month Last Yr........................ 2.9 5.9 4.7 3.8 3.3 6.2 0.6 -0.6 3.7 -1.0 3.1 4.9 -1.7 4.1 3.3 2.8
Chattanooga Bankruptcies (7)...................... 427 407 454 470 441 535 492 509 501 514 552 520 513 4760 4630 5520
% Chg Prev Month SAAR........................... 289.0 -44.0 268.4 50.0 -52.5 898.2 -63.0 50.8 -18.7 36.7 138.0 -51.4 -14.7 -15.7 -2.7 19.2
% Chg Same Month Last Yr........................ 9.2 1.3 18.0 20.1 27.8 39.4 25.6 45.1 29.8 28.5 42.7 36.3 20.1 -15.7 -2.7 19.2
Chattanooga Airport Passengers (THOU) (8)......... 47.7 46.3 46.1 44.3 45.4 45.3 44.9 44.3 44.3 38.3 39.7 37.9 38.2 618.2 579.3 542.5
% Chg Prev Month SAAR........................... 0.9 -30.3 -4.2 -38.0 33.4 -2.8 -10.2 -14.9 -0.1 -82.2 53.8 -43.0 10.5 3.6 -6.3 -6.4
% Chg Same Month Last Yr........................ -6.8 -4.5 -7.7 -8.1 -5.1 -1.0 -4.9 -4.2 -7.0 -18.1 -17.5 -20.4 -19.8 3.6 -6.3 -6.4
Chattanooga Comm & Ind Elec Cons (MIL KWH) (5).... 256 267 253 263 255 256 263 253 259 261 262 274 260 3024 2962 3124
% Chg Prev Month SAAR........................... -24.7 65.9 -47.0 53.0 -28.3 3.5 38.0 -37.6 33.8 11.1 2.5 72.8 -48.1 6.7 -2.1 5.5
% Chg Same Month Last Yr........................ 1.9 5.3 -0.8 2.4 -2.2 4.0 2.7 0.2 0.9 11.1 -4.2 4.5 1.3 6.7 -2.1 5.5
Initial Claims For Chattanooga UI (THOU) (3)...... 1.46 1.50 1.57 1.71 2.01 1.93 1.91 1.83 2.46 2.22 2.20 2.03 1.90 19.59 20.59 21.67
% Chg Prev Month SAAR........................... -40.7 46.0 71.7 174.6 599.2 -38.3 -11.6 -42.6 3546.8 -71.8 -10.1 -61.1 -55.6 -21.7 5.1 5.3
% Chg Same Month Last Yr........................ -16.0 -13.0 -16.4 -5.9 9.1 11.4 12.9 11.4 57.4 45.0 43.1 33.5 30.4 -21.7 5.1 5.3
Chattanooga New Incorporations (9)................ 46 48 53 57 46 45 50 51 44 55 62 58 51 751 664 603
% Chg Prev Month SAAR........................... -76.6 74.9 243.0 123.8 -92.8 -24.8 341.7 30.2 -86.4 1679.4 299.0 -58.6 -79.6 -1.8 -11.5 -9.2
% Chg Same Month Last Yr........................ -22.1 -24.6 -3.0 0.0 -15.1 -24.4 -8.5 -24.2 -25.2 6.3 8.4 12.0 10.7 -1.8 -11.5 -9.2
Chattanooga Construction Potentials (6)........... 43 49 45 39 36 45 22 54 35 18 34 35 34 377 427 447
% Chg Prev Month SAAR........................... 4779.2 391.2 -64.8 -85.3 -48.5 1242.0 -100.0******* -99.4 -100.0******* 34.5 -28.5 21.9 13.0 4.8
% Chg Same Month Last Yr........................ 16.6 88.5 83.0 -7.1 12.7 18.3 -31.8 26.5 -15.7 -54.6 18.1 12.9 -20.6 21.9 13.0 4.8
Chattanooga Cnstr Potentials,Val (MIL 82$,NSA) (6) 18 15 33 21 17 27 15 21 22 11 15 19 23 208 236 235
% Chg Same Month Last Yr........................ -10.5 -28.6 42.0 -2.1 -15.1 -10.3 -0.7 46.3 -0.8 -53.5 -12.0 3.7 29.5 6.8 13.2 -0.4
NOTES
KNOXVILLE ECONOMIC INDICATORS
SEASONALLY ADJUSTED
199503 199504 199505 199506 199507 199508 199509 199510 199511 199512 199601 199602 199603 1993 1994 1995
