Southeastern Economic Indicators

Alabama
Quarterly Annual Averages
1998Q4 1999Q1 1999Q2 1999Q3 1999Q4 1996 1997 1998 1999
Total Payroll Employmenta 1,918.7 1,928.8 1,933.2 1,934.6 1,932.7 1,829.4 1,866.5 1,907.0 1,932.3
Year-over-Year Percent Change 2.2 2.2 1.5 0.9 0.7 1.4 2.0 2.2 1.3
Quarterly Percent Change 0.1 0.5 0.2 0.1 -0.1
Manufacturing Payroll Employment 375.6 373.7 370.7 367.9 366.3 382.8 380.7 379.0 369.7
Year-over-Year Percent Change -1.3 -1.8 -2.5 -3.2 -2.5 -2.3 -0.6 -0.4 -2.5
Quarterly Percent Change -1.1 -0.5 -0.8 -0.8 -0.4
Civilian Unemployment Rate 4.1 4.1 4.6 4.4 4.5 5.1 5.1 4.2 4.4
Initial Unemployment Claims 346.1 297.7 306.1 305.3 276.6 356.5 317.5 330.1 296.4
Year-over-Year Percent Change 17.1 -7.4 -7.2 -5.6 -20.1 -2.2 -10.9 4.0 -10.2
Quarterly Percent Change 7.0 -14.0 2.8 -0.3 -9.4
Single Family Building Permits 15,506 15,937 16,525 16,142 16,710 14,566 13,634 14,655 16,329
Year-over-Year Percent Change 17.1 15.1 11.1 12.1 7.8 8.6 -6.4 7.5 11.4
Quarterly Percent Change 7.7 2.8 3.7 -2.3 3.5
Multifamily Building Permits 4,719 5,781 2,014 3,624 2,386 5,302 4,098 5,878 3,451
Year-over-Year Percent Change 27.6 -18.8 -60.0 -45.4 -49.4 -20.9 -22.7 43.4 -41.3
Quarterly Percent Change -28.9 22.5 -65.2 80.0 -34.2
Personal Income 95.3 95.8 97.0 98.1 na 85.1 89.3 93.6 na
Year-over-Year Percent Change 5.1 4.1 4.3 4.4 na 4.7 5.0 4.7 na
Quarterly Percent Change 1.3 0.5 1.3 1.2 na
Birmingham
Total Payroll Employmenta 477.0 481.3 481.5 482.4 481.6 451.1 463.5 474.7 481.7
Year-over-Year Percent Change 1.8 2.3 1.1 1.5 1.0 1.9 2.8 2.4 1.5
Quarterly Percent Change 0.3 0.9 0.0 0.2 -0.2
Civilian Unemployment Rate 2.8 2.7 2.9 2.9 3.0 3.2 3.3 2.8 2.9
                   


