Southeastern Economic Indicators
Alabama
Quarterly Annual Averages
2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 1998 1999 2000 2001
Total Payroll Employmenta 1,937.4 1,935.0 1,922.1 1,917.8 1,907.2 1,898.0 1,919.4 1,934.5 1,920.5
Year-over-Year Percent Change 0.6 0.2 (0.5) (1.1) (1.6) 1.7 1.1 0.8 (0.7)
Quarterly Percent Change (0.0) (0.1) (0.7) (0.2) (0.6)
Manufacturing Payroll Employmenta 357.1 352.9 347.5 344.5 339.9 377.9 367.6 361.0 346.2
Year-over-Year Percent Change (1.7) (2.9) (4.0) (4.7) (4.8) (0.7) (2.7) (1.8) (4.1)
Quarterly Percent Change (1.2) (1.2) (1.5) (0.9) (1.3)
Civilian Unemployment Rate 4.6 5.1 4.7 4.7 5.7 4.2 4.8 4.6 5.1
Initial Unemployment Claimsb 332.4 367.0 412.8 362.4 415.2 327.2 291.5 306.0 389.4
Year-over-Year Percent Change 17.7 28.6 46.8 11.5 24.9 3.6 (10.9) 5.0 27.2
Quarterly Percent Change 2.3 10.4 12.5 (12.2) 14.6
Single Family Building Permitsc 13,046.6 16,315.3 16,264.7 15,707.2 17,677.3 14,655.0 14,926.0 13,672.0 16,491.1
Year-over-Year Percent Change (15.0) 9.2 17.5 22.1 35.5 7.5 1.8 (8.4) 20.6
Quarterly Percent Change 1.4 25.1 (0.3) (3.4) 12.5
Multifamily Building Permitsc 5,111.7 4,618.1 1,042.0 4,262.6 1,853.1 5,878.0 4,103.0 3,734.0 2,944.0
Year-over-Year Percent Change 84.8 75.5 (76.9) 59.2 (63.7) 43.4 (30.2) (9.0) (21.2)
Quarterly Percent Change 90.9 (9.7) (77.4) 309.1 (56.5)
Personal Incomed 106,399.0 108,054.0 109,488.0 110,137.0   96,586.3 100,676.5 104,567.5  
Year-over-Year Percent Change 4.2 5.3 4.7 5.2   5.8 4.2 3.9  
Quarterly Percent Change 1.7 1.6 1.3 0.6
Birmingham
Total Payroll Employmenta 488.5 490.5 487.0 483.2 482.7 473.2 481.6 486.4 485.9
Year-over-Year Percent Change 0.7 1.2 0.4 (0.8) (1.2) 2.1 1.8 1.0 (0.1)
Quarterly Percent Change 0.2 0.4 (0.7) (0.8) (0.1)
Civilian Unemployment Rate 3.0 3.1 2.9 3.0 4.0 2.8 3.1 3.1 3.3


Florida
Quarterly Annual Averages
2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 1998 1999 2000 2001
Total Payroll Employmenta 7,166.5 7,226.1 7,283.0 7,322.6 7,329.1 6,635.5 6,827.4 7,075.5 7,290.2
Year-over-Year Percent Change 3.7 3.6 3.2 3.1 2.3 3.5 2.9 3.6 3.0
Quarterly Percent Change 0.9 0.8 0.8 0.5 0.1
Manufacturing Payroll Employmenta 486.5 484.7 482.7 480.8 475.7 493.4 487.8 486.6 481.0
Year-over-Year Percent Change 0.2 (0.5) (0.7) (1.3) (2.2) 0.3 (1.1) (0.2) (1.2)
Quarterly Percent Change (0.1) (0.4) (0.4) (0.4) (1.1)
Civilian Unemployment Rate 3.6 3.8 4.0 4.3 5.3 4.3 3.9 3.6 4.3
Initial Unemployment Claimsb 383.4 444.7 452.5 513.1 681.3 414.7 372.4 372.5 522.9