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Knoxville Economic Index (1982=100)............... 125.1 124.7 124.3 124.2 123.9 124.5 124.0 122.7 122.7 122.9 122.3 121.3 123.2 119.9 123.1 124.0
% Chg Prev Month SAAR........................... 9.7 -4.4 -3.2 -0.6 -3.1 5.5 -4.5 -12.0 -0.3 2.3 -5.9 -9.5 21.5 3.2 2.7 0.8
% Chg Same Month Last Yr........................ 2.7 2.1 1.5 1.2 0.8 0.9 0.7 -1.2 -2.7 -1.3 -2.2 -2.3 -1.5 3.2 2.7 0.8
Knoxville Nonag Employment (THOU) (3)............. 310.7 311.0 311.2 312.5 314.4 314.6 313.1 314.1 313.8 312.8 313.9 312.2 314.3 296.7 304.1 312.2
% Chg Prev Month SAAR........................... 4.4 1.1 1.0 5.0 7.7 0.6 -5.5 4.0 -1.2 -3.7 4.2 -6.3 8.5 3.8 2.5 2.7
% Chg Same Month Last Yr........................ 3.6 3.0 3.4 3.8 3.6 2.9 2.3 1.6 0.3 0.6 1.7 0.9 1.2 3.8 2.5 2.7
Knoxville Unemployment Rate (%) (3)............... 4.0 4.5 4.2 4.3 4.5 4.5 4.4 4.5 4.5 4.5 4.4 4.6 4.3 4.7 4.0 4.3
Knoxville Mfg Employment (THOU,NSA) (2)........... 50.0 49.5 49.6 49.7 49.3 49.0 49.1 49.2 49.4 49.7 49.2 49.3 49.3 50.6 50.1 49.5
% Chg Prev Month SAAR........................... 7.5 -11.4 2.5 2.4 -9.2 -7.1 2.5 2.5 5.0 7.5 -11.4 2.5 0.0 1.8 -1.1 -1.1
% Chg Same Month Last Yr........................ 0.6 -0.4 -1.2 -1.2 -1.8 -2.8 -2.8 -1.8 -1.6 -1.4 -1.0 -0.8 -1.4 1.8 -1.1 -1.1
Knoxville Taxable Sales (MIL $) (4)............... 713 717 727 733 719 784 734 676 732 736 731 702 761 7357 7981 8678
% Chg Prev Month SAAR........................... 24.7 6.1 18.5 9.8 -20.2 181.9 -54.5 -63.0 159.0 7.8 -8.0 -38.6 162.4 8.1 8.5 8.7
% Chg Same Month Last Yr........................ 9.1 10.5 9.0 11.2 6.9 15.4 10.3 1.2 5.4 5.5 3.4 0.2 6.6 8.1 8.5 8.7
Knoxville Taxable Sales (MIL 82 $) (4)............ 471 472 478 480 471 512 479 440 476 478 473 453 489 5089 5380 5691
% Chg Prev Month SAAR........................... 20.8 2.0 14.8 6.4 -20.9 175.3 -55.2 -64.4 156.9 5.3 -12.2 -40.0 150.6 5.0 5.7 5.8
% Chg Same Month Last Yr........................ 6.0 7.2 5.7 7.9 4.1 12.4 7.5 -1.5 2.7 2.8 0.7 -2.4 3.7 5.0 5.7 5.8
Knoxville Bankruptcies (7)........................ 428 408 482 458 479 519 495 532 513 562 611 606 618 5215 4988 5679
% Chg Prev Month SAAR........................... 225.0 -43.5 621.1 -45.0 70.7 163.7 -43.8 135.1 -34.0 192.9 174.4 -9.1 25.3 -12.0 -4.4 13.9
% Chg Same Month Last Yr........................ -8.8 -2.9 12.0 11.2 10.2 18.6 10.8 26.2 50.0 17.3 47.5 56.1 44.2 -12.0 -4.4 13.9
Knoxville Airport Passengers (THOU) (10).......... 117.0 110.4 113.9 112.3 109.0 111.7 107.3 112.0 115.2 114.0 120.2 119.6 118.5 1311.0 1305.9 1347.3
% Chg Prev Month SAAR........................... 58.3 -50.4 46.0 -16.0 -29.7 33.7 -38.6 67.9 40.5 -11.6 87.8 -5.8 -10.3 4.5 -0.4 3.2
% Chg Same Month Last Yr........................ 5.9 0.0 5.5 3.5 0.6 4.9 -3.2 4.1 4.2 4.3 7.5 6.2 1.3 4.5 -0.4 3.2
Knoxville Comm & Ind Elec Cons (MIL KWH) (5)...... 193 189 194 195 196 200 195 196 197 201 200 203 200 2191 2262 2341