Florida
Quarterly Annual Averages
1998Q4 1999Q1 1999Q2 1999Q3 1999Q4 1996 1997 1998 1999
Total Payroll Employment 6,774.1 6,824.8 6,890.9 6,968.5 7,039.8 6,184.4 6,414.1 6,676.5 6,931.0
Year-over-Year Percent Change 4.2 4.0 3.7 3.6 3.9 3.1 3.7 4.1 3.8
Quarterly Percent Change 0.7 0.7 1.0 1.1 1.0
Manufacturing Payroll Employment 498.1 497.5 498.2 497.2 497.0 489.8 492.0 496.7 497.5
Year-over-Year Percent Change 1.1 0.9 0.4 -0.4 -0.2 0.7 0.4 1.0 0.2
Quarterly Percent Change -0.2 -0.1 0.1 -0.2 0.0
Civilian Unemployment Rate 4.2 4.3 4.1 3.9 3.9 5.1 4.8 4.3 4.1
Initial Unemployment Claims 402.8 392.0 390.2 354.0 354.5 473.5 445.0 414.6 372.7
Year-over-Year Percent Change -3.9 -4.9 -8.2 -15.3 -12.0 -1.9 -6.0 -6.8 -10.1
Quarterly Percent Change -3.7 -2.7 -0.5 -9.3 0.1
Single Family Building Permits 100,848 107,851 102,864 105,315 107,119 91,040 90,309 97,889 105,787
Year-over-Year Percent Change 6.6 14.6 7.2 4.6 6.2 8.3 -0.8 8.4 8.1
Quarterly Percent Change 0.2 6.9 -4.6 2.4 1.7
Multifamily Building Permits 61,516 66,120 52,390 54,120 64,949 33,980 43,681 50,714 59,395
Year-over-Year Percent Change 52.8 40.1 19.8 7.3 5.6 -12.5 28.5 16.1 17.1
Quarterly Percent Change 22.0 7.5 -20.8 3.3 20.0
Personal Income 395.0 396.7 404.0 411.1 na 343.8 364.0 386.7 na
Year-over-Year Percent Change 6.6 5.0 5.2 5.4 na 6.9 5.9 6.2 na
Quarterly Percent Change 1.3 0.4 1.8 1.8 na
Fort Lauderdale
Total Payroll Employment 652.3 655.4 660.2 664.9 669.8 607.4 626.2 645.7 662.6
Year-over-Year Percent Change 3.0 2.9 2.5 2.3 2.7 3.9 3.1 3.1 2.6
Quarterly Percent Change 0.4 0.5 0.7 0.7 0.7
Civilian Unemployment Rate 4.5 4.5 4.4 4.0 4.2 5.1 4.9 4.5 4.3
Jacksonville
Total Payroll Employment 538.6 545.1 547.9 551.7 556.9 494.5 508.9 532.2 550.4
Year-over-Year Percent Change 4.5 4.0 3.1 3.2 3.4 2.5 2.9 4.6 3.4
Quarterly Percent Change 0.7 1.2 0.5 0.7 0.9
Civilian Unemployment Rate 3.0 3.0 3.2 3.0 3.2 3.6 3.6 3.1 3.1
Miami
Total Payroll Employment 986.1 985.4 994.5 1,001.4 1,003.9 937.7 961.7 978.2 996.3
Year-over-Year Percent Change 2.0 1.7 2.0 1.9 1.8 1.2 2.6 1.7 1.9
Quarterly Percent Change 0.3 -0.1 0.9 0.7 0.2
Civilian Unemployment Rate 6.5 6.7 6.3 5.8 5.6 7.3 7.1 6.5 6.1
Orlando
Total Payroll Employment 855.6 865.6 872.5 883.3 894.1 749.4 794.4 839.4 878.9
Year-over-Year Percent Change 5.3 5.2 4.6 4.5 4.5 5.0 6.0 5.7 4.7
Quarterly Percent Change 1.3 1.2 0.8 1.2 1.2
Civilian Unemployment Rate 2.9 3.0 2.9 2.7 2.8 3.8 3.4 3.0 2.9
Tampa
Total Payroll Employment 1,149.2 1,166.5 1,174.5 1,190.8 1,209.3 1,022.0 1,069.0 1,126.7 1,185.3
Year-over-Year Percent Change 5.3 5.8 4.9 4.9 5.2 2.8 4.6 5.4 5.2
Quarterly Percent Change 1.2 1.5 0.7 1.4 1.6
Civilian Unemployment Rate 2.9 2.9 2.8 2.7 2.9 3.9 3.5 3.0 2.8
West Palm Beach
Total Payroll Employment 484.0 488.7 498.0 505.4 510.1 417.2 438.2 472.4 500.6
Year-over-Year Percent Change 7.8 7.3 5.7 5.6 5.4 4.6 5.0 7.8 6.0
Quarterly Percent Change 1.1 1.0 1.9 1.5 0.9
Civilian Unemployment Rate 5.4 5.6 5.2 4.6 4.8 6.6 6.2 5.5 5.0


