Updated Economic Indicators

http://mtsu.edu/berc/tacir 

• Permits issued for single-family home construction for Tennessee were virtually unchanged in December after seasonal adjustments. The trend shows a slight decline in activity from a peak last August. 
• Seasonally adjusted nonfarm employment for Tennessee was virtually unchanged in December, down 900 jobs from November. Over the year, nonfarm employment is 31,400 higher, a gain of 1.1%.
• Unemployment rate for Tennessee dropped to 7.8% in December from 8.1% in the previous month. The decrease was largely due to a decline in the labor force, indicating that fewer people are searching for work.
• State sales tax collections rose 0.5% in December from the previous month after seasonal adjustments. Collections are 2.6% higher over the year.
• Seasonally adjusted initial unemployment claims for Tennessee increased in December to 5,281 from 4,807 per week in November, the second consecutive increase. The less-volatile trend continued to decline and remain less than 5,000 per week.

Graphs: Search by MSA at Tracking Tennessee's Economic Recovery

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

• Permits issued for single-family home construction for Tennessee declined in November to 1,314 following a very strong October. The less volatile trend shows little change and has been level since August. Over the year, single-family permits are 2.8% higher, but total permits (including multi-family permits) are down 1.9%.
• Seasonally adjusted nonfarm employment for Tennessee rose sharply in November by 0.3%, a gain of 9,400 from October. Over the year, nonfarm employment is 39,000 higher.
• Unemployment rate for Tennessee fell to 8.1% in November, the lowest level since April. Total employment fell 1,800 from October, but the number of persons unemployed fell nearly 12,000.
• State sales tax collections climbed 1.4% from October after seasonal adjustments. Collections are 4.0% higher over the year.
• Seasonally adjusted initial unemployment claims for Tennessee rose in November to 4,807 from 4,642 per week in October, while the less-volatile trend continued to decline. Initial claims remain at very low levels.

Graphs: Search by MSA at Tracking Tennessee's Economic Recovery