% Chg Prev Month SAAR........................... 11.6 -21.4 32.7 6.6 5.2 29.7 -25.2 6.7 5.3 23.0 -2.2 14.7 -17.1 8.3 3.2 3.5
% Chg Same Month Last Yr........................ 1.9 -0.9 4.9 2.8 5.0 7.0 5.4 3.0 4.2 8.2 4.7 5.8 3.2 8.3 3.2 3.5
Initial Claims For Knoxville UI (THOU) (3)........ 3.32 4.02 3.37 3.82 4.67 4.00 3.86 4.27 4.48 4.38 4.41 4.44 4.19 47.27 46.77 47.56
% Chg Prev Month SAAR........................... -73.6 913.3 -87.9 345.3 1027.7 -84.5 -35.0 234.0 77.2 -22.8 8.9 8.6 -49.9 -6.8 -1.1 1.7
% Chg Same Month Last Yr........................ -18.7 1.7 -15.1 -5.0 14.3 2.3 2.7 17.0 28.3 22.8 20.3 19.9 26.5 -6.8 -1.1 1.7
Knoxville New Incorporations (9).................. 150 124 125 124 137 122 120 128 120 107 119 105 143 1649 1501 1515
% Chg Prev Month SAAR........................... 261.7 -89.3 6.1 -11.1 252.3 -75.2 -18.8 109.6 -51.8 -75.7 261.5 -78.4 4029.4 9.2 -9.0 1.0
% Chg Same Month Last Yr........................ 26.1 -4.4 -7.0 -12.0 22.8 -2.1 -5.7 -10.2 2.3 -20.2 -4.8 -22.1 -4.6 9.2 -9.0 1.0
Help Wanted Index,Knoxville (1987=100) (11)....... 172 176 166 163 179 163 165 163 146 159 148 131 162 134 162 166
% Chg Prev Month SAAR........................... 377.1 31.8 -50.4 -19.7 207.6 -67.5 15.8 -13.6 -73.3 178.3 -57.7 -76.9 1179.2 25.2 21.2 2.4
% Chg Same Month Last Yr........................ 11.7 17.3 3.8 -1.2 5.3 -0.6 5.8 -4.7 -18.0 -8.6 -20.0 -13.2 -5.8 25.2 21.2 2.4
Knoxville Construction Potentials (6)............. 68 56 76 51 78 67 55 64 70 58 63 72 55 576 629 764
% Chg Prev Month SAAR........................... 543.8 -90.0 4132.2 -99.317801.8 -85.4 -89.1 453.1 194.1 -89.6 148.8 442.7 -96.1 12.6 9.1 21.6
% Chg Same Month Last Yr........................ 5.2 12.2 100.6 -11.2 95.0 -8.5 1.0 19.6 43.2 -4.0 -0.3 24.0 -19.0 12.6 9.1 21.6
Knoxville Cnstr Potentials,Val (MIL 82 $) (6)..... 76 43 47 36 54 43 43 36 40 39 39 51 41 427 531 535
% Chg Same Month Last Yr........................ 54.6 6.3 5.6 -17.0 65.8 -14.8 -5.1 -30.0 -14.7 -8.2 -19.1 68.2 -45.9 -5.6 24.2 0.8
NOTES
MEMPHIS ECONOMIC INDICATORS
SEASONALLY ADJUSTED
199503 199504 199505 199506 199507 199508 199509 199510 199511 199512 199601 199602 199603 1993 1994 1995
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Memphis Economic Index (1982=100)................. 138.7 137.3 135.6 135.9 135.8 135.9 136.4 136.5 136.8 137.8 138.2 138.5 139.6 128.5 133.4 137.0
% Chg Prev Month SAAR........................... -0.4 -11.3 -13.8 2.7 -0.9 0.8 4.2 0.9 3.1 9.2 3.7 2.4 9.9 3.2 3.8 2.7
% Chg Same Month Last Yr........................ 6.8 3.2 2.1 1.5 2.0 0.6 0.7 0.1 -1.1 -0.5 0.0 -0.2 0.7 3.2 3.8 2.7
Memphis Nonag Employment (THOU) (3)............... 539.0 531.1 524.2 523.8 525.7 528.9 527.9 533.7 536.8 540.9 547.9 549.0 551.8 491.8 504.8 531.7
% Chg Prev Month SAAR........................... 6.2 -16.3 -14.5 -1.0 4.6 7.4 -2.2 13.9 7.3 9.5 16.7 2.5 6.2 1.8 2.6 5.3
