Employment Growth by Industry

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

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

• Chattanooga MSA
• Clarksville MSA
• Cleveland MSA
• Jackson MSA
• Johnson City MSA
• Kingsport-Bristol MSA
• Knoxville MSA
• Memphis MSA
• Morristown MSA
• Nashville MSA
• Tennessee

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

Employment Growth by Industry

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

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

• Chattanooga MSA
• Clarksville MSA
• Cleveland MSA
• Jackson MSA
• Johnson City MSA
• Kingsport-Bristol MSA
• Knoxville MSA
• Memphis MSA
• Morristown MSA
• Nashville MSA
• Tennessee

Updated Economic Indicators for TN and MSAs

http://mtsu.edu/berc/tacir 

In February, Tennessee initial unemployment claims rose while state sales tax collections fell. In January, nonfarm employment, average weekly hours and earnings rose. See MSA details at Tracking Tennessee's Economic Recovery.

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

Employment Growth Heat Maps

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

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

• Chattanooga MSA
• Clarksville MSA
• Cleveland MSA
• Jackson MSA
• Johnson City MSA
• Kingsport-Bristol MSA
• Knoxville MSA
• Memphis MSA
• Morristown MSA
• Nashville MSA
• Tennessee

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

Tennessee single-family home construction permits rose 9.0% and state sales tax collections climbed 3.9% in January from the previous month after seasonal adjustments. For details by MSA, check the Tracking Tennessee's Economic Recovery site.

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

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

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

Initial unemployment claims, single-famiy home permits, seasonally adjusted nonfarm employment, and the unemployment rate for Tennessee all declined in November, while state sales tax collections increased. For details, graphs, and MSA information, see Tracking Tennessee's Economic Recovery: http://capone.mtsu.edu/berc/tacir/tacir.html

History: Indicators Jan. 2004 to Oct. 2014

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

An updated history of economic indicators for Tennessee and 10 MSAs is posted at Tracking Tennessee's Economic Recovery (Jan. 2004-Oct. 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

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

• Seasonally adjusted initial claims for Tennessee dropped sharply in March to a weekly average of 4,849. Claims had followed a rising trend since November.
• Permits issued for single-family home construction for Tennessee for Tennessee fell 4.4% in March after seasonal adjustments. Of more concern is the continuation of weakness in the trend, which has been in decline since last summer. Over the year, single-family construction is 9.6% higher, while multi-family construction is up 18.6%.
• State sales tax collections jumped higher in March after seasonal adjustments, rising 4.0% from February. Over the year, collections are up 5.4%.
• Seasonally adjusted nonfarm employment for Tennessee rose 0.2% in March, a gain of 4,200 jobs from February. The rate of growth of job creation in the private sector remained at 2.1% over the year.
• Unemployment rate for Tennessee fell to 6.7% in March, equaling the U.S. unemployment rate for the first time in nearly two years. Rising employment and a steady labor force caused the decline in the unemployment rate.

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 rose 3.2% in February after seasonal adjustments. The less-volatile trend continued to decline, however, falling for the sixth consecutive month beginning August 2013. Over the year, single-family construction is up 10%. Multi-family construction continues to rise, causing total permits to climb 27% from the previous year.
• Seasonally adjusted nonfarm employment for Tennessee rose 0.2% in February, up nearly 7,000 jobs from January.  The rate growth of job creation in the private sector remained at 2.1% over the year.
• Unemployment rate for Tennessee fell sharply to 6.9% in February from 7.2% in the previous month, closing in on the U.S. unemployment rate of 6.7%.  Rising employment and a steady labor force caused the decline in the unemployment rate.

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

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

• Seasonally adjusted initial unemployment claims for Tennessee climbed to 5,603 per week in February compared with 5,193 for January. The less-volatile trend also rose. Unseasonably cold weather in February may explain some of the increase.
• Permits issued for single-family home construction for Tennessee fell 4% from January after seasonal adjustments. Of greater concern is the weakening of construction activity as measured by the less-volatile trend, down for the fifth consecutive month. Over the year, single-family construction is down 7.8%. Multi-family construction continues to surge higher, causing total permits to rise 52% from the previous year.
• State sales tax collections fell 1.7% in February from the previous month after seasonal adjustments, the second consecutive monthly decline. Over the year, collections are just 1.1% higher.
• Seasonally adjusted nonfarm employment for Tennessee in January is slightly lower than the previous month and just 1.4% higher over the year. Slower job growth is consistent with rising layoffs and sales tax collections noted above.
• Unemployment rate for Tennessee fell to 7.2% in January from 7.7% in the previous month. The decrease was due to higher employment according to the household survey measure.

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 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

Construction Data

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

Permits issued for single-family home construction in Tennessee fell in August after seasonal adjustments following a gain for July. Permits have fluctuated higher and lower during the past 12 months, but the trend continues to improve. Single-family construction permits are 16.0% higher over the year, while total permits (single-family plus multi-family) are 2.2% higher.

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

• Seasonally adjusted nonfarm employment for Tennessee gained in August, compensating for job losses in July. Gains occurred in manufacturing, trade, leisure and hospitality, and education and health services. Employment in the private sector employment rose 1.9% compared with 1.2% when government is included.
• Unemployment rate for Tennessee remained at 8.5% again in August, the third month at this level. Both employment (measured by the household survey) and unemployment fell during the month.
• State sales tax collections fell in August following a strong performance in July. Seasonally adjusted collections are 3.8% higher over the year.
• Seasonally adjusted initial unemployment claims for Tennessee fell to 5,238 per week in August while the less-volatile trend also declined. The steady decline in the trend of initial claims suggests that fewer and fewer firms are downsizing.

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

Updated Tennessee Economic Indicators

http://mtsu.edu/berc/tacir 

• Seasonally adjusted initial claims for unemployment insurance in TN increased in Jan. following a large decline in Dec. The less volatile trend continues to show improvement, however. 
• Permits issued for single-family home construction in TN fell again in Dec, the 2nd monthly decline following a large increase in Oct. The trend continues to show improvement. 
• Tennessee unemployment rate remained at 7.6% in Dec., down from 8.5% a year ago.
• Seasonally adjusted nonfarm employment for TN gained 3,000 jobs in Dec. from the previous month. Over the year, nonfarm employment has gained 36,400 jobs, up 1.4%.
  
• State sales tax collections up 5.1% in Dec. over the year (seasonally adjusted), the largest rise since June 2012.

Graphs: Tracking Tennessee's Economic Recovery | MSA | County

Initial Claims

mtsu.edu/berc/tacir 

Seasonally adjusted initial claims for unemployment insurance in Tennessee fell sharply in December to 5,504 from 6,942 in November. The trend shows little change from November.

[Tracking Tennessee's Economic Recovery]

Sales Tax Collections

mtsu.edu/berc/tacir 

State sales tax collections climbed 5.1% in December over the year after seasonal adjustment, the largest increase since June 2012.

[Tracking Tennessee's Economic Recovery]