Showing posts with label MSA. Show all posts
Showing posts with label MSA. Show all posts

Wednesday, March 9, 2016

New BERC Housing Report Published

Tennessee home prices up, market improves in Q4 of 2015. http://www.mtsunews.com/berc-housing-4q-2015/

Tuesday, April 7, 2015

Updated Economic Indicators for Tennessee and MSAs

http://mtsu.edu/berc/tacir 

In February, Tennessee permits for single-family home construction declined following a strong January performance, seasonally adjusted nonfarm employment was virtually unchanged, and the unemployment rate dipped slightly. For details by MSA, see the Tracking Tennessee's Economic Recovery site. 

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

Wednesday, December 3, 2014

Construction Permits

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

Due to a boom in multi-family construction in the Nashville MSA, total TN permits (including multifamily homes) are up 40.9% over the year. Details by MSA at Tracking Tennessee's Economic Recovery. 


Wednesday, November 26, 2014

Economic Indicators Updated through October

http://mtsu.edu/berc/tacir 

  • Seasonally adjusted initial claims for Tennessee changed little in October, increasing to 4,571 per week from 4,507 in September. The trend declined slightly. Initial claims remain very low for the state.
  • State sales tax collections gained in October after seasonal adjustments. Collections rose 2.5% from September and now are 7.3% higher over the year for Tennessee.
  • Seasonally adjusted nonfarm employment for Tennessee rose 7,900 in October from the previous month. Over the year, nonfarm employment is 2.2% higher, a gain of 59,800.
  • Unemployment rate for Tennessee declined to 7.1% in October, down from a recent peak of 7.4% for August. Tennessee's unemployment rate remains elevated compared with 5.8% for the U.S. 
  • Average weekly hours for Tennessee fell to 34.8 in October. Hours worked are down 1.4% over the year.
  • Average hourly earnings for Tennessee gained $0.10 in October September to $20.70 after seasonal adjustments. Hourly earnings are just 2.0% higher over the year.
Graphs: Search by MSA at Tracking Tennessee's Economic Recovery

Friday, October 24, 2014

Economic Indicators Updated through September

http://mtsu.edu/berc/tacir 

  • Seasonally adjusted initial claims for Tennessee increased slightly in September, climbing to 4,507 per week compared with 4,338 in the previous month.  The trend continued to drift lower.  Initial claims remain at very low levels, lower than prior to the recession.
  • State sales tax collections declined in September following a very large August gain.  Seasonally adjusted collections fell 1.2% from the previous month but remain 5.3% higher over the year.
  • Seasonally adjusted nonfarm employment for Tennessee climbed by 17,000 jobs in September from the previous month, up 0.3%. Over the year, nonfarm employment is 2.2% higher, up 60,700. (Private-sector-only jobs gained 2.8% over the year.) The growth rate has been on the rise since mid-2013.
  • Unemployment rate for Tennessee changed little in September despite the gains in nonfarm employment and falling initial unemployment insurance claims. Tennessee's unemployment rate is 7.3% compared with 5.9% for the U.S.
  • Average weekly hours for Tennessee dropped to 35.1 in September, one of the lower numbers reported in the past 12 months.
  • Average hourly earnings for Tennessee fell $0.20 in September to $20.60 after seasonal adjustments. Average earnings appear to be weakening following the peak in May of this year.
Graphs: Search by MSA at Tracking Tennessee's Economic Recovery

Friday, October 3, 2014

Economic Indicators through August

http://mtsu.edu/berc/tacir 

  • Seasonally adjusted initial claims for Tennessee dropped again in August, falling to a new post-recession low of 4,338 per week, after seasonal adjustments. Prior to the recession, initial claims averaged approximately 6,000 per week.
  • Permits issued for single-family home construction for Tennessee rose to a post-recession high in August, climbing to 1,704 after seasonal adjustments. Over the year, single-family home permits have increased 28.3%. On the other hand, total permits (single-family plus multi-family) are just 1.0% higher over the year, showing how multi-family activity has cooled considerably.
  • State sales tax collections gained 2.4% in August from the previous month, a large month-to-month increase. Over the year in August, seasonally adjusted state sales tax collections are up 6.9% for the state.
  • Seasonally adjusted nonfarm employment for Tennessee exceeded the 2.8 million level in August, gaining 0.2% from the previous month. Over the year, nonfarm employment grew 2.1%. Including just private-sector establishments, employment rose a more robust 2.6% over the year.
  • Unemployment rate for Tennessee rose again in August, climbing to 7.4% compared with 6.1% for the United States.
  • Average weekly hours for Tennessee increased slightly in August to 35.3, equaling the average for the year to date.
  • Average hourly earnings for Tennessee rose $0.10 in August to $20.80. Earnings per hour have exhibited little net change since January.
Graphs: Search by MSA at Tracking Tennessee's Economic Recovery

Wednesday, September 10, 2014

Economic Indicators for July for State and MSAs

http://mtsu.edu/berc/tacir 

  • Seasonally adjusted initial claims for Tennessee declined in July, falling to 4,608 claims per week, nearly equaling the trend. Initial claims continue to decline as new layoffs become less and less of a problem. 
  • Permits issued for single-family home construction for Tennessee posted a substantial gain in July, rising 6.6% from June. The less volatile trend also increased in July. Over the year, single-family home permits are up 4.4% while total permits (single-family plus multi-family) are down 13% higher over the year, showing how the figures can be volatile.
  • State sales tax collections experienced a moderate rise in July, up 0.3% from June after seasonal adjustment. Over the year, state sales tax collections are up 3.2% for Tennessee. 
  • Seasonally adjusted nonfarm employment for Tennessee was little changed again in July, hovering around the 2.8 million level. Over the year, nonfarm employment is 1.9% higher, rising to 2.7% when government is not included.
  • Unemployment rate for Tennessee rose sharply in July, gaining 0.5 points from June. The current level of 7.1% returns the unemployment rate to about the same level as in January. The large decline in employment (from the household survey) is inconsistent with declining initial claims and modestly rising nonfarm employment.
  • Average weekly hours for Tennessee fell slightly to 35.2 hours. Hours worked have tended to fluctuate in a narrow band over the past year with no obvious trend.
  • Average hourly earnings for Tennessee fell $0.20 in July to $20.70. Following a large rise in 2013, hourly earnings have drifted lower this year. 
Graphs: Search by MSA at Tracking Tennessee's Economic Recovery

Wednesday, August 13, 2014

Tennessee Housing Market: 2nd Quarter 2014

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

The state housing market improved, with construction and prices particularly strong in the Nashville MSA. [more]

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 climbed from the previous month, rising 22% from a weak May performance. Over the year, single-family home permits are 16.9% higher. Total permits (single-family plus multi-family) are 9.5% higher over 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