Southeastern Economic Indicators
Alabama
Quarterly Annual Averages
1999Q1 1999Q2 1999Q3 1999Q4 2000Q1 1996 1997 1998 1999
Total Payroll Employmenta 1,912.1 1,915.1 1,931.8 1,937.8 1,945.5 1,829.4 1,866.5 1,897.9 1,924.2
Year-over-Year Percent Change 1.3 0.7 1.7 1.8 1.8 1.5 2.0 1.7 1.4
Quarterly Percent Change 0.4 0.2 0.9 0.3 0.4
Manufacturing Payroll Employmenta 371.3 369.0 368.4 366.5 366.2 382.7 380.5 377.9 368.8
Year-over-Year Percent Change -2.4 -2.8 -2.3 -2.1 -1.4 -2.3 -0.6 -0.7 -2.4
Quarterly Percent Change -0.8 -0.6 -0.2 -0.5 -0.1
Civilian Unemployment Rate 4.6 4.9 4.8 4.7 4.6 5.1 5.1 4.2 4.8
Initial Unemployment Claimsb 299.0 302.1 291.3 278.4 285.2 355.7 316.0 327.7 292.7
Year-over-Year Percent Change -7.6 -7.5 -6.6 -20.2 -4.6 -2.3 -11.2 3.7 -10.7
Quarterly Percent Change -14.3 1.1 -3.6 -4.4 2.5
Single Family Building Permitsc 14,564 15,122 14,763 15,255 17,399 14,566 13,634 14,655 14,926
Year-over-Year Percent Change 5.2 1.7 2.6 -1.6 19.5 8.6 -6.4 7.5 1.8
Quarterly Percent Change -6.1 3.8 -2.4 3.3 14.1
Multifamily Building Permitsc 6,519 2,908 4,208 2,776 3,846 5,302 4,098 5,878 4,103
Year-over-Year Percent Change -8.4 -42.3 -36.6 -41.2 -41.0 -20.9 -22.7 43.4 -30.2
Quarterly Percent Change 38.2 -55.4 44.7 -34.0 38.5
Personal Incomed 98.6 99.8 100.7 101.9 na 87.2 91.8 96.0 100.3
Year-over-Year Percent Change 4.7 4.9 4.4 4.0 na 4.0 5.3 4.5 4.5
Quarterly Percent Change 0.7 1.2 1.0 1.2 na
Birmingham
Total Payroll Employmenta 477.4 481.2 483.3 486.5 491.4 451.1 463.5 473.2 482.1
Year-over-Year Percent Change 1.6 1.6 2.0 2.4 2.9 1.9 2.8 2.1 1.9
Quarterly Percent Change 0.4 0.8 0.4 0.7 1.0
Civilian Unemployment Rate 2.9 3.2 3.1 3.2 2.9 3.2 3.4 2.8 3.1
                   


Florida
Quarterly Annual Averages
1999Q1 1999Q2 1999Q3 1999Q4 2000Q1 1996 1997 1998 1999
Total Payroll Employmenta 6,773.6 6,831.6 6,909.7 6,990.7 7,060.2 6,183.8 6,413.2 6,634.6 6,876.4
Year-over-Year Percent Change 3.3 3.6 3.8 4.0 4.2 3.1 3.7 3.5 3.6
Quarterly Percent Change 0.7 0.9 1.1 1.2 1.0
Manufacturing Payroll Employmenta 491.3 487.8 486.7 485.7 487.5 489.7 491.9 493.4 487.9
Year-over-Year Percent Change -0.3 -1.5 -1.3 -1.3 -0.8 0.7 0.5 0.3 -1.1
Quarterly Percent Change -0.2 -0.7 -0.2 -0.2 0.4
Civilian Unemployment Rate 4.0 3.9 3.7 3.8 3.7 5.1 4.8 4.3 3.9
Initial Unemployment Claimsb 392.8 386.0 355.5 355.2 364.6 473.5 444.9 414.4 372.4