Georgia
Quarterly Annual Averages
1998Q4 1999Q1 1999Q2 1999Q3 1999Q4 1996 1997 1998 1999
Total Payroll Employment 3,784.0 3,815.3 3,845.3 3,876.2 3,928.2 3,528.4 3,614.2 3,739.4 3,866.3
Year-over-Year Percent Change 3.3 3.3 3.4 3.1 3.8 3.7 2.4 3.5 3.4
Quarterly Percent Change 0.7 0.8 0.8 0.8 1.3
Manufacturing Payroll Employment 596.0 596.2 593.9 590.6 590.0 585.6 588.6 593.0 592.7
Year-over-Year Percent Change 1.2 1.0 0.3 -0.4 -1.0 -0.3 0.5 0.7 -0.1
Quarterly Percent Change 0.5 0.0 -0.4 -0.6 -0.1
Civilian Unemployment Rate 4.0 4.1 3.7 3.9 3.6 4.6 4.5 4.2 3.8
Initial Unemployment Claims 412.7 389.6 356.7 374.5 369.4 371.6 313.2 361.6 372.5
Year-over-Year Percent Change 41.0 22.1 5.1 -0.2 -10.5 -9.3 -15.7 15.5 3.0
Quarterly Percent Change 10.0 -5.6 -8.5 5.0 -1.3
Single Family Building Permits 75,355 71,561 68,436 68,699 71,889 59,397 59,596 67,879 70,146
Year-over-Year Percent Change 23.0 13.3 6.9 -0.5 -4.6 7.9 0.3 13.9 3.3
Quarterly Percent Change 9.2 -5.0 -4.4 0.4 4.6
Multifamily Building Permits 20,979 16,579 19,942 13,889 28,287 15,477 15,527 17,522 19,674
Year-over-Year Percent Change 20.3 -16.4 32.0 -2.0 34.8 -10.0 0.3 12.8 12.3
Quarterly Percent Change 48.0 -21.0 20.3 -30.4 103.7
Personal Income 196.9 201.3 203.9 207.0 na 168.0 178.9 191.9 na
Year-over-Year Percent Change 8.0 7.8 7.4 6.7 na 7.7 6.5 7.3 na
Quarterly Percent Change 1.5 2.2 1.3 1.5 na
Atlanta
Total Payroll Employment 2,063.0 2,081.8 2,094.5 2,119.0 2,164.4 1,903.1 1,959.0 2,036.0 2,114.9
Year-over-Year Percent Change 3.6 3.4 3.4 3.7 4.9 4.7 2.9 3.9 3.9
Quarterly Percent Change 1.0 0.9 0.6 1.2 2.1
Civilian Unemployment Rate 3.1 3.3 3.0 3.0 2.9 3.8 3.7 3.3 3.1


Louisiana
Quarterly Annual Averages
1998Q4 1999Q1 1999Q2 1999Q3 1999Q4 1996 1997 1998 1999
Total Payroll Employment 1,913.3 1,909.5 1,916.3 1,918.6 1,925.1 1,809.9 1,850.3 1,898.5 1,917.4
Year-over-Year Percent Change 2.3 1.6 1.1 0.7 0.6 2.1 2.2 2.6 1.0
Quarterly Percent Change 0.4 -0.2 0.4 0.1 0.3
Manufacturing Payroll Employment 191.7 191.4 190.6 190.8 190.0 188.6 191.0 192.1 190.7
Year-over-Year Percent Change -0.3 -0.6 -0.9 -0.5 -0.9 0.3 1.3 0.5 -0.7
Quarterly Percent Change 0.0 -0.2 -0.4 0.1 -0.4
Civilian Unemployment Rate 5.3 5.3 4.6 4.9 4.9 6.7 6.1 5.7 4.9
Initial Unemployment Claims 157.0 170.4 176.6 176.3 138.6 175.2 167.1 155.9 165.5
Year-over-Year Percent Change 5.0 17.5 9.0 10.6 -11.7 -12.0 -4.6 -6.7 6.1
Quarterly Percent Change -1.6 8.5 3.6 -0.1 -21.4
Single Family Building Permits 14,652 14,621 14,116 14,088 13,128 14,422 13,189 13,875 13,988
Year-over-Year Percent Change 8.3 12.5 0.2 2.4 -10.4 15.7 -8.5 5.2 0.8
Quarterly Percent Change 6.5 -0.2 -3.5 -0.2 -6.8
Multifamily Building Permits 1,972 3,951 3,514 4,924 2,290 3,576 1,955 2,608 3,670
Year-over-Year Percent Change 35.7 60.1 27.5 52.2 16.1 58.1 -45.3 33.4 40.7
Quarterly Percent Change -39.0 100.3 -11.0 40.1 -53.5
Personal Income 94.6 94.7 95.6 96.4 na 85.1 89.1 93.4 na
Year-over-Year Percent Change 4.2 3.0 2.4 2.7 na 4.4 4.7 4.9 na
Quarterly Percent Change 0.8 0.1 0.9 0.9 na
New Orleans
Total Payroll Employment 627.4 629.0 622.7 620.5 624.0 603.8 613.9 622.9 624.0
Year-over-Year Percent Change 1.7 1.8 -0.1 -0.5 -0.5 0.8 1.7 1.5 0.2
Quarterly Percent Change 0.7 0.3 -1.0 -0.4 0.6
Civilian Unemployment Rate 4.5 4.4 3.8 4.3 4.4 6.5 5.5 4.9 4.2


