EconSouth (Second Quarter 2002)

Southeastern Economic Indicators

    Alabama Florida Georgia Louisiana Mississippi Tennessee 6th  
District
U.S.
Total Payroll Employment (thousands)a 2002Q1 1,900.3 7,176.6 3,877.8 1,931.5 1,131.6 2,718.8 18,736.6 131,202.3
  % change from 2001Q4 –0.3 –0.2 –0.9 –0.3 0.2 0.5 –0.2 –0.2
  % change from 2001Q1 –1.2 –0.1 –2.8 0.4 –0.7 –0.4 –0.8 –1.0
Manufacturing Payroll Employment (thousands)a 2002Q1 331.7 450.6 536.1 177.1 207.9 468.0 2,171.4 16,874.3
  % change from 2001Q4 –0.7 –1.0 –0.4 –1.6 –0.5 –0.4 –0.7 –1.7
  % change from 2001Q1 –4.9 –6.7 –5.3 –3.8 –5.8 –4.7 –5.3 –7.2
Civilian Unemployment Ratea 2002Q1 5.6 5.3 4.6 5.8 6.5 5.5 5.3 5.6
  Rate as of 2001Q4 5.9 5.7 4.4 6.5 6.3 4.8 5.5 5.6
  Rate as of 2001Q1 4.9 4.0 3.7 5.9 5.1 4.2 4.3 4.2
Single-Family Building Permits (units)b 2002Q1 19,915 135,611 69,936 15,396 8,678 26,993 276,528 1,303,233
  % change from 2001Q4 12.7 6.8 9.1 13.7 5.6 8.1 8.3 6.8
  % change from 2001Q1 22.1 20.2 0.0 21.7 9.1 3.8 12.6 4.4
Multifamily Building Permits (units)b 2002Q1 3,416 60,270 23,470 1,795 4,916 4,752 98,618 424,872
  % change from 2001Q4 84.3 40.0 9.7 –31.5 102.0 138.2 34.5 7.2
  % change from 2001Q1 –26.0 13.3 8.4 5.5 25.6 –33.4 7.0 –2.5
Personal Income
($ billions)b
2001Q4 109.3 471.0 238.5 108.5 62.1 154.5 1,143.8 8,633.1
  % change from 2001Q3 –0.4 0.1 –0.6 0.4 –0.1 0.1 –0.1 –0.2
  % change from 2000Q4 2.6 3.1 2.1 4.2 3.0 2.6 2.9 1.7
 
    Atlanta Birmingham Jacksonville Miami Nashville New   
Orleans
Orlando Tampa
Total Payroll Employment (thousands)a 2002Q1 2,143.6 484.9 572.3 1,035.0 685.7 628.3 904.6 1,226.2
  % change from 2001Q4 –0.9 0.3 0.5 0.5 0.2 0.6 0.1 –0.2
  % change from 2001Q1 –0.3 –0.5 1.0 0.1 0.6 0.3 –1.4 –0.5
Civilian Unemployment Ratea 2002Q1 4.7 4.0 4.9 7.6 4.1 5.2 5.6 4.3
  Rate as of 2001Q4 4.2 4.3 4.9 8.4 3.5 5.9 5.6 4.5
  Rate as of 2001Q1 3.1 3.1 3.6 5.9 3.1 5.1 3.0 3.0

a Seasonally adjusted
b 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.

For more extensive information on the data series shown here, see the Atlanta Fed’s World Wide Web site at www.frbatlanta.org/publica/econ_south/2002/q2/dist_data.htm.



Total Payroll Employment Manufacturing Payroll Employment
Total Payroll Employment   Manufacturing Payroll Employment
Civilian Unemployment Rate Single-Family Building Permits
Civilian Unemployment Rate   Single-Family Building Permits
Multifamily Building Permits Personal Income
Multifamily Building Permits   Personal Income

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