Year-over-Year Percent Change -4.8 -8.3 -15.5 -12.0 -7.2 -1.9 -6.0 -6.9 -10.1
Quarterly Percent Change -2.7 -1.7 -7.9 -0.1 2.7
Single Family Building Permitsc 108,673 103,560 106,046 107,997 109,141 91,040 90,309 97,889 106,569
Year-over-Year Percent Change 15.5 7.9 5.4 7.1 0.4 8.3 -0.8 8.4 8.9
Quarterly Percent Change 7.8 -4.7 2.4 1.8 1.1
Multifamily Building Permitsc 64,773 51,234 52,983 63,622 39,988 33,980 43,681 50,714 58,153
Year-over-Year Percent Change 37.3 17.3 5.1 3.3 -38.3 -12.5 28.5 16.1 14.7
Quarterly Percent Change 5.2 -20.9 3.4 20.1 -37.1
Personal Incomed 413.5 420.5 425.5 434.4 na 355.1 376.6 400.2 423.5
Year-over-Year Percent Change 5.8 5.9 5.4 6.1 na 6.5 6.0 6.3 5.8
Quarterly Percent Change 1.0 1.7 1.2 2.1 na
Fort Lauderdale
Total Payroll Employmenta 650.9 656.2 661.9 666.6 669.9 607.4 626.2 639.5 658.9
Year-over-Year Percent Change 2.5 3.2 3.3 3.1 2.9 3.9 3.1 2.1 3.0
Quarterly Percent Change 0.6 0.8 0.9 0.7 0.5
Civilian Unemployment Rate 4.2 4.1 3.9 4.0 3.9 5.1 4.9 4.5 4.0
Jacksonville
Total Payroll Employmenta 532.2 535.4 538.8 544.1 548.1 494.4 508.9 525.5 537.6
Year-over-Year Percent Change 1.7 2.6 2.7 2.2 3.0 2.5 2.9 3.3 2.3
Quarterly Percent Change 0.0 0.6 0.6 1.0 0.7
Civilian Unemployment Rate 2.9 2.9 3.0 3.2 3.1 3.6 3.6 3.1 3.0
Miami
Total Payroll Employmenta 981.6 986.6 997.7 1,002.8 1,003.8 937.6 961.6 975.7 992.2
Year-over-Year Percent Change 1.2 1.4 2.2 1.9 2.3 1.2 2.6 1.5 1.7
Quarterly Percent Change -0.3 0.5 1.1 0.5 0.1
Civilian Unemployment Rate 6.2 5.9 5.6 5.5 5.5 7.3 7.1 6.5 5.8
Orlando
Total Payroll Employmenta 860.7 873.8 886.4 900.2 912.0 749.3 794.3 837.3 880.3
Year-over-Year Percent Change 4.6 5.2 5.3 5.4 6.0 5.0 6.0 5.4 5.1
Quarterly Percent Change 0.8 1.5 1.4 1.6 1.3
Civilian Unemployment Rate 2.8 2.7 2.5 2.8 2.6 3.8 3.4 3.0 2.7
Tampa
Total Payroll Employmenta 1,138.8 1,150.4 1,162.8 1,176.4 1,192.5 1,022.0 1,069.1 1,114.9 1,157.1
Year-over-Year Percent Change 3.3 3.7 4.0 4.1 4.7 2.8 4.6 4.3 3.8
Quarterly Percent Change 0.8 1.0 1.1 1.2 1.4
Civilian Unemployment Rate 2.8 2.7 2.6 2.9 2.8 3.9 3.5 3.0 2.7
West Palm Beach
Total Payroll Employmenta 465.1 469.9 474.8 479.0 483.9 417.2 438.2 457.2 472.2
Year-over-Year Percent Change 2.7 3.2 3.6 3.6 4.1 4.6 5.0 4.3 3.3
Quarterly Percent Change 0.6 1.0 1.0 0.9 1.0
Civilian Unemployment Rate 5.4 5.1 4.8 5.0 4.8 6.6 6.3 5.5 5.0