% Chg Same Month Last Yr........................ 12.5 5.1 4.4 3.6 3.8 2.9 2.6 2.6 1.4 1.9 3.0 2.4 2.4 1.8 2.6 5.3
Memphis Unemployment Rate (%) (3)................. 4.7 4.8 4.9 5.2 4.9 5.2 5.2 5.1 5.1 4.9 4.5 4.6 4.4 5.4 4.7 4.9
Memphis Mfg Employment (THOU) (3)................. 65.9 65.2 65.6 64.7 64.6 64.2 64.4 64.9 64.5 64.6 65.5 64.8 63.7 65.2 65.4 65.0
% Chg Prev Month SAAR........................... -2.7 -12.3 7.1 -14.5 -1.4 -7.5 3.1 9.3 -7.3 3.2 17.7 -11.6 -19.4 3.5 0.4 -0.5
% Chg Same Month Last Yr........................ 0.7 -0.1 0.6 -1.4 -0.1 -1.3 -0.8 -1.1 -1.4 -1.7 -0.5 -1.8 -3.4 3.5 0.4 -0.5
Memphis Taxable Sales (MIL $) (4)................. 867 874 886 895 874 885 907 835 886 907 915 907 912 8893 9845 10534
% Chg Prev Month SAAR........................... 22.0 10.6 17.9 13.2 -25.5 16.7 33.6 -62.8 104.1 32.5 11.5 -10.5 6.3 7.4 10.7 7.0
% Chg Same Month Last Yr........................ 5.3 7.6 8.6 8.8 5.8 3.8 10.2 -0.3 6.5 4.2 5.8 6.4 5.2 7.4 10.7 7.0
Memphis Taxable Sales (MIL 82 $) (4).............. 573 576 582 587 572 578 592 543 576 589 592 585 586 6150 6636 6908
% Chg Prev Month SAAR........................... 18.2 6.3 14.3 9.7 -26.0 14.0 31.5 -64.3 102.5 29.4 6.4 -12.6 1.4 4.3 7.9 4.1
% Chg Same Month Last Yr........................ 2.3 4.4 5.3 5.6 3.0 1.1 7.4 -3.0 3.8 1.5 3.0 3.6 2.3 4.3 7.9 4.1
Memphis Bankruptcies (7).......................... 1328 1206 1221 1167 735 1331 1216 1309 1282 1309 1502 1416 1193 13884 13331 14387
% Chg Prev Month SAAR........................... 614.2 -68.3 15.4 -41.9 -99.6******* -66.4 142.3 -21.7 27.6 424.7 -51.0 -87.1 -2.6 -4.0 7.9
% Chg Same Month Last Yr........................ 20.0 17.3 8.1 1.7 -33.1 4.1 13.6 17.2 13.0 17.7 29.8 25.6 -10.1 -2.6 -4.0 7.9
Memphis Airport Passengers (THOU) (12)............ 744.4 716.0 749.8 751.1 750.2 759.4 737.1 719.1 761.4 762.2 748.6 796.1 812.9 7859.7 8023.7 8897.6
% Chg Prev Month SAAR........................... 55.6 -37.3 73.9 2.1 -1.4 15.7 -30.0 -25.7 98.8 1.3 -19.5 109.2 28.5 -3.6 2.1 10.9
% Chg Same Month Last Yr........................ 14.1 8.6 12.9 16.2 13.9 16.3 10.1 5.3 8.2 5.5 2.6 11.0 9.2 -3.6 2.1 10.9
Memphis Comm & Ind Elec Cons (MIL KWH) (5)........ 553 571 572 575 548 585 595 559 579 495 588 578 588 6300 6564 6757
% Chg Prev Month SAAR........................... -47.5 48.4 2.5 5.2 -43.2 118.9 23.3 -52.7 50.1 -84.7 691.4 -18.4 22.2 1.7 4.2 2.9
% Chg Same Month Last Yr........................ 2.6 5.7 5.1 3.2 -0.7 10.5 10.6 1.0 5.2 -10.6 8.4 -0.9 6.4 1.7 4.2 2.9
Initial Claims For Memphis UI (THOU) (3).......... 4.10 4.06 4.18 4.44 4.62 4.96 4.69 4.57 4.70 4.56 4.49 4.65 4.53 57.43 54.55 53.11
% Chg Prev Month SAAR........................... -7.0 -10.8 41.8 104.5 60.9 136.2 -48.5 -26.6 36.8 -29.9 -15.7 49.5 -26.4 -20.3 -5.0 -2.6