Year-over-Year Percent Change 6.8 22.4 27.6 32.1 77.7 (6.9) (10.2) 0.0 40.4
Quarterly Percent Change (1.3) 16.0 1.8 13.4 32.8
Single Family Building Permitsc 107,950.2 112,785.6 117,468.5 115,619.6 126,917.1 97,889.0 106,569.0 106,447.0 118,197.7
Year-over-Year Percent Change (1.1) 3.7 11.0 12.0 17.6 8.4 8.9 (0.1) 11.0
Quarterly Percent Change 4.5 4.5 4.2 (1.6) 9.8
Multifamily Building Permitsc 54,422.0 53,180.9 45,456.1 49,957.2 43,046.0 50,714.0 58,153.0 48,822.0 47,910.0
Year-over-Year Percent Change (10.2) 19.4 (10.6) 9.8 (20.9) 16.1 14.7 (16.0) (1.9)
Quarterly Percent Change 19.6 (2.3) (14.5) 9.9 (13.8)
Personal Incomed 459,645.0 464,610.0 473,008.0 477,718.0   404,691.0 418,417.8 447,012.0  
Year-over-Year Percent Change 8.4 7.0 6.5 6.2   7.2 3.4 6.8  
Quarterly Percent Change 2.1 1.1 1.8 1.0
Fort Lauderdale
Total Payroll Employmenta 685.3 687.9 694.1 697.8 697.3 639.5 652.7 676.0 694.3
Year-over-Year Percent Change 4.0 3.7 3.0 2.5 1.8 2.1 2.1 3.6 2.7
Quarterly Percent Change 0.6 0.4 0.9 0.5 (0.1)
Civilian Unemployment Rate 3.7 3.8 4.0 4.6 5.8 4.5 4.1 3.7 4.6
Jacksonville
Total Payroll Employmenta 571.3 576.6 579.0 582.5 585.0 525.5 538.3 561.8 580.8
Year-over-Year Percent Change 4.4 4.4 3.6 3.2 2.4 3.3 2.4 4.4 3.4
Quarterly Percent Change 1.2 0.9 0.4 0.6 0.4
Civilian Unemployment Rate 3.2 3.3 3.5 3.9 4.5 3.1 3.0 3.1 3.8
Miami
Total Payroll Employmenta 1,024.5 1,031.6 1,039.6 1,050.0 1,044.5 975.7 987.0 1,016.1 1,041.4
Year-over-Year Percent Change 2.9 2.8 2.4 2.8 2.0 1.5 1.2 3.0 2.5
Quarterly Percent Change 0.3 0.7 0.8 1.0 (0.5)
Civilian Unemployment Rate 5.4 5.6 5.7 6.2 7.8 6.4 5.8 5.3 6.3
Orlando
Total Payroll Employmenta 916.6 923.9 931.3 941.3 944.9 837.3 876.1 907.4 935.4
Year-over-Year Percent Change 2.9 2.7 3.0 3.5 3.1 5.4 4.6 3.6 3.1
Quarterly Percent Change 0.7 0.8 0.8 1.1 0.4
Civilian Unemployment Rate 2.6 2.8 3.0 3.6 5.1 3.0 2.7 2.6 3.6
Tampa
Total Payroll Employmenta 1,220.8 1,235.4 1,247.0 1,260.6 1,261.2 1,114.9 1,150.3 1,202.4 1,251.0
Year-over-Year Percent Change 4.6 4.5 4.1 4.3 3.3 4.3 3.2 4.5 4.0
Quarterly Percent Change 1.0 1.2 0.9 1.1 0.0
Civilian Unemployment Rate 2.6 2.8 3.2 3.4 4.1 3.1 2.7 2.6 3.4
West Palm Beach
Total Payroll Employmenta 498.8 503.5 508.4 512.8 510.6 457.3 469.4 491. 508.8
Year-over-Year Percent Change 5.0 4.4 3.9 3.6 2.4 4.3 2.7 4.7 3.5
Quarterly Percent Change 0.7 0.9 1.0 0.9 (0.4)
Civilian Unemployment Rate 4.4 4.5 4.8 5.0 6.1 5.6 5.0 4.4 5.1


Georgia
Quarterly Annual Averages
2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 1998 1999 2000 2001