Georgia
Quarterly Annual Averages
1999Q1 1999Q2 1999Q3 1999Q4 2000Q1 1996 1997 1998 1999
Total Payroll Employmenta 3,826.0 3,869.4 3,915.9 3,940.0 3,980.5 3,528.7 3,614.6 3,739.0 3,887.8
Year-over-Year Percent Change 3.5 4.1 4.3 4.0 4.0 3.7 2.4 3.4 4.0
Quarterly Percent Change 1.0 1.1 1.2 0.6 1.0
Manufacturing Payroll Employmenta 598.3 599.0 599.7 600.1 605.3 585.8 588.7 594.1 599.3
Year-over-Year Percent Change 1.0 1.1 1.0 0.3 1.2 -0.2 0.5 0.9 0.9
Quarterly Percent Change 0.0 0.1 0.1 0.1 0.9
Civilian Unemployment Rate 4.2 4.1 4.0 3.7 3.5 4.6 4.5 4.2 4.0
Initial Unemployment Claimsb 390.4 362.7 373.9 358.3 328.7 371.0 312.7 360.1 371.4
Year-over-Year Percent Change 22.4 5.4 -0.7 -10.6 -15.8 -9.4 -15.7 15.2 3.1
Quarterly Percent Change -2.5 -7.1 3.1 -4.2 -8.3
Single Family Building Permitsc 72,976 69,796 70,057 73,290 69,224 59,397 59,596 67,879 71,530
Year-over-Year Percent Change 15.6 9.1 1.5 -2.7 -5.1 7.9 0.3 13.9 5.4
Quarterly Percent Change -3.2 -4.4 0.4 4.6 -5.5
Multifamily Building Permitsc 15,132 17,904 12,729 26,439 28,751 15,477 15,527 17,522 18,051
Year-over-Year Percent Change -23.7 18.5 -10.2 26.0 90.0 -10.0 0.3 12.8 3.0
Quarterly Percent Change -27.9 18.3 -28.9 107.7 8.7
Personal Incomed 207.0 210.1 212.7 217.4 na 172.9 184.1 197.3 211.8
Year-over-Year Percent Change 8.2 7.9 6.6 6.7 na 8.2 6.5 7.2 7.4
Quarterly Percent Change 1.6 1.5 1.2 2.2 na
Atlanta
Total Payroll Employmenta 2,103.5 2,135.5 2,163.2 2,193.1 2,211.4 1,903.1 1,959.1 2,042.7 2,148.8
Year-over-Year Percent Change 4.5 5.3 5.4 5.6 5.1 4.7 2.9 4.3 5.2
Quarterly Percent Change 1.3 1.5 1.3 1.4 0.8
Civilian Unemployment Rate 3.3 3.2 3.1 2.8 2.8 3.8 3.7 3.3 3.1


Louisiana
Quarterly Annual Averages
1999Q1 1999Q2 1999Q3 1999Q4 2000Q1 1996 1997 1998 1999
Total Payroll Employmenta 1,898.2 1,890.0 1,898.3 1,906.7 1,904.3 1,809.7 1,850.3 1,889.8 1,898.3
Year-over-Year Percent Change 1.1 -0.2 0.2 0.8 0.3 2.1 2.2 2.1 0.4
Quarterly Percent Change 0.3 -0.4 0.4 0.4 -0.1
Manufacturing Payroll Employmenta 189.6 188.6 188.1 187.3 186.8 188.6 191.1 190.9 188.4
Year-over-Year Percent Change -1.4 -1.7 -1.4 -0.8 -1.5 0.4 1.3 -0.1 -1.3
Quarterly Percent Change 0.4 -0.5 -0.3 -0.5 -0.2
Civilian Unemployment Rate 5.7 5.1 4.9 4.5 4.9 6.7 6.1 5.7 5.1
Initial Unemployment Claimsb 171.4 174.4 172.3 142.6 139.0 175.2 167.1 155.8 165.2
