Tuesday, July 22, 2014

Economic Indicators Updated

http://mtsu.edu/berc/tacir 

  • Seasonally adjusted initial claims for Tennessee for Tennessee climbed again in June, rising to 5,106 claims per week. The increase pushed new claims slightly higher than the trend.
  • Permits issued for single-family home construction for Tennessee fell substantially in May, dropping to the lowest level since March 2013. The trend for single-family permits has been flat since the beginning of the year.
  • State sales tax collections rose strongly in June after seasonal adjustment, gaining 2.4% from May and 5.5% over the year. Business-related tax collections declined substantially, however, causing total state tax collections to fall.
  • Seasonally adjusted nonfarm employment for Tennessee was little changed in June, 2,600 jobs lower than May. Over the year, nonfarm employment is 2.0% higher, gaining 53,600 jobs. 
  • Unemployment rate for Tennessee gained 0.2 percentage points, rising to 6.6% compared with 6.1% for the U.S. Over the year, the unemployment rate is 1.8 percentage points lower. 
  • Average weekly hours for Tennessee climbed 0.6% from May to 35.4 hours. Over the year, however, hours worked are somewhat lower. 
  • Average hourly earnings for Tennessee rose to $20 in June following seasonal adjustments, a gain of 0.5% from May. Over the year, average hourly earnings are 3.4% higher.
Graphs: Search by MSA at Tracking Tennessee's Economic Recovery

Employment Growth by Industry Updated through June

http://www.mtsu.edu/~berc/tacir/tennesseejobs.html 

Heat tables and summary tables for the state and 10 MSAs 
through June

Wednesday, July 9, 2014

Updated Economic Indicators by MSA

http://mtsu.edu/berc/tacir 

  • Seasonally adjusted initial claims for Tennessee climbed in May following two months of declines. The less volatile trend declined. 
  • Permits issued for single-family home construction for Tennessee fell substantially in May, dropping to the lowest level since March 2013. The trend for single-family permits has been flat since the beginning of the year.
  • State sales tax collections fell in May after seasonal adjustment. Sales tax collections are just 0.9% higher over the year. 
  • Seasonally adjusted nonfarm employment for Tennessee rose 0.2% in May with broad-based gains in both goods-producing and services-providing industries. Nonfarm employment is 2.1% higher over the year. 
  • Unemployment rate for Tennessee is little changed in May at 6.4%, about the same as the U.S. unemployment rate. 
  • Average weekly hours for Tennessee were unchanged in May and unchanged over the year. Rising hours worked is an advance indicator of hiring pressure. 
  • Average hourly earnings for Tennessee fell in May to $20.60. However, hourly earnings for private sector workers are 2.7% higher over the year, a gain larger than the rate of inflation (2.1% CPI).
Graphs: Search by MSA at Tracking Tennessee's Economic Recovery

Wednesday, July 2, 2014

Global Commerce: 1st Quarter 2014

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

  • Mapping Tennessee ExportersTennessee is home to more than 7,000 exporters. On average, each exports dramatically more than a decade earlier. 
  • Trade Report - For the fourth consecutive quarter, state exports exceeded $8 billion. 
  • Interactive Map: Tennessee Exporters by zip code

[Global Commerce newsletter]

Global Commerce: Tennessee and the International Economy, produced by the Business and Economic Research Center at Middle Tennessee State University, received the 2013 award of excellence in electronic publications from the Association of University Business and Economic Research.

Wednesday, June 11, 2014

Global Commerce

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


[Global Commerce newsletter]

Global Commerce: Tennessee and the International Economy, produced by the Business and Economic Research Center at Middle Tennessee State University, received the 2013 award of excellence in electronic publications from the Association of University Business and Economic Research.

Tuesday, May 20, 2014