Mississippi
Quarterly Annual Averages
1998Q4 1999Q1 1999Q2 1999Q3 1999Q4 1996 1997 1998 1999
Total Payroll Employment 1,134.4 1,135.6 1,132.4 1,136.3 1,132.4 1,089.2 1,107.2 1,132.0 1,134.2
Year-over-Year Percent Change 1.4 0.8 0.1 0.0 -0.2 1.4 1.6 2.2 0.2
Quarterly Percent Change -0.2 0.1 -0.3 0.3 -0.3
Manufacturing Payroll Employment 244.7 242.1 239.8 240.6 237.6 245.6 241.8 244.6 240.0
Year-over-Year Percent Change 0.9 -0.9 -2.1 -1.6 -2.9 -4.8 -1.5 1.2 -1.9
Quarterly Percent Change 0.1 -1.1 -1.0 0.3 -1.3
Civilian Unemployment Rate 5.2 4.9 4.6 4.6 5.0 6.1 5.7 5.4 4.8
Initial Unemployment Claims 207.2 159.1 172.2 150.8 146.4 194.7 169.6 174.5 157.2
Year-over-Year Percent Change 34.3 -3.5 4.7 -6.6 -29.3 -2.4 -12.9 2.9 -10.0
Quarterly Percent Change 28.2 -23.2 8.2 -12.4 -2.9
Single Family Building Permits 9,397 10,461 9,319 9,014 8,701 8,061 7,801 8,671 9,374
Year-over-Year Percent Change 22.7 32.9 4.1 6.5 -7.4 10.9 -3.2 11.2 8.1
Quarterly Percent Change 11.0 11.3 -10.9 -3.3 -3.5
Multifamily Building Permits 6,624 2,459 2,650 2,995 4,031 2,306 2,278 4,208 3,034
Year-over-Year Percent Change 104.3 -24.5 -15.1 -21.7 -39.2 -33.8 -1.2 84.7 -27.9
Quarterly Percent Change 73.1 -62.9 7.7 13.0 34.6
Personal Income 53.4 53.5 54.1 54.8 na 47.2 49.4 52.3 na
Year-over-Year Percent Change 6.0 4.4 4.4 3.9 na 5.7 4.9 5.8 na
Quarterly Percent Change 1.3 0.3 1.1 1.2 na
Jackson
Total Payroll Employment 226.1 226.0 226.2 230.1 229.2 215.1 220.7 226.1 227.9
Year-over-Year Percent Change 1.2 0.4 0.1 1.2 1.3 2.6 2.6 2.5 0.8
Quarterly Percent Change -0.5 -0.1 0.1 1.7 -0.4
Civilian Unemployment Rate 3.6 3.1 3.0 3.1 3.5 3.6 3.6 3.5 3.2