% Chg Same Month Last Yr........................ -13.2 -14.8 -11.6 -3.3 0.7 8.0 7.2 3.5 15.8 7.5 9.4 12.7 10.5 -20.3 -5.0 -2.6
Memphis New Incorporations (9).................... 123 131 137 141 149 144 161 129 135 127 126 126 129 2041 1768 1666
% Chg Prev Month SAAR........................... -82.3 117.0 63.5 44.1 94.1 -33.1 264.3 -92.7 71.8 -51.8 -7.3 -5.8 40.2 1.8 -13.4 -5.8
% Chg Same Month Last Yr........................ -26.1 -12.6 -8.5 -7.5 40.1 -3.8 8.4 -16.5 -13.8 -23.3 -13.7 -11.6 5.0 1.8 -13.4 -5.8
Help Wanted Index,Memphis (1987=100) (11)......... 130 124 114 123 120 117 123 123 121 127 117 121 130 88 124 124
% Chg Prev Month SAAR........................... -23.9 -43.3 -63.5 148.9 -25.6 -26.2 82.2 0.0 -17.9 78.7 -62.6 49.7 136.5 21.4 40.3 0.0
% Chg Same Month Last Yr........................ 12.1 1.6 -8.1 -3.1 -7.0 -7.9 -3.9 -6.8 -9.0 -6.6 -11.4 -9.0 0.0 21.4 40.3 0.0
Memphis Construction Potentials (6)............... 82 56 98 68 54 101 76 65 65 71 76 75 76 701 800 866
% Chg Prev Month SAAR........................... 412.5 -98.983564.8 -98.7 -94.3******* -96.7 -84.1 -2.4 219.5 125.1 -22.1 27.1 6.2 14.0 8.3
% Chg Same Month Last Yr........................ 55.8 -18.9 48.9 14.2 -9.3 25.4 5.3 -12.8 -14.9 11.4 30.7 5.1 -6.4 6.2 14.0 8.3
Memphis Cnstr Potentials,Val (MIL 82 $) (6)....... 88 57 85 55 97 96 86 81 107 95 106 82 85 810 740 1005
% Chg Same Month Last Yr........................ 48.9 -8.2 34.0 -30.7 87.4 25.5 54.8 46.4 57.4 72.4 48.7 -4.3 -3.5 16.1 -8.7 35.8
NOTES
NASHVILLE ECONOMIC INDICATORS
SEASONALLY ADJUSTED
199503 199504 199505 199506 199507 199508 199509 199510 199511 199512 199601 199602 199603 1993 1994 1995
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Nashville Economic Index (1982=100)............... 131.1 131.2 129.6 129.7 129.0 129.9 129.7 129.1 130.9 131.1 129.7 130.7 130.8 123.2 128.1 130.1
% Chg Prev Month SAAR........................... 12.3 0.9 -13.7 1.1 -6.5 8.7 -2.3 -5.2 18.6 1.7 -12.2 9.4 1.1 3.7 4.0 1.6
% Chg Same Month Last Yr........................ 2.9 3.2 1.6 1.3 1.0 0.9 0.2 -0.4 0.4 0.4 -0.6 0.6 -0.3 3.7 4.0 1.6
Nashville Nonag Employment (THOU) (3)............. 593.7 591.1 591.2 594.2 595.8 599.6 599.7 606.2 607.7 608.1 609.7 608.7 613.0 541.9 570.9 597.0
% Chg Prev Month SAAR........................... 9.3 -5.2 0.3 6.3 3.2 7.9 0.3 13.7 3.1 0.9 3.2 -2.1 8.7 4.9 5.3 4.6
% Chg Same Month Last Yr........................ 5.7 5.1 4.7 4.9 4.6 3.7 3.9 4.3 3.1 3.2 3.9 3.3 3.2 4.9 5.3 4.6
Nashville Unemployment Rate (%) (3)............... 3.1 3.2 3.4 3.5 3.6 3.8 3.8 3.6 3.4 3.1 3.3 3.3 3.2 4.1 3.3 3.4
Nashville Mfg Employment (THOU,NSA) (2)........... 101.9 100.7 101.1 101.6 101.0 99.8 99.9 100.0 100.0 100.6 100.7 100.7 100.7 94.2 98.7 100.8
% Chg Prev Month SAAR........................... 1.2 -13.3 4.9 6.1 -6.9 -13.4 1.2 1.2 0.0 7.4 1.2 0.0 0.0 3.6 4.7 2.1
% Chg Same Month Last Yr........................ 4.4 2.7 2.8 2.7 2.7 1.0 0.5 0.2 -0.7 -0.5 -0.5 -1.1 -1.2 3.6 4.7 2.1