Total Payroll Employmenta 4,016.1 4,041.5 4,047.0 4,015.1 3,946.0 3,740.0 3,882.3 3,992.0 4,012.4
Year-over-Year Percent Change 2.3 2.0 1.7 0.1 (1.7) 3.5 3.8 2.8 0.5
Quarterly Percent Change 0.1 0.6 0.1 (0.8) (1.7)
Manufacturing Payroll Employmenta 583.3 575.9 570.8 566.0 558.2 594.2 596.3 587.8 567.7
Year-over-Year Percent Change (1.7) (2.7) (3.1) (3.6) (4.3) 0.9 0.4 (1.4) (3.4)
Quarterly Percent Change (0.7) (1.3) (0.9) (0.8) (1.4)
Civilian Unemployment Rate 3.4 3.7 3.8 3.7 4.3 4.2 4.0 3.7 3.9
Initial Unemployment Claimsb 483.9 558.2 683.3 648.0 774.0 359.7 370.5 393.6 665.9
Year-over-Year Percent Change 35.0 67.9 94.6 59.3 59.9 15.2 3.0 6.2 69.2
Quarterly Percent Change 19.0 15.4 22.4 (5.2) 19.5
Single Family Building Permitsc 67,698.5 69,903.8 74,958.8 65,936.5 64,099.3 67,879.0 71,530.0 68,852.0 68,724.6
Year-over-Year Percent Change (5.7) (1.6) 6.8 (0.8) (5.3) 13.9 5.4 (3.7) (0.2)
Quarterly Percent Change 1.8 3.3 7.2 (12.0) (2.8)
Multifamily Building Permitsc 20,573.1 21,652.4 23,298.6 21,851.5 21,398.4 17,522.0 18,051.0 22,968.0 22,050.2
Year-over-Year Percent Change (18.3) (13.4) (4.0) (0.7) 4.0 12.8 3.0 27.2 (4.0)
Quarterly Percent Change (6.5) 5.2 7.6 (6.2) (2.1)
Personal Incomed 234,344.0 237,453.0 240,626.0 241,245.0   200,180.5 213,254.8 228,692.5  
Year-over-Year Percent Change 7.3 6.5 5.8 4.9   8.9 6.5 7.2  
Quarterly Percent Change 1.9 1.3 1.3 0.3
Atlanta
Total Payroll Employmenta 2,216.4 2,229.3 2,230.0 2,211.4 2,173.3 2,042.8 2,141.3 2,200.5 2,211.0
Year-over-Year Percent Change 2.1 2.0 1.7 0.2 (1.9) 4.3 4.8 2.8 0.5
Quarterly Percent Change 0.4 0.6 0.0 (0.8) (1.7)
Civilian Unemployment Rate 2.7 3.1 3.0 3.4 4.1 3.3 3.1 3.0 3.4


Louisiana
Quarterly Annual Averages
2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 1998 1999 2000 2001
Total Payroll Employmenta 1,942.0 1,954.7 1,948.5 1,943.9 1,941.4 1,889.5 1,896.4 1,931.9 1,947.1
Year-over-Year Percent Change 1.8 1.8 0.9 0.4 (0.0) 2.1 0.4 1.9 0.8
Quarterly Percent Change 0.3 0.7 (0.3) (0.2) (0.1)
Manufacturing Payroll Employmenta 182.4 182.5 180.6 178.2 176.2 191.0 187.2 183.7 179.4
Year-over-Year Percent Change (1.4) (1.5) (1.8) (2.8) (3.4) (0.1) (2.0) (1.9) (2.4)
Quarterly Percent Change (0.5) 0.0 (1.1) (1.3) (1.1)
Civilian Unemployment Rate 5.8 5.7 5.4 5.1 6.2 5.7 5.1 5.5 5.6
Initial Unemployment Claimsb 166.6 179.1 177.4 179.5 209.2 155.7 165.4 155.2 186.3
Year-over-Year Percent Change 15.6 27.2 10.9 17.0 25.6 (6.9) 6.2 (6.2) 20.1
Quarterly Percent Change 8.7 7.5 (0.9) 1.2 16.6