Year-over-Year Percent Change 17.5 8.9 9.8 -11.1 -18.9 -12.0 -4.6 -6.7 6.0
Quarterly Percent Change 6.8 1.8 -1.2 -17.2 -2.5
Single Family Building Permitsc 15,197 14,608 14,639 13,783 14,246 14,422 13,189 13,875 14,557
Year-over-Year Percent Change 16.9 3.7 6.4 -5.9 -6.3 15.7 -8.5 5.2 4.9
Quarterly Percent Change 3.7 -3.9 0.2 -5.8 3.4
Multifamily Building Permitsc 3,566 3,232 4,552 1,765 1,531 3,576 1,955 2,608 3,279
Year-over-Year Percent Change 44.5 16.9 40.3 -9.7 -57.1 58.1 -45.3 33.4 25.7
Quarterly Percent Change 82.4 -9.4 40.8 -61.2 -13.3
Personal Incomed 98.6 99.4 99.3 101.2 na 87.9 92.5 96.9 99.6
Year-over-Year Percent Change 3.5 2.8 2.1 3.1 na 3.9 5.2 4.7 2.9
Quarterly Percent Change 0.5 0.8 -0.1 1.9 na
New Orleans
Total Payroll Employmenta 623.5 618.6 618.5 620.9 622.5 603.9 613.9 620.8 620.4
Year-over-Year Percent Change 1.0 -0.6 -0.6 -0.1 -0.2 0.8 1.7 1.1 -0.1
Quarterly Percent Change 0.3 -0.8 0.0 0.4 0.3
Civilian Unemployment Rate 4.8 4.3 4.3 4.1 4.5 6.5 5.5 4.9 4.4


Mississippi
Quarterly Annual Averages
1999Q1 1999Q2 1999Q3 1999Q4 2000Q1 1996 1997 1998 1999
Total Payroll Employmenta 1,145.9 1,154.2 1,161.6 1,158.5 1,159.3 1,089.3 1,107.2 1,133.4 1,155.0
Year-over-Year Percent Change 1.8 2.1 2.2 1.6 1.2 1.4 1.6 2.4 1.9
Quarterly Percent Change 0.5 0.7 0.6 -0.3 0.1
Manufacturing Payroll Employmenta 245.9 244.7 246.0 243.3 243.6 245.6 241.8 245.5 245.0
Year-over-Year Percent Change 0.7 -0.1 0.1 -1.4 -0.9 -4.8 -1.5 1.5 -0.2
Quarterly Percent Change -0.4 -0.5 0.5 -1.1 0.2
Civilian Unemployment Rate 5.1 5.1 5.0 5.1 5.4 6.1 5.8 5.4 5.1
Initial Unemployment Claimsb 162.5 168.5 151.2 145.6 144.9 194.7 169.6 175.1 156.9
Year-over-Year Percent Change -3.1 3.9 -6.9 -30.1 -10.8 -2.4 -12.9 3.2 -10.4
Quarterly Percent Change -22.0 3.7 -10.3 -3.7 -0.5
Single Family Building Permitsc 10,706 9,509 9,216 8,945 9,300 8,061 7,801 8,671 9,594
Year-over-Year Percent Change 36.1 6.2 8.9 -4.8 -13.1 10.9 -3.2 11.2 10.6
Quarterly Percent Change 13.9 -11.2 -3.1 -2.9 4.0
Multifamily Building Permitsc 2,787 2,833 3,230 4,258 1,207 2,306 2,278 4,208 3,277
Year-over-Year Percent Change -14.0 -8.5 -15.5 -36.2 -56.7 -33.8 -1.2 84.7 -22.1
Quarterly Percent Change -58.2 1.6 14.0 31.8 -71.7
Personal Incomed 55.7 56.3 57.0 58.1 na 48.9 51.6 54.4 56.8
Year-over-Year Percent Change 4.6 4.5 4.0 4.3 na 5.7 5.4 5.5 4.3