Nashville Taxable Sales (MIL $) (4)............... 1226 1212 1203 1233 1199 1242 1255 1119 1280 1277 1291 1278 1256 12248 13595 14593
% Chg Prev Month SAAR........................... 79.3 -13.5 -8.1 34.1 -28.6 53.6 13.1 -74.9 403.5 -2.7 14.1 -11.5 -19.2 10.7 11.0 7.3
% Chg Same Month Last Yr........................ 9.6 9.2 4.4 8.3 4.8 6.4 7.5 -2.4 9.6 9.3 9.6 9.4 2.4 10.7 11.0 7.3
Nashville Taxable Sales (MIL 82 $) (4).... 811 798 790 808 785 812 819 728 832 829 835 825 807 8471 9164 9569
% Chg Prev Month SAAR................. 73.7 -16.9 -11.0 30.0 -29.2 50.1 11.3 -75.8 399.6 -4.9 8.9 -13.5 -22.9 7.5 8.2 4.4
% Chg Same Month Last Yr.............. 6.5 6.0 1.2 5.1 1.9 3.7 4.9 -5.1 6.9 6.5 6.6 6.5 -0.4 7.5 8.2 4.4
Nashville Bankruptcies (7)........................ 781 696 808 769 749 795 853 872 890 884 953 911 872 9993 8939 9577
% Chg Prev Month SAAR........................... 94.6 -74.7 494.0 -44.5 -26.5 103.9 131.2 30.0 28.9 -8.6 148.3 -41.7 -40.7 -8.2 -10.5 7.1
% Chg Same Month Last Yr........................ 5.3 -2.2 6.7 8.4 -3.4 5.3 12.3 19.1 15.0 18.1 28.5 23.4 11.8 -8.2 -10.5 7.1
Nashville Airport Passengers (THOU) (13).......... 693.7 696.0 658.4 605.5 564.4 601.4 603.3 597.5 622.1 583.4 561.1 591.5 587.8 9108.8 8729.3 7650.1
% Chg Prev Month SAAR........................... -0.4 4.0 -48.6 -63.4 -56.9 114.2 3.8 -10.9 62.2 -53.7 -37.4 88.4 -7.1 -10.9 -4.2 -12.4
% Chg Same Month Last Yr........................ -2.5 -2.1 -7.1 -17.1 -24.2 -16.4 -17.4 -20.8 -19.1 -20.5 -23.2 -14.8 -15.3 -10.9 -4.2 -12.4
Nashville Comm & Ind Elec Cons (MIL KWH) (5)...... 492 506 492 498 493 489 531 496 496 508 518 517 508 5600 5796 5990
% Chg Prev Month SAAR........................... -6.3 40.9 -28.6 15.3 -11.1 -9.9 169.3 -55.6 0.1 32.9 27.2 -3.5 -19.2 7.7 3.5 3.3
% Chg Same Month Last Yr........................ 4.1 4.3 1.5 4.1 -2.7 4.6 14.8 1.4 1.1 4.4 4.8 4.5 3.2 7.7 3.5 3.3
Initial Claims For Nashville UI (THOU) (3)........ 4.16 4.32 4.61 4.88 5.61 5.55 5.48 5.45 4.96 4.74 5.18 5.02 5.10 63.73 53.80 57.94
% Chg Prev Month SAAR........................... 3.6 57.3 117.8 95.7 436.7 -11.8 -13.6 -8.1 -67.3 -42.6 195.0 -32.0 22.4 -26.0 -15.6 7.7
% Chg Same Month Last Yr........................ -13.8 -6.5 2.0 7.7 19.0 14.4 37.8 36.1 26.5 23.4 28.6 21.0 22.7 -26.0 -15.6 7.7
Nashville New Incorporations (9).................. 262 241 254 251 216 260 232 239 244 249 242 260 216 3123 2999 2939
% Chg Prev Month SAAR........................... 269.3 -62.8 86.3 -13.2 -83.3 816.7 -74.5 40.7 34.3 26.4 -29.1 131.3 -88.9 -5.2 -4.0 -2.0
% Chg Same Month Last Yr........................ 8.5 -10.2 -0.1 -3.2 -9.5 7.4 -24.5 1.5 -10.4 -4.9 -6.1 10.7 -17.3 -5.2 -4.0 -2.0
Help Wanted Index,Nashville (1987=100) (11)....... 128 156 118 116 113 115 116 113 122 123 93 114 117 91 116 122