Single Family Building Permitsc 12,566.2 12,654.8 13,513.9 13,744.9 13,539.0 13,875.0 14,557.0 13,109.0 13,363.1
Year-over-Year Percent Change (9.9) (11.3) 8.5 4.6 7.7 5.2 4.9 (9.9) 1.9
Quarterly Percent Change (4.4) 0.7 6.8 1.7 (1.5)
Multifamily Building Permitsc 1,995.7 1,700.7 4,168.9 3,212.8 2,619.5 2,608.0 3,279.0 1,611.0 2,925.5
Year-over-Year Percent Change 18.2 (6.5) 398.7 79.2 31.3 33.4 25.7 (50.9) 81.6
Quarterly Percent Change 11.3 (14.8) 145.1 (22.9) (18.5)
Personal Incomed 104,035.0 106,375.0 107,447.0 108,190.0   97,531.3 99,467.8 103,111.8  
Year-over-Year Percent Change 3.2 4.6 4.1 4.5   5.7 2.0 3.7  
Quarterly Percent Change 0.5 2.2 1.0 0.7
New Orleans
Total Payroll Employmenta 630.4 630.6 628.5 629.1 627.7 620.8 621.6 628.7 629.0
Year-over-Year Percent Change 0.8 0.5 (0.1) 0.2 (0.4) 1.1 0.1 1.1 0.0
Quarterly Percent Change 0.4 0.0 (0.3) 0.1 (0.2)
Civilian Unemployment Rate 5.2 5.0 4.7 4.3 5.5 4.9 4.4 5.0 4.9


Mississippi
Quarterly Annual Averages
2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 1998 1999 2000 2001
Total Payroll Employmenta 1,153.2 1,146.1 1,147.7 1,140.3 1,132.0 1,133.4 1,153.0 1,157.6 1,141.5
Year-over-Year Percent Change (0.2) (1.0) (1.0) (1.7) (1.8) 2.3 1.7 0.4 (1.4)
Quarterly Percent Change (0.6) (0.6) 0.1 (0.6) (0.7)
Manufacturing Payroll Employmenta 229.1 223.3 219.4 216.2 213.8 245.5 244.0 234.2 218.2
Year-over-Year Percent Change (4.8) (6.3) (7.1) (7.2) (6.7) 1.5 (0.6) (4.0) (6.8)
Quarterly Percent Change (1.7) (2.5) (1.8) (1.4) (1.1)
Civilian Unemployment Rate 5.4 5.0 4.8 4.9 6.1 5.4 5.1 5.7 5.2
Initial Unemployment Claimsb 155.5 192.7 205.5 214.9 221.0 174.7 157.5 150.0 208.5
Year-over-Year Percent Change 6.3 34.6 41.4 37.6 42.2 2.9 (9.8) (4.8) 39.0
Quarterly Percent Change (0.5) 23.9 6.7 4.6 2.8
Single Family Building Permitsc 7,023.7 7,951.7 8,779.4 7,441.0 8,215.3 8,671.0 9,594.0 7,624.0 8,096.8
Year-over-Year Percent Change (21.9) (6.3) 18.3 (1.7) 17.0 11.2 10.6 (20.5) 6.2
Quarterly Percent Change (7.2) 13.2 10.4 (15.2) 10.4
Multifamily Building Permitsc 4,251.1 3,913.8 1,393.0 1,529.4 2,433.2 4,208.0 3,277.0 3,646.0 2,317.4
Year-over-Year Percent Change 49.2 50.8 (55.9) (66.6) (42.8) 84.7 (22.1) 11.3 (36.4)
Quarterly Percent Change (7.2) (7.9) (64.4) 9.8 59.1
Personal Incomed 60,256.0 61,229.0 61,646.0 62,138.0   55,128.0 57,030.0 59,467.0  
Year-over-Year Percent Change 3.9 4.9 3.6 4.0   6.8 3.5 4.3  
Quarterly Percent Change 0.8 1.6 0.7 0.8
Jackson
Total Payroll Employmenta 228.0 229.0 228.0 230.1 229.9 226.9 228.8 229.9 229.2