Tennessee
Quarterly Annual Averages
1998Q4 1999Q1 1999Q2 1999Q3 1999Q4 1996 1997 1998 1999
Total Payroll Employment 2,653.4 2,651.9 2,665.2 2,678.6 2,678.4 2,534.6 2,583.9 2,638.5 2,668.5
Year-over-Year Percent Change 1.9 1.3 1.2 1.1 0.9 1.4 1.9 2.1 1.1
Quarterly Percent Change 0.2 -0.1 0.5 0.5 0.0
Manufacturing Payroll Employment 510.3 507.9 506.0 507.8 505.5 519.6 517.6 514.9 506.8
Year-over-Year Percent Change -1.8 -2.0 -2.2 -1.2 -0.9 -3.7 -0.4 -0.5 -1.6
Quarterly Percent Change -0.7 -0.5 -0.4 0.4 -0.4
Civilian Unemployment Rate 4.1 4.3 3.7 3.5 3.7 5.1 5.4 4.2 3.8
Initial Unemployment Claims 457.4 365.1 395.9 359.3 327.6 500.6 430.0 425.7 362.0
Year-over-Year Percent Change 2.2 -14.8 -2.9 -12.2 -28.4 13.6 -14.1 -1.0 -15.0
Quarterly Percent Change 11.7 -20.2 8.4 -9.2 -8.8
Single Family Building Permits 29,540 30,352 28,279 29,142 30,387 28,217 26,694 28,293 29,540
Year-over-Year Percent Change 11.0 9.8 2.1 3.1 2.9 1.9 -5.4 6.0 4.4
Quarterly Percent Change 4.5 2.7 -6.8 3.1 4.3
Multifamily Building Permits 5,435 4,867 7,108 3,006 9,424 12,305 7,360 5,833 6,101
Year-over-Year Percent Change -35.3 -33.6 35.5 -43.5 73.4 66.3 -40.2 -20.7 4.6
Quarterly Percent Change 2.1 -10.4 46.0 -57.7 213.5
Personal Income 130.7 132.2 133.7 135.9 na 115.7 121.9 128.2 na
Year-over-Year Percent Change 5.1 5.2 4.9 5.2 na 4.7 5.4 5.2 na
Quarterly Percent Change 1.2 1.1 1.2 1.6 na
Memphis
Total Payroll Employment 590.4 596.5 591.8 592.4 596.2 545.4 563.3 579.2 594.2
Year-over-Year Percent Change 4.0 5.0 2.6 1.9 1.0 2.0 3.3 2.8 2.6
Quarterly Percent Change 1.5 1.0 -0.8 0.1 0.6
Civilian Unemployment Rate 3.4 3.5 3.2 3.1 3.5 4.4 4.6 3.7 3.3
Nashville
Total Payroll Employment 653.3 657.8 657.1 660.7 663.7 609.4 630.2 649.7 659.8
Year-over-Year Percent Change 2.1 1.8 1.3 1.5 1.6 2.3 3.4 3.1 1.6
Quarterly Percent Change 0.3 0.7 -0.1 0.5 0.5
Civilian Unemployment Rate 2.8 2.8 2.4 2.3 2.6 3.3 3.5 2.7 2.5


a Thousands, seasonally adjusted
b Thousands, seasonally adjusted annual rate
c Units, seasonally adjusted annual rate
d $ billions, seasonally adjusted annual rate
Sources: Payroll Employment and Civilian Unemployment Rate: U.S. Department of Labor, Bureau of Labor Statistics. Initial Unemployment Claims: U.S. Department of Labor, Employment and Training Administration. Single- and Multifamily Building Permits: U.S. Bureau of the Census, Construction Statistics Division. Personal Income: Bureau of Economic Analysis. Quarterly estimates of all construction data reflect annual benchmark revisions.

All the data were obtained and seasonally adjusted by Regional Financial Associates. Small differences from previously published data reflect revisions of seasonal factors. The U.S. Department of Commerce has discontinued the series on nonresidential contracts.


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