Showing posts with label employment. Show all posts
Showing posts with label employment. Show all posts

Friday, September 25, 2015

Lowest Initial Unemployment Claims since 1990

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

BERC research shows Tennessee initial unemployment claims dropped in August to the lowest level since 1990. See more state and MSA indicators at Tracking Tennessee's Economy: http://capone.mtsu.edu/berc/tacir/tacir.html 

Thursday, September 3, 2015

Wednesday, June 3, 2015

Tennessee Economic Indicators

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

Tennessee's unemployment rate and initial unemployment claims declined in April, while single-family housing permits, state sales tax collections, and nonfarm employment rose. See graphs for the state and 10 MSAs at Tracking Tennessee's Economy.

Wednesday, May 6, 2015

Economic Indicators Updated

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

In March, Tennessee initial unemployment claims and single-family home construction permits rose while state sales tax collections, seasonally adjusted nonfarm employment, unemployment rate, and average weekly hours fell. For graphs of details by MSA, check out Tracking Tennessee's Economy.

Wednesday, February 4, 2015

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

Tennessee single-family permits, nonfarm employment, and initial unemployment claims rose in December, while state sales tax collections, unemployment rate, and average weekly hours and earnings declined. See graphs for individual metro areas at Tracking Tennessee's Economic Recovery.

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

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

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