Year-over-Year Percent Change (0.1) (0.7) (1.4) 0.1 0.8 2.8 0.8 0.5 (0.3)
Quarterly Percent Change (0.8) 0.4 (0.4) 0.9 (0.1)
Civilian Unemployment Rate 3.7 3.7 3.4 3.0 3.8 3.4 3.4 3.9 3.4


Tennessee
Quarterly Annual Averages
2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 1998 1999 2000 2001
Total Payroll Employmenta 2,750.6 2,750.6 2,757.8 2,758.8 2,753.0 2,637.2 2,684.4 2,739.7 2,755.1
Year-over-Year Percent Change 1.7 0.9 0.9 0.3 0.1 2.1 1.8 2.1 0.6
Quarterly Percent Change 0.0 0.0 0.3 0.0 (0.2)
Manufacturing Payroll Employmenta 504.8 496.8 491.3 486.6 480.8 514.3 510.7 508.9 488.9
Year-over-Year Percent Change (1.3) (2.7) (3.7) (4.7) (4.8) (0.6) (0.7) (0.3) (3.9)
Quarterly Percent Change (1.1) (1.6) (1.1) (0.9) (1.2)
Civilian Unemployment Rate 4.2 4.2 4.2 4.1 4.7 4.2 4.0 3.9 4.3
Initial Unemployment Claimsb 427.6 488.6 559.1 523.0 583.6 424.8 359.5 378.9 538.6
Year-over-Year Percent Change 26.6 43.3 53.7 36.5 36.5 (1.2) (15.4) 5.4 42.1
Quarterly Percent Change 11.6 14.3 14.4 (6.5) 11.6
Single Family Building Permitsc 22,339.8 26,016.7 26,385.1 25,007.5 24,970.2 28,293.0 29,881.0 24,440.0 25,594.9
Year-over-Year Percent Change (26.8) (5.5) 9.9 4.7 11.8 6.0 5.6 (18.2) 4.7
Quarterly Percent Change (6.5) 16.5 1.4 (5.2) (0.1)
Multifamily Building Permitsc 7,264.0 7,137.0 7,581.5 6,250.9 1,995.1 5,833.0 7,153.0 7,763.0 5,741.1
Year-over-Year Percent Change (22.8) (24.2) (5.5) (1.6) (72.5 (20.7) 22.6 8.5 (26.0)
Quarterly Percent Change 14.3 (1.7) 6.2 (17.6) (68.1)
Personal Incomed 150,682.0 153,172.0 154,846.0 156,294.0   134,280.3 139,434.3 147,751.8  
Year-over-Year Percent Change 6.2 6.0 5.3 5.1   7.0 3.8 6.0  
Quarterly Percent Change 1.3 1.7 1.1 0.9
Memphis
Total Payroll Employmenta 598.5 603.8 599.1 596.9 595.8 576.5 587.6 595.5 598.9
Year-over-Year Percent Change 1.1 1.4 0.7 0.5 (0.5) 2.3 1.9 1.4 0.6
Quarterly Percent Change 0.8 0.9 (0.8) (0.4) (0.2)
Civilian Unemployment Rate 4.0 3.8 3.8 3.8 4.5 3.8 3.6 3.9 4.0
Nashville
Total Payroll Employmenta 688.5 691.1 689.0 691.1 688.7 651.6 668.0 684.0 690.0
Year-over-Year Percent Change 1.8 1.7 1.1 0.7 0.0 3.4 2.5 2.4 0.9
Quarterly Percent Change 0.3 0.4 (0.3) 0.3 (0.4)
Civilian Unemployment Rate 3.1 3.1 3.1 3.0 3.3 2.7 2.7 2.8 3.1


a Thousands, seasonally adjusted
b Thousands, seasonally adjusted annual rate
c Units, seasonally adjusted annual rate
d $ millions, 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.


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