Quarterly Percent Change 0.0 0.9 1.3 2.0 na
Jackson
Total Payroll Employmenta 228.8 230.9 232.1 231.4 231.0 215.1 220.7 226.8 230.8
Year-over-Year Percent Change 1.5 2.2 1.9 1.3 1.0 2.6 2.6 2.8 1.7
Quarterly Percent Change 0.2 0.9 0.5 -0.3 -0.1
Civilian Unemployment Rate 3.3 3.3 3.4 3.5 3.5 3.6 3.6 3.5 3.4


Tennessee
Quarterly Annual Averages
1999Q1 1999Q2 1999Q3 1999Q4 2000Q1 1996 1997 1998 1999
Total Payroll Employmenta 2,662.2 2,667.0 2,683.1 2,688.3 2,703.4 2,534.5 2,583.5 2,636.7 2,675.2
Year-over-Year Percent Change 1.8 1.3 1.4 1.3 1.5 1.4 1.9 2.1 1.5
Quarterly Percent Change 0.3 0.2 0.6 0.2 0.6
Manufacturing Payroll Employmenta 507.7 507.0 510.4 509.6 507.2 519.6 517.5 514.2 508.7
Year-over-Year Percent Change -2.1 -1.8 -0.3 -0.1 -0.1 -3.6 -0.4 -0.6 -1.1
Quarterly Percent Change -0.5 -0.1 0.7 -0.2 -0.5
Civilian Unemployment Rate 4.2 4.1 4.0 3.8 3.5 5.1 5.4 4.2 4.0
Initial Unemployment Claimsb 365.2 387.9 356.5 331.4 345.3 500.5 429.6 424.7 360.2
Year-over-Year Percent Change -14.3 -3.4 -12.6 -28.4 -5.5 13.6 -14.2 -1.1 -15.2
Quarterly Percent Change -21.1 6.2 -8.1 -7.0 4.2
Single Family Building Permitsc 30,700 28,615 29,483 30,726 28,082 28,217 26,694 28,293 29,881
Year-over-Year Percent Change 11.0 3.3 4.3 4.0 -8.5 1.9 -5.4 6.0 5.6
Quarterly Percent Change 3.9 -6.8 3.0 4.2 -8.6
Multifamily Building Permitsc 5,688 8,408 3,523 10,993 9,767 12,305 7,360 5,833 7,153
Year-over-Year Percent Change -22.4 60.2 -33.8 102.3 71.7 66.3 -40.2 -20.7 22.6
Quarterly Percent Change 4.7 47.8 -58.1 212.1 -11.2
Personal Incomed 137.2 139.3 141.2 143.5 na 119.3 126.1 132.8 140.3
Year-over-Year Percent Change 5.8 5.6 5.5 5.7 na 4.4 5.7 5.3 5.7
Quarterly Percent Change 1.1 1.5 1.4 1.6 na
Memphis
Total Payroll Employmenta 583.7 583.8 586.4 591.4 599.4 545.4 563.3 576.5 586.3
Year-over-Year Percent Change 2.8 1.4 1.2 1.5 2.7 2.0 3.3 2.3 1.7
Quarterly Percent Change 0.2 0.0 0.4 0.8 1.4
Civilian Unemployment Rate 3.6 3.6 3.6 3.7 3.4 4.4 4.6 3.7 3.6
Nashville
Total Payroll Employmenta 661.9 661.0 666.1 671.4 678.6 609.4 630.2 651.7 665.1
Year-over-Year Percent Change 2.5 1.9 1.8 2.0 2.5 2.3 3.4 3.4 2.1
Quarterly Percent Change 0.6 -0.1 0.8 0.8 1.1
Civilian Unemployment Rate 2.8 2.6 2.7 2.7 2.6 3.3 3.5 2.7 2.7


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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