% Chg Prev Month SAAR........................... 61.3 973.9 -96.5 -18.5 -27.0 23.4 10.9 -27.0 150.8 10.3 -96.5 1051.0 36.6 25.9 27.8 4.9
% Chg Same Month Last Yr........................ 9.4 34.5 -1.7 -1.7 0.0 -0.9 -1.7 -5.8 -0.8 -2.4 -24.4 -7.3 -8.6 25.9 27.8 4.9
Nashville Construction Potentials (6)............. 162 136 139 136 134 147 127 133 158 146 142 145 133 1309 1561 1690
% Chg Prev Month SAAR........................... 9023.3 -88.4 38.7 -27.7 -11.7 202.0 -83.4 78.8 701.2 -63.1 -28.0 35.1 -66.2 8.9 19.2 8.2
% Chg Same Month Last Yr........................ 25.8 8.8 29.1 -2.2 3.5 8.9 -12.5 -6.9 23.8 3.8 -12.0 30.5 -18.2 8.9 19.2 8.2
Nashville Cnstr Potentials,Val (MIL 82 $) (6)... 104 108 109 118 103 115 89 109 120 164 123 106 130 1050 1332 1363
% Chg Same Month Last Yr.................... -5.6 -31.9 26.1 16.1 -1.5 -0.2 -35.7 8.0 -4.4 85.3 8.4 -4.5 26.0 -6.4 26.8 2.3
NOTES
TRI-CITIES ECONOMIC INDICATORS
SEASONALLY ADJUSTED
199503 199504 199505 199506 199507 199508 199509 199510 199511 199512 199601 199602 199603 1993 1994 1995
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Tri-Cities Economic Index (1982=100).............. 126.1 126.4 124.8 126.3 124.7 125.3 125.0 124.5 124.8 124.4 122.8 123.3 124.4 120.7 123.2 125.4
% Chg Prev Month SAAR........................... -4.3 3.0 -14.5 15.6 -13.9 6.3 -2.8 -5.2 3.2 -4.0 -14.6 5.6 10.7 2.3 2.1 1.8
% Chg Same Month Last Yr........................ 3.7 3.6 1.6 2.4 1.4 1.5 1.2 0.4 -0.7 0.4 -2.6 -2.6 -1.4 2.3 2.1 1.8
Tri-Cities Nonag Employment (THOU) (3)............ 195.1 194.6 193.4 192.8 195.6 195.7 194.1 195.5 195.0 194.4 194.1 192.6 194.2 184.5 188.4 194.5
% Chg Prev Month SAAR........................... 5.7 -2.6 -7.5 -3.3 18.8 0.8 -9.6 8.7 -2.8 -3.5 -2.0 -9.0 10.9 1.8 2.1 3.3
% Chg Same Month Last Yr........................ 4.7 4.6 3.2 2.5 4.8 4.2 2.3 2.6 1.1 0.5 0.1 -0.8 -0.4 1.8 2.1 3.3
Tri-Cities Unemployment Rate (%) (3).............. 4.8 4.9 5.0 5.1 5.7 5.7 5.5 6.5 5.2 5.4 5.6 5.3 4.7 5.7 5.3 5.3
Tri-Cities Mfg Employment (THOU,NSA) (2).......... 55.5 55.9 55.7 55.9 55.9 55.6 55.6 55.7 55.4 54.7 54.5 54.1 54.4 53.7 53.7 55.5
% Chg Prev Month SAAR........................... 6.7 9.0 -4.2 4.4 0.0 -6.3 0.0 2.2 -6.3 -14.2 -4.3 -8.5 6.9 -0.4 -0.1 3.4
% Chg Same Month Last Yr........................ 4.3 4.3 3.7 3.5 3.1 2.6 2.0 4.3 3.2 0.6 -1.4 -2.0 -2.0 -0.4 -0.1 3.4
Tri-Cities Taxable Sales (MIL $) (4).............. 279 283 285 288 281 282 278 273 279 284 283 275 288 2982 3147 3385
% Chg Prev Month SAAR........................... -52.1 19.8 9.1 13.1 -25.9 3.1 -15.0 -20.0 29.9 22.5 -1.5 -30.6 78.3 5.0 5.6 7.6
% Chg Same Month Last Yr........................ 5.6 9.0 9.9 10.4 5.0 5.2 2.0 -0.1 2.3 15.6 2.7 -7.4 3.4 5.0 5.6 7.6
Tri-Cities Taxable Sales (MIL 82 $) (4)........... 184 187 187 189 184 184 182 178 181 184 183 177 185 2062 2122 2220
% Chg Prev Month SAAR........................... -53.6 15.1 5.7 9.6 -26.4 0.7 -16.4 -23.1 28.9 19.7 -6.0 -32.2 70.2 2.0 2.9 4.6
% Chg Same Month Last Yr........................ 2.6 5.8 6.6 7.2 2.2 2.5 -0.5 -2.9 -0.3 12.7 0.0 -9.8 0.5 2.0 2.9 4.6
Tri-Cities Bankruptcies (7)....................... 428 408 482 458 479 519 495 532 513 562 611 606 618 5215 4988 5679
% Chg Prev Month SAAR........................... 225.0 -43.5 621.1 -45.0 70.7 163.7 -43.8 135.1 -34.0 192.9 174.4 -9.1 25.3 -12.0 -4.4 13.9
% Chg Same Month Last Yr........................ -8.8 -2.9 12.0 11.2 10.2 18.6 10.8 26.2 50.0 17.3 47.5 56.1 44.2 -12.0 -4.4 13.9
Tri-Cities Airport Passengers (THOU) (15)......... 37.9 37.1 37.0 36.0 34.7 34.7 34.7 35.2 35.3 32.6 34.5 35.1 35.2 446.6 436.3 429.3
% Chg Prev Month SAAR........................... 43.9 -24.3 -1.5 -28.1 -34.7 -2.6 1.0 17.8 5.8 -62.4 96.3 23.0 5.3 -4.9 -2.3 -1.6
% Chg Same Month Last Yr........................ 3.0 0.2 -0.7 -1.5 -2.4 -0.3 -2.3 -2.5 -3.9 -10.7 -7.7 -4.7 -7.2 -4.9 -2.3 -1.6
Tri-Cities Comm & Ind Elec Cons (MIL KWH) (5)..... 56 60 56 70 59 62 61 58 60 60 60 63 61 646 673 718
% Chg Prev Month SAAR........................... -16.3 146.2 -54.5 1121.1 -86.2 73.5 -10.0 -43.9 35.2 -1.9 -0.8 85.1 -35.1 8.4 4.2 6.6
% Chg Same Month Last Yr........................ 4.7 8.6 -2.8 21.7 0.5 7.1 12.3 7.9 11.0 9.5 2.2 10.7 8.3 8.4 4.2 6.6
Initial Claims For Tri-Cities UI (THOU) (3)....... 2.04 2.10 2.18 2.14 2.64 2.37 2.19 2.10 2.16 2.26 3.14 2.55 2.19 30.33 31.17 26.54
% Chg Prev Month SAAR........................... -60.5 43.3 52.3 -16.9 1105.9 -72.7 -61.2 -38.0 41.1 69.9 5023.0 -91.7 -84.2 -5.8 2.8 -14.9
% Chg Same Month Last Yr........................ -31.8 -25.8 -16.7 -17.9 3.8 -3.9 -15.3 -13.8 -7.4 0.2 46.5 15.7 7.2 -5.8 2.8 -14.9
Tri-Cities New Incorporations (9)................. 28 32 37 31 28 35 37 35 36 29 33 35 24 439 377 394
% Chg Prev Month SAAR........................... -71.2 327.6 527.9 -88.4 -78.3 1975.9 65.1 -53.4 83.3 -94.6 505.2 81.3 -98.6 -4.0 -14.0 4.3
% Chg Same Month Last Yr........................ -16.6 -30.9 21.8 -4.9 -5.0 22.9 42.7 12.6 18.4 -15.4 -0.3 10.7 -13.9 -4.0 -14.0 4.3
Tri-Cities Construction Potentials (6)............ 22 28 31 30 17 27 30 20 26 18 16 24 25 268 244 294
% Chg Prev Month SAAR........................... -61.8 1862.0 133.1 -16.4 -99.927681.6 195.5 -99.2 1788.3 -98.2 -75.5 9568.2 51.3 14.7 -9.2 20.9
% Chg Same Month Last Yr........................ -10.5 63.0 50.6 49.8 -30.6 -20.5 117.2 -3.3 54.1 -16.3 -21.5 -0.9 11.1 14.7 -9.2 20.9
Tri-Cities Cnstr Potentials,Val (MIL 82 $,NSA) (6) 24 12 43 27 16 17 19 27 24 11 11 12 28 241 205 242
% Chg Same Month Last Yr........................ 7.8 -50.9 189.6 82.0 -11.3 -17.7 10.8 51.3 75.8 0.1 7.3 -0.6 18.4 -6.7 -14.8 18.2
NOTES
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, March 1996
CBER Home Page
Last updated June 24, 1996
Vickie Cunningham,
vcunningham